2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Austria-Portugal Trade: In 2022, Austria exported $585M to Portugal. The main products that Austria exported to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). Over the past 5 years the exports of Austria to Portugal have increased at an annualized rate of 4.89%, from $461M in 2017 to $585M in 2022.

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

Portugal-Austria Trade: In 2022, Portugal exported $480M to Austria. The main products that Portugal exported to Austria were Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). Over the past 5 years the exports of Portugal to Austria have increased at an annualized rate of 0.38%,  from $471M in 2017 to $480M in 2022.

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $585M to Portugal. The main products exported from Austria to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). During the last 5 years the exports of Austria to Portugal have increased at an annualized rate of 4.89%, from $461M in 2017 to $585M in 2022.

In 2017, Portugal exported $480M to Austria. The main products exported from Portugal to Austria were Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). During the last 5 years the exports of Portugal to Austria have increased at an annualized rate of 0.38%, from $471M in 2022 to $480M in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Portugal (Flag)

Austria Exports

Portugal Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Portugal
Top Destination
Spain$20.5B

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

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

In 2022, countries that imported more from Portugal than Austria included Spain ($20.5B), Angola ($1.59B), and France ($9.49B).

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

Comparative Advantage Austria - Portugal

Flow
Scale

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

During 2022, Austria had a large net trade with Portugal in the exports of Machines ($133M), Chemical Products ($76.2M), and Metals ($72.7M).

During 2017, Portugal had a large net trade with Austria in the exports of Transportation ($114M), Machines ($88.2M), and Metals ($52.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Portugal+$20.5MCars
Top Product Potential Portugal Austria+$41MCars

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

Bilateral Service Trade

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Austria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with