2022
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GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186
2022
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Austria-Belgium In 2022, Austria exported $3.15B to Belgium. The main products that Austria exported to Belgium are Cars ($435M), Vaccines, blood, antisera, toxins and cultures ($259M), and Nitrogen Heterocyclic Compounds ($121M). During the last 23 years the exports of Austria to Belgium have increased at an annualized rate of 5.16%, from $992M in 1999 to $3.15B in 2022.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Belgium-Austria In 2022, Belgium exported $3.89B to Austria. The main products that Belgium exported to Austria were Cars ($358M), Vaccines, blood, antisera, toxins and cultures ($260M), and Packaged Medicaments ($226M). During the last 23 years the exports of Belgium to Austria have increased at an annualized rate of 3.25%, from $1.87B in 1999 to $3.89B in 2022.

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

Comparison In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $3.15B to Belgium. The main products exported from Austria to Belgium were Cars ($435M), Vaccines, blood, antisera, toxins and cultures ($259M), and Nitrogen Heterocyclic Compounds ($121M). During the last 23 years the exports of Austria to Belgium have increased at an annualized rate of 5.16%, from $992M in 1999 to $3.15B in 2022.

In 2022, Belgium exported $3.89B to Austria. The main products exported from Belgium to Austria were Cars ($358M), Vaccines, blood, antisera, toxins and cultures ($260M), and Packaged Medicaments ($226M). During the last 23 years the exports of Belgium to Austria have increased at an annualized rate of 3.25%, from $1.87B in 1999 to $3.89B in 2022.

Exports from Austria (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Belgium (Flag)

Austria Exports

Belgium Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Belgium
Top Destination
Germany$91.9B

This map shows whether countries import more from Austria or Belgium. Each country is colored based on the difference in imports they receive from Austria and Belgium or the difference in the growth in imports.

In 2021, countries that imported more from Austria than Belgium were Hungary ($10.4B), Switzerland ($11.2B), and Slovakia ($7.4B).

In 2021, countries that imported more from Belgium than Austria were France ($71.1B), Netherlands ($65.7B), and Germany ($91.9B).

Difference in imports from Belgium (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Belgium

Flow
Scale

This chart compares trade between Austria and Belgium by product, considering products traded by both, Austria and Belgium.

During 2022, Austria had a large net trade with Belgium in the exports of Chemical Products ($712M), Transportation ($621M), and Machines ($507M).

During 2022, Belgium had a large net trade with Austria in the exports of Chemical Products ($823M), Machines ($670M), and Transportation ($631M).

Service Trade

Bilateral Service Trade

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Austria (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Austria has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Austria.

Product Space of Austria (Flag) and Belgium (Flag) (2022)

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