2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH
55%CURRENT US$
Rnk 40 / 195

About

Austria-United States Trade: In 2023, Austria exported $18.1B to United States. The main products that Austria exported to United States were Vaccines, blood, antisera, toxins and cultures ($2.47B), Cars ($1.94B), and Packaged Medicaments ($903M). Over the past 5 years the exports of Austria to United States have increased at an annualized rate of 6.62%, from $13.2B in 2018 to $18.1B in 2023.

In 2020, Austria exported services to United States worth $1.65B, with Other business services ($592M), Computer and information services ($396M), and Royalties and license fees ($234M) being the largest in terms of value.

United States-Austria Trade: In 2023, United States exported $7.98B to Austria. The main products that United States exported to Austria were Vaccines, blood, antisera, toxins and cultures ($2.33B), Cars ($691M), and Hormones ($560M). Over the past 5 years the exports of United States to Austria have increased at an annualized rate of 3.97%,  from $6.57B in 2018 to $7.98B in 2023.

In 2017, United States exported services to Austria worth $1.73B, with Travel ($616M), Financial services ($426M), and Royalties and license fees ($180M) being the largest in terms of value.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $18.1B to United States. The main products exported from Austria to United States were Vaccines, blood, antisera, toxins and cultures ($2.47B), Cars ($1.94B), and Packaged Medicaments ($903M). During the last 5 years the exports of Austria to United States have increased at an annualized rate of 6.62%, from $13.2B in 2018 to $18.1B in 2023.

In 2018, United States exported $7.98B to Austria. The main products exported from United States to Austria were Vaccines, blood, antisera, toxins and cultures ($2.33B), Cars ($691M), and Hormones ($560M). During the last 5 years the exports of United States to Austria have increased at an annualized rate of 3.97%, from $6.57B in 2023 to $7.98B in 2018.

Exports from Austria (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and United States (Flag)

Austria Exports

United States Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
United States
Top Destination
Canada$269B

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

In 2023, countries that imported more from Austria than United States included Hungary ($8.42B), Romania ($4.59B), and Slovenia ($3.61B).

In 2023, countries that imported more from United States than Austria included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - United States

Flow
Scale

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

During 2023, Austria had a large net trade with United States in the exports of Machines ($6.09B), Chemical Products ($3.8B), and Transportation ($3.03B).

During 2018, United States had a large net trade with Austria in the exports of Chemical Products ($3.7B), Machines ($1.23B), and Transportation ($996M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria United States+$701MCars
Top Product Potential United States Austria+$63.8MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Austria (Flag) and United States (Flag) (2023)

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