Austria (AUT) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Austria-Angola Trade: In 2023, Austria exported $14.8M to Angola. The main products that Austria exported to Angola were Cranes ($2.7M), Excavation Machinery ($2.49M), and Flavored Water ($1.99M). Over the past 5 years the exports of Austria to Angola have decreased at an annualized rate of 9.02%, from $23.7M in 2018 to $14.8M in 2023.

In 2023, Austria did not export any services to Angola.

Angola-Austria Trade: In 2023, Angola exported $126k to Austria. The main products that Angola exported to Austria were Oscilloscopes ($79.3k), Aircraft parts (gliders, balloons, and powered aircraft) ($28.1k), and Hydrometers ($5.4k). Over the past 5 years the exports of Angola to Austria have decreased at an annualized rate of 41.6%, from $1.86M in 2018 to $126k in 2023.

In 2023, Angola did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $14.8M to Angola. The main products exported from Austria to Angola were Cranes ($2.7M), Excavation Machinery ($2.49M), and Flavored Water ($1.99M). During the last 5 years the exports of Austria to Angola have decreased at an annualized rate of 9.02%, from $23.7M in 2018 to $14.8M in 2023.

In 2018, Angola exported $126k to Austria. The main products exported from Angola to Austria were Oscilloscopes ($79.3k), Aircraft parts (gliders, balloons, and powered aircraft) ($28.1k), and Hydrometers ($5.4k). During the last 5 years the exports of Angola to Austria have decreased at an annualized rate of 41.6%, from $1.86M in 2023 to $126k in 2018.

Exports from Austria () to Angola () (2023)

Exports from Angola () to Austria () (2023)

Latest Data

Trade between Austria () and Angola ()

Austria Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Angola
Top DestinationChina$17.1B

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

In 2023, countries that imported more from Austria than Angola included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Angola than Austria included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

Difference in imports from Angola () and Austria () (2023)

Comparative Advantage Austria - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Angola in the exports of Machines ($7.24M), Metals ($2.19M), and Foodstuffs ($2.02M).

During 2018, Angola had a large net trade with Austria in the exports of Instruments ($84.8k), Transportation ($28.1k), and Machines ($7.35k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Angola+$980kLarge Construction Vehicles

Top Product Potential Angola Austria+$9.92kCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Angola. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Angola. Similarly, a dot/product with the flag of Angola indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Angola () (2023)

Exports from Angola () to Austria () (2023)

Latest Data

Trade between Austria () and Angola ()

Austria Exports

Angola Exports

Market Competitiveness

Difference in imports from Angola () and Austria () (2023)

Comparative Advantage Austria - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Angola () (2023)

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