2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Austria-Russia In 2022, Austria exported $1.87B to Russia. The main products that Austria exported to Russia are Packaged Medicaments ($451M), Vaccines, blood, antisera, toxins and cultures ($201M), and Hydraulic Turbines ($56.1M). During the last 27 years the exports of Austria to Russia have increased at an annualized rate of 3.15%, from $809M in 1995 to $1.87B in 2022.

In 2020, Austria exported services to Russia worth $1.06B, with Transportation ($483M), Other business services ($171M), and Computer and information services ($167M) being the largest in terms of value.

Russia-Austria In 2022, Russia exported $280M to Austria. The main products that Russia exported to Austria were Crude Petroleum ($57.2M), Refined Petroleum ($53.7M), and Raw Aluminium ($21.3M). During the last 27 years the exports of Russia to Austria have decreased at an annualized rate of 1.56%, from $429M in 1995 to $280M in 2022.

In 2020, Russia exported services to Austria worth $385M, with Other business services ($182M), Transportation ($102M), and Financial services ($42.3M) being the largest in terms of value.

Comparison In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $1.87B to Russia. The main products exported from Austria to Russia were Packaged Medicaments ($451M), Vaccines, blood, antisera, toxins and cultures ($201M), and Hydraulic Turbines ($56.1M). During the last 27 years the exports of Austria to Russia have increased at an annualized rate of 3.15%, from $809M in 1995 to $1.87B in 2022.

In 2022, Russia exported $280M to Austria. The main products exported from Russia to Austria were Crude Petroleum ($57.2M), Refined Petroleum ($53.7M), and Raw Aluminium ($21.3M). During the last 27 years the exports of Russia to Austria have decreased at an annualized rate of 1.56%, from $429M in 1995 to $280M in 2022.

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

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

Latest Data

Trade between Austria (Flag) and Russia (Flag)

Austria Exports

Russia Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Russia
Top Destination
China$101B

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

In 2021, countries that imported more from Austria than Russia were Germany ($57.7B), Switzerland ($11.2B), and Slovenia ($4.92B).

In 2021, countries that imported more from Russia than Austria were China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Austria - Russia

Flow
Scale

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

During 2022, Austria had a large net trade with Russia in the exports of Chemical Products ($718M), Machines ($490M), and Foodstuffs ($231M).

During 2022, Russia had a large net trade with Austria in the exports of Mineral Products ($147M), Metals ($49.2M), and Machines ($15.7M).

Service Trade

Bilateral Service Trade

In 2020, Austria exported services to Russia worth $1.06B, with Transportation ($483M), Other business services ($171M), and Computer and information services ($167M) being the largest in terms of value.

In 2020, Russia exported services to Austria worth $385M, with Other business services ($182M), Transportation ($102M), and Financial services ($42.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Austria has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Austria.

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

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