2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 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
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Austria-Hong Kong Trade: In 2023, Austria exported $526M to Hong Kong. The main products that Austria exported to Hong Kong were Paintings ($110M), Integrated Circuits ($38.3M), and Electrical Resistors ($27.6M). Over the past 5 years the exports of Austria to Hong Kong have increased at an annualized rate of 2.46%, from $465M in 2018 to $526M in 2023.

In 2020, Austria exported services to Hong Kong worth $127M, with Other business services ($65.1M), Communications services ($12.6M), and Transportation ($11.4M) being the largest in terms of value.

Hong Kong-Austria Trade: In 2023, Hong Kong exported $922M to Austria. The main products that Hong Kong exported to Austria were Paintings ($567M), Sculptures ($258M), and Broadcasting Equipment ($12.9M). Over the past 5 years the exports of Hong Kong to Austria have increased at an annualized rate of 27.4%,  from $275M in 2018 to $922M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $526M to Hong Kong. The main products exported from Austria to Hong Kong were Paintings ($110M), Integrated Circuits ($38.3M), and Electrical Resistors ($27.6M). During the last 5 years the exports of Austria to Hong Kong have increased at an annualized rate of 2.46%, from $465M in 2018 to $526M in 2023.

In 2018, Hong Kong exported $922M to Austria. The main products exported from Hong Kong to Austria were Paintings ($567M), Sculptures ($258M), and Broadcasting Equipment ($12.9M). During the last 5 years the exports of Hong Kong to Austria have increased at an annualized rate of 27.4%, from $275M in 2023 to $922M in 2018.

Exports from Austria (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Hong Kong (Flag)

Austria Exports

Hong Kong Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Hong Kong
Top Destination
China$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Austria included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Hong Kong

Flow
Scale

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

During 2023, Austria had a large net trade with Hong Kong in the exports of Machines ($239M), Arts and Antiques ($114M), and Instruments ($48.7M).

During 2018, Hong Kong had a large net trade with Austria in the exports of Arts and Antiques ($833M), Machines ($43.9M), and Textiles ($8.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Hong Kong+$41.5MTelephones
Top Product Potential Hong Kong Austria+$19.3MTelephones

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

Product Space of Austria (Flag) and Hong Kong (Flag) (2023)

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