Austria / South Korea

Austria-South Korea Trade: In 2023, Austria exported $1.48B to South Korea. The main products that Austria exported to South Korea were Cars ($342M), Machinery Having Individual Functions ($170M), and Pig Meat ($92.7M). Over the past 5 years the exports of Austria to South Korea have decreased at an annualized rate of 3.38%, from $1.76B in 2018 to $1.48B in 2023.

In 2020, Austria exported services to South Korea worth $164M, with Other business services ($89.1M), Transportation ($30.8M), and Travel ($14.8M) being the largest in terms of value.

South Korea-Austria Trade: In 2023, South Korea exported $1.24B to Austria. The main products that South Korea exported to Austria were Cars ($320M), Paintings ($54.1M), and Medical Instruments ($52.2M). Over the past 5 years the exports of South Korea to Austria have increased at an annualized rate of 4.61%,  from $991M in 2018 to $1.24B in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).