2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Austria-Israel Trade: In 2022, Austria exported $703M to Israel. The main products that Austria exported to Israel were N/A. Over the past 5 years the exports of Austria to Israel have increased at an annualized rate of 5.69%, from $533M in 2017 to $703M in 2022.

In 2011, Austria exported services to Israel worth $260M, with Services not allocated ($168M), Transportation ($44.5M), and Communications services ($41.8M) being the largest in terms of value.

Israel-Austria Trade: In 2022, Israel exported $186M to Austria. The main products that Israel exported to Austria were Vaccines, blood, antisera, toxins and cultures ($47.2M), Nitrogen Heterocyclic Compounds ($9.7M), and Sulfonamides ($9.18M). Over the past 5 years the exports of Israel to Austria have increased at an annualized rate of 1.58%,  from $172M in 2017 to $186M in 2022.

In 2012, Israel exported services to Austria worth $10.7M, with Computer and information services ($10.7M) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $703M to Israel. There were not main exports from Austria to Israel in 2022. During the last 5 years the exports of Austria to Israel have increased at an annualized rate of 5.69%, from $533M in 2017 to $703M in 2022.

In 2017, Israel exported $186M to Austria. The main products exported from Israel to Austria were Vaccines, blood, antisera, toxins and cultures ($47.2M), Nitrogen Heterocyclic Compounds ($9.7M), and Sulfonamides ($9.18M). During the last 5 years the exports of Israel to Austria have increased at an annualized rate of 1.58%, from $172M in 2022 to $186M in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Israel (Flag)

Austria Exports

Israel Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Austria than Israel included Germany ($57.7B), Italy ($13.6B), and Switzerland ($11.2B).

In 2022, countries that imported more from Israel than Austria included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

Comparative Advantage Austria - Israel

Flow
Scale

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

During 2022, Austria had a large net trade with Israel in the exports of Chemical Products ($205M), Machines ($168M), and Paper Goods ($75.2M).

During 2017, Israel had a large net trade with Austria in the exports of Chemical Products ($73.3M), Machines ($48.6M), and Instruments ($22.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Israel+$21.7MCars
Top Product Potential Israel Austria+$14.3MTelephones

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

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

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