Austria (AUT) and Lesotho (LSO) Trade | The Observatory of Economic Complexity

About

Austria-Lesotho Trade: In 2022, Austria exported $279k to Lesotho. The main products that Austria exported to Lesotho were Packaged Medicaments ($103k), Used Rubber Tires ($18k), and Other Heating Machinery ($14.4k). Over the past 5 years the exports of Austria to Lesotho have increased at an annualized rate of 32.4%, from $68.4k in 2017 to $279k in 2022.

In 2022, Austria did not export any services to Lesotho.

Lesotho-Austria Trade: In 2022, Lesotho exported $811 to Austria. The main products that Lesotho exported to Austria were Knit Sweaters ($377), Knit Women's Suits ($157), and Knit Men's Shirts ($136). Over the past 5 years the exports of Lesotho to Austria have decreased at an annualized rate of 42.4%, from $12.8k in 2017 to $811 in 2022.

In 2022, Lesotho did not export any services to Austria.

Comparison In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $279k to Lesotho. The main products exported from Austria to Lesotho were Packaged Medicaments ($103k), Used Rubber Tires ($18k), and Other Heating Machinery ($14.4k). During the last 5 years the exports of Austria to Lesotho have increased at an annualized rate of 32.4%, from $68.4k in 2017 to $279k in 2022.

In 2017, Lesotho exported $811 to Austria. The main products exported from Lesotho to Austria were Knit Sweaters ($377), Knit Women's Suits ($157), and Knit Men's Shirts ($136). During the last 5 years the exports of Lesotho to Austria have decreased at an annualized rate of 42.4%, from $12.8k in 2022 to $811 in 2017.

Exports from Austria () to Lesotho () (2022)

Exports from Lesotho () to Austria () (2022)

Latest Data

Trade between Austria () and Lesotho ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Lesotho
Top DestinationSouth Africa$434M

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

In 2022, countries that imported more from Austria than Lesotho included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Lesotho than Austria included Eswatini ($11.3M).

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

Comparative Advantage Austria - Lesotho

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Lesotho in the exports of Chemical Products ($134k), Machines ($54.6k), and Instruments ($43.9k).

During 2017, Lesotho had a large net trade with Austria in the exports of Textiles ($807), Chemical Products ($3), and Machines ($1).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Lesotho+$26.8kElectrical Transformers

Top Product Potential Lesotho Austria+$7.94kKnit Sweaters

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Lesotho () (2022)

Exports from Lesotho () to Austria () (2022)

Latest Data

Trade between Austria () and Lesotho ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Austria - Lesotho

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring