2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Austria-Argentina Trade: In 2023, Austria exported $288M to Argentina. The main products that Austria exported to Argentina were Metalworking Machine Parts ($34.9M), Vaccines, blood, antisera, toxins and cultures ($25.6M), and Motorcycles and cycles ($18.5M). Over the past 5 years the exports of Austria to Argentina have increased at an annualized rate of 6.46%, from $211M in 2018 to $288M in 2023.

In 2020, Austria exported services to Argentina worth $13.7M, with Other business services ($8M), Transportation ($2.28M), and Government services, n.i.e. ($1.14M) being the largest in terms of value.

Argentina-Austria Trade: In 2023, Argentina exported $63.2M to Austria. The main products that Argentina exported to Austria were Bovine Meat ($22.5M), Tanned Equine and Bovine Hides ($13.9M), and Citrus ($2.52M). Over the past 5 years the exports of Argentina to Austria have decreased at an annualized rate of 0.29%,  from $66.9M in 2018 to $63.2M in 2023.

In 2023, Argentina 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, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $288M to Argentina. The main products exported from Austria to Argentina were Metalworking Machine Parts ($34.9M), Vaccines, blood, antisera, toxins and cultures ($25.6M), and Motorcycles and cycles ($18.5M). During the last 5 years the exports of Austria to Argentina have increased at an annualized rate of 6.46%, from $211M in 2018 to $288M in 2023.

In 2018, Argentina exported $63.2M to Austria. The main products exported from Argentina to Austria were Bovine Meat ($22.5M), Tanned Equine and Bovine Hides ($13.9M), and Citrus ($2.52M). During the last 5 years the exports of Argentina to Austria have decreased at an annualized rate of 0.29%, from $66.9M in 2023 to $63.2M in 2018.

Exports from Austria (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Argentina (Flag)

Austria Exports

Argentina Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Argentina
Top Destination
Brazil$12.1B

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

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

In 2023, countries that imported more from Argentina than Austria included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

Difference in imports from Argentina (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Argentina

Flow
Scale

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

During 2023, Austria had a large net trade with Argentina in the exports of Machines ($127M), Chemical Products ($52M), and Transportation ($36.8M).

During 2018, Argentina had a large net trade with Austria in the exports of Animal Products ($26.3M), Animal Hides ($14.3M), and Vegetable Products ($8.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Argentina+$11.1MVaccines, blood, antisera, toxins and cultures
Top Product Potential Argentina Austria+$2.37MVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Austria (Flag) and Argentina (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with