2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Brazil-Austria Trade: In 2023, Brazil exported $360M to Austria. The main products that Brazil exported to Austria were Ferroalloys ($49.8M), Crude Petroleum ($37.5M), and Fruit Juice ($35M). Over the past 5 years the exports of Brazil to Austria have increased at an annualized rate of 0.094%, from $358M in 2018 to $360M in 2023.

In 2023, Brazil did not export any services to Austria.

Austria-Brazil Trade: In 2023, Austria exported $1.34B to Brazil. The main products that Austria exported to Brazil were Flavored Water ($192M), Vaccines, blood, antisera, toxins and cultures ($166M), and Packaged Medicaments ($94.7M). Over the past 5 years the exports of Austria to Brazil have increased at an annualized rate of 0.55%,  from $1.25B in 2018 to $1.34B in 2023.

In 2020, Austria exported services to Brazil worth $66.2M, with Other business services ($21.7M), Transportation ($12.6M), and Travel ($11.4M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $360M to Austria. The main products exported from Brazil to Austria were Ferroalloys ($49.8M), Crude Petroleum ($37.5M), and Fruit Juice ($35M). During the last 5 years the exports of Brazil to Austria have increased at an annualized rate of 0.094%, from $358M in 2018 to $360M in 2023.

In 2018, Austria exported $1.34B to Brazil. The main products exported from Austria to Brazil were Flavored Water ($192M), Vaccines, blood, antisera, toxins and cultures ($166M), and Packaged Medicaments ($94.7M). During the last 5 years the exports of Austria to Brazil have increased at an annualized rate of 0.55%, from $1.25B in 2023 to $1.34B in 2018.

Exports from Brazil (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Brazil than Austria included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Austria than Brazil included Germany ($51B), Switzerland ($10.9B), and Italy ($13.5B).

Difference in imports from Austria (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Austria

Flow
Scale

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

During 2023, Brazil had a large net trade with Austria in the exports of Metals ($88.6M), Mineral Products ($60.7M), and Foodstuffs ($46.1M).

During 2018, Austria had a large net trade with Brazil in the exports of Machines ($318M), Chemical Products ($300M), and Foodstuffs ($217M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Austria+$9.11MPlanes, Helicopters, and/or Spacecraft
Top Product Potential Austria Brazil+$51.4MVaccines, blood, antisera, toxins and cultures

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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Bilateral Service Trade

In 2020, Austria exported services to Brazil worth $66.2M, with Other business services ($21.7M), Transportation ($12.6M), and Travel ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Austria (Flag) (2023)

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