2023
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GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
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GDP GROWTH
20%CURRENT US$
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2023
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 GDP
$1.62TCURRENT US$
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2013-2023
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GDP GROWTH
18.9%CURRENT US$
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2023
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GDP PC 
$56,034CURRENT US$
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2013-2023
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GDP PC GROWTH
11.4%CURRENT US$
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2023
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GDP PC
$33,509CURRENT US$
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2013-2023
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GDP PC GROWTH
14.7%CURRENT US$
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About

Austria-Spain Trade: In 2023, Austria exported $3.15B to Spain. The main products that Austria exported to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($216M), Motorcycles and cycles ($88.2M), and Nucleic Acids ($78.5M). Over the past 5 years the exports of Austria to Spain have increased at an annualized rate of 2.38%, from $2.8B in 2018 to $3.15B in 2023.

In 2020, Austria exported services to Spain worth $543M, with Transportation ($234M), Other business services ($144M), and Travel ($57.1M) being the largest in terms of value.

Spain-Austria Trade: In 2023, Spain exported $3.23B to Austria. The main products that Spain exported to Austria were Cars ($705M), Motor vehicles; parts and accessories (8701 to 8705) ($159M), and Antibiotics ($143M). Over the past 5 years the exports of Spain to Austria have increased at an annualized rate of 1.68%,  from $2.97B in 2018 to $3.23B in 2023.

In 2009, Spain exported services to Austria worth $1.41B, with Services not allocated ($800M), Travel ($529M), and Transportation ($86.4M) being the largest in terms of value.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $3.15B to Spain. The main products exported from Austria to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($216M), Motorcycles and cycles ($88.2M), and Nucleic Acids ($78.5M). During the last 5 years the exports of Austria to Spain have increased at an annualized rate of 2.38%, from $2.8B in 2018 to $3.15B in 2023.

In 2018, Spain exported $3.23B to Austria. The main products exported from Spain to Austria were Cars ($705M), Motor vehicles; parts and accessories (8701 to 8705) ($159M), and Antibiotics ($143M). During the last 5 years the exports of Spain to Austria have increased at an annualized rate of 1.68%, from $2.97B in 2023 to $3.23B in 2018.

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

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

Latest Data

Trade between Austria (Flag) and Spain (Flag)

Austria Exports

Spain Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Spain
Top Destination
France$61.9B

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

In 2023, countries that imported more from Austria than Spain included Germany ($51B), Hungary ($8.42B), and Slovenia ($3.61B).

In 2023, countries that imported more from Spain than Austria included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

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

Comparative Advantage Austria - Spain

Flow
Scale

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

During 2023, Austria had a large net trade with Spain in the exports of Machines ($935M), Transportation ($445M), and Metals ($386M).

During 2018, Spain had a large net trade with Austria in the exports of Transportation ($1.11B), Chemical Products ($448M), and Machines ($389M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Spain+$87.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Spain Austria+$146MCars

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 Spain. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Austria.

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

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