2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Austria-Australia Trade: In 2022, Austria exported $1.32B to Australia. The main products that Austria exported to Australia were Motorcycles and cycles ($109M), Metal Mountings ($88.4M), and Flavored Water ($79.8M). Over the past 5 years the exports of Austria to Australia have increased at an annualized rate of 0.77%, from $1.27B in 2017 to $1.32B in 2022.

In 2020, Austria exported services to Australia worth $124M, with Other business services ($52.5M), Travel ($30.8M), and Transportation ($13.7M) being the largest in terms of value.

Australia-Austria Trade: In 2022, Australia exported $174M to Austria. The main products that Australia exported to Austria were Coal Briquettes ($108M), Telephones ($10.7M), and Other Organo-Inorganic Compounds ($7.31M). Over the past 5 years the exports of Australia to Austria have increased at an annualized rate of 22.1%,  from $64M in 2017 to $174M in 2022.

In 2022, Australia did not export any services to Austria.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $1.32B to Australia. The main products exported from Austria to Australia were Motorcycles and cycles ($109M), Metal Mountings ($88.4M), and Flavored Water ($79.8M). During the last 5 years the exports of Austria to Australia have increased at an annualized rate of 0.77%, from $1.27B in 2017 to $1.32B in 2022.

In 2017, Australia exported $174M to Austria. The main products exported from Australia to Austria were Coal Briquettes ($108M), Telephones ($10.7M), and Other Organo-Inorganic Compounds ($7.31M). During the last 5 years the exports of Australia to Austria have increased at an annualized rate of 22.1%, from $64M in 2022 to $174M in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Australia (Flag)

Austria Exports

Australia Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Australia
Top Destination
China$123B

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

In 2022, countries that imported more from Austria than Australia included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

In 2022, countries that imported more from Australia than Austria included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Austria - Australia

Flow
Scale

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

During 2022, Austria had a large net trade with Australia in the exports of Machines ($399M), Transportation ($312M), and Metals ($164M).

During 2017, Australia had a large net trade with Austria in the exports of Mineral Products ($108M), Machines ($38.7M), and Chemical Products ($9.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Australia+$59.9MCars
Top Product Potential Australia Austria+$30.6MCoal Briquettes

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

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

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

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