Austria (AUT) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Austria-Greece Trade: In 2022, Austria exported $797M to Greece. The main products that Austria exported to Greece were Electrical Transformers ($51.5M), Cheese ($29.2M), and Flavored Water ($25.5M). Over the past 5 years the exports of Austria to Greece have increased at an annualized rate of 9.17%, from $514M in 2017 to $797M in 2022.

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

Greece-Austria Trade: In 2022, Greece exported $455M to Austria. The main products that Greece exported to Austria were Packaged Medicaments ($106M), Aluminium Bars ($37.6M), and Cheese ($27.7M). Over the past 5 years the exports of Greece to Austria have increased at an annualized rate of 9.7%, from $286M in 2017 to $455M in 2022.

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $797M to Greece. The main products exported from Austria to Greece were Electrical Transformers ($51.5M), Cheese ($29.2M), and Flavored Water ($25.5M). During the last 5 years the exports of Austria to Greece have increased at an annualized rate of 9.17%, from $514M in 2017 to $797M in 2022.

In 2017, Greece exported $455M to Austria. The main products exported from Greece to Austria were Packaged Medicaments ($106M), Aluminium Bars ($37.6M), and Cheese ($27.7M). During the last 5 years the exports of Greece to Austria have increased at an annualized rate of 9.7%, from $286M in 2022 to $455M in 2017.

Exports from Austria () to Greece () (2022)

Exports from Greece () to Austria () (2022)

Latest Data

Trade between Austria () and Greece ()

Austria Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Austria than Greece included Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

In 2022, countries that imported more from Greece than Austria included Cyprus ($2.92B), Bulgaria ($3.62B), and Libya ($1.95B).

Difference in imports from Greece () and Austria () (2022)

Comparative Advantage Austria - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Greece in the exports of Machines ($220M), Textiles ($68.5M), and Paper Goods ($65.3M).

During 2017, Greece had a large net trade with Austria in the exports of Chemical Products ($113M), Metals ($83.8M), and Foodstuffs ($55M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Greece+$20.2MPackaged Medicaments

Top Product Potential Greece Austria+$23.9MPackaged Medicaments

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

Grc Year

Aut Year

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Greece () (2020)

Services Exports from Greece () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Greece () (2022)

Exports from Greece () to Austria () (2022)

Latest Data

Trade between Austria () and Greece ()

Austria Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Austria () (2022)

Comparative Advantage Austria - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Greece () (2020)

Services Exports from Greece () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Austria () and Greece () (2022)

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