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
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 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
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

Austria-Saudi Arabia Trade: In 2022, Austria exported $502M to Saudi Arabia. The main products that Austria exported to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($63.9M), Hot-Rolled Iron ($29.9M), and Light Fixtures ($28.8M). Over the past 5 years the exports of Austria to Saudi Arabia have decreased at an annualized rate of 2.52%, from $571M in 2017 to $502M in 2022.

In 2022, Austria did not export any services to Saudi Arabia.

Saudi Arabia-Austria Trade: In 2022, Saudi Arabia exported $117M to Austria. The main products that Saudi Arabia exported to Austria were Aluminium Cans ($54.2M), Refined Petroleum ($43.4M), and Cars ($4.65M). Over the past 5 years the exports of Saudi Arabia to Austria have increased at an annualized rate of 10.1%,  from $72M in 2017 to $117M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $502M to Saudi Arabia. The main products exported from Austria to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($63.9M), Hot-Rolled Iron ($29.9M), and Light Fixtures ($28.8M). During the last 5 years the exports of Austria to Saudi Arabia have decreased at an annualized rate of 2.52%, from $571M in 2017 to $502M in 2022.

In 2017, Saudi Arabia exported $117M to Austria. The main products exported from Saudi Arabia to Austria were Aluminium Cans ($54.2M), Refined Petroleum ($43.4M), and Cars ($4.65M). During the last 5 years the exports of Saudi Arabia to Austria have increased at an annualized rate of 10.1%, from $72M in 2022 to $117M in 2017.

Exports from Austria (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Saudi Arabia (Flag)

Austria Exports

Saudi Arabia Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Austria than Saudi Arabia included Germany ($57.7B), Switzerland ($11.2B), and Hungary ($10.4B).

In 2022, countries that imported more from Saudi Arabia than Austria included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Saudi Arabia

Flow
Scale

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

During 2022, Austria had a large net trade with Saudi Arabia in the exports of Machines ($127M), Chemical Products ($98.6M), and Metals ($59.8M).

During 2017, Saudi Arabia had a large net trade with Austria in the exports of Metals ($60.9M), Mineral Products ($43.4M), and Transportation ($6.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Saudi Arabia+$40MCars
Top Product Potential Saudi Arabia Austria+$62.2MRefined Petroleum

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

Product Space of Austria (Flag) and Saudi Arabia (Flag) (2022)

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