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2022
Flag → Flag
Exports $5.38BRnk 10 / 217
2022
Flag → Flag
Top Product $632MGold
2022
Flag → Flag
Exports $4.02BRnk 25 / 224
2022
Flag → Flag
Top Product $2.08BGold
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Austria-United Kingdom Trade: In 2022, Austria exported $5.38B to United Kingdom. The main products that Austria exported to United Kingdom were Gold ($632M), Cars ($516M), and Motor vehicles; parts and accessories (8701 to 8705) ($135M). Over the past 5 years the exports of Austria to United Kingdom have increased at an annualized rate of 4.21%, from $4.38B in 2017 to $5.38B in 2022.

In 2020, Austria exported services to United Kingdom worth $3.07B, with Transportation ($1.13B), Other business services ($760M), and Travel ($388M) being the largest in terms of value.

United Kingdom-Austria Trade: In 2022, United Kingdom exported $4.02B to Austria. The main products that United Kingdom exported to Austria were Gold ($2.08B), Cars ($173M), and Crude Petroleum ($135M). Over the past 5 years the exports of United Kingdom to Austria have increased at an annualized rate of 10.4%,  from $2.45B in 2017 to $4.02B in 2022.

In 2019, United Kingdom exported services to Austria worth $1.32B, with Other business services ($388M), Transportation ($286M), and Travel ($267M) being the largest in terms of value.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $5.38B to United Kingdom. The main products exported from Austria to United Kingdom were Gold ($632M), Cars ($516M), and Motor vehicles; parts and accessories (8701 to 8705) ($135M). During the last 5 years the exports of Austria to United Kingdom have increased at an annualized rate of 4.21%, from $4.38B in 2017 to $5.38B in 2022.

In 2017, United Kingdom exported $4.02B to Austria. The main products exported from United Kingdom to Austria were Gold ($2.08B), Cars ($173M), and Crude Petroleum ($135M). During the last 5 years the exports of United Kingdom to Austria have increased at an annualized rate of 10.4%, from $2.45B in 2022 to $4.02B in 2017.

Exports from Austria (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and United Kingdom (Flag)

Austria Exports

United Kingdom Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Austria than United Kingdom included Germany ($57.7B), Hungary ($10.4B), and Slovakia ($7.4B).

In 2022, countries that imported more from United Kingdom than Austria included United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - United Kingdom

Flow
Scale

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

During 2022, Austria had a large net trade with United Kingdom in the exports of Machines ($1.36B), Transportation ($1.16B), and Precious Metals ($662M).

During 2017, United Kingdom had a large net trade with Austria in the exports of Precious Metals ($2.13B), Machines ($486M), and Transportation ($310M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria United Kingdom+$286MCars
Top Product Potential United Kingdom Austria+$137MCars

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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Bilateral Service Trade

In 2020, Austria exported services to United Kingdom worth $3.07B, with Transportation ($1.13B), Other business services ($760M), and Travel ($388M) being the largest in terms of value.

In 2019, United Kingdom exported services to Austria worth $1.32B, with Other business services ($388M), Transportation ($286M), and Travel ($267M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Austria (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Austria (Flag) and United Kingdom (Flag) (2022)

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