China (CHN) and Austria (AUT) Trade | The Observatory of Economic Complexity

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China (CHN) and Austria (AUT) Trade

2022

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Exports $7.13BRnk 64 / 211

2022

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About

China-Austria Trade: In 2022, China exported $7.13B to Austria. The main products that China exported to Austria were Broadcasting Equipment ($674M), Computers ($287M), and Electrical Transformers ($268M). Over the past 5 years the exports of China to Austria have increased at an annualized rate of 4.34%, from $5.77B in 2017 to $7.13B in 2022.

In 2022, China did not export any services to Austria.

Austria-China Trade: In 2022, Austria exported $5.34B to China. The main products that Austria exported to China were Cars ($710M), Machinery Having Individual Functions ($583M), and Unprocessed Artificial Staple Fibers ($277M). Over the past 5 years the exports of Austria to China have increased at an annualized rate of 3.21%, from $4.28B in 2017 to $5.34B in 2022.

In 2020, Austria exported services to China worth $541M, with Other business services ($263M), Transportation ($117M), and Travel ($54.8M) being the largest in terms of value.

Comparison: In 2022, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $335M and imported $755M from Austria, resulting in a negative trade balance of $420M. Between October 2023 and October 2024 the exports of China have increased by $14.4M (4.5%) from $321M to $335M, while imports increased by $100M (15.3%) from $655M to $755M.

Trade In October 2024, the top exports of China to Austria were Telephones ($31.4M), Computers ($24.3M), Nitrogen Heterocyclic Compounds ($21.3M), Electric Batteries ($18.6M), and Electrical Transformers ($15.9M). In October 2024 the top imports of China from Austria were Cars ($64M), Machines and apparatus of a kind... ($41.2M), Motor vehicles; parts and accessories (8701... ($21.1M), Semiconductor Devices ($20.8M), and Unprocessed Artificial Staple Fibers ($16.3M).

Origins In October 2024 the exports of China were mainly from Guangdong Province ($98.1M), Jiangsu Province ($47.2M), Zhejiang Province ($44.6M), Shanghai Province ($28.1M), and Beijing ($22.4M), while imports destinations were mainly Shanghai Province ($158M), Jiangsu Province ($145M), Beijing ($140M), Guangdong Province ($81.8M), and Tianjin ($50.1M).

Growth In October 2024, the increase in China's year-by-year exports to Austria was explained primarily by an increase in product exports in Nitrogen Heterocyclic Compounds ($20.3M or 2.25k%), Electrical Control Boards ($14.7M or 1.32k%), and Electric Batteries ($13.3M or 253%). In October 2024, the increase in China's year-by-year imports from Austria was explained primarily by an increase in product imports in Iron Pipes ($8.77M or 3.74k%), Delivery Trucks ($5.82M or 3.86k%), and Machinery Having Individual Functions ($5.72M or 103%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$14.4M(4.5%)

IMPORT GROWTH (October 2023 - October 2024)$100M(15.3%)

MAIN EXPORTER (October 2024)Guangdong Province$98.1M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Austria and China trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, China exported $7.13B to Austria. The main products exported from China to Austria were Broadcasting Equipment ($674M), Computers ($287M), and Electrical Transformers ($268M). During the last 5 years the exports of China to Austria have increased at an annualized rate of 4.34%, from $5.77B in 2017 to $7.13B in 2022.

In 2017, Austria exported $5.34B to China. The main products exported from Austria to China were Cars ($710M), Machinery Having Individual Functions ($583M), and Unprocessed Artificial Staple Fibers ($277M). During the last 5 years the exports of Austria to China have increased at an annualized rate of 3.21%, from $4.28B in 2022 to $5.34B in 2017.

Exports from China () to Austria () (2022)

Exports from Austria () to China () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationUnited States$551B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from China than Austria included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Austria than China included Slovakia ($7.4B), Croatia ($2.14B), and San Marino ($13.8M).

Difference in imports from Austria () and China () (2022)

Comparative Advantage China - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, China had a large net trade with Austria in the exports of Machines ($3.89B), Miscellaneous ($572M), and Chemical Products ($520M).

During 2017, Austria had a large net trade with China in the exports of Machines ($2.17B), Transportation ($870M), and Metals ($559M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential China Austria+$519MTelephones

Top Product Potential Austria China+$363MCars

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

Aut Year

In 2020, Austria exported services to China worth $541M, with Other business services ($263M), Transportation ($117M), and Travel ($54.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to China () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of China () and Austria () (2022)

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