2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 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

Germany-Austria Trade: In 2023, Germany exported $71.6B to Austria. The main products that Germany exported to Austria were Cars ($4.74B), Refined Petroleum ($3.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($2.14B). Over the past 5 years the exports of Germany to Austria have increased at an annualized rate of 1.28%, from $67.2B in 2018 to $71.6B in 2023.

In 2020, Germany exported services to Austria worth $9.09B, with Other business services ($3.19B), Travel ($1.49B), and Transportation ($1.31B) being the largest in terms of value.

Austria-Germany Trade: In 2023, Austria exported $51B to Germany. The main products that Austria exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.8B), Vaccines, blood, antisera, toxins and cultures ($1.84B), and Spark-Ignition Engines ($1.42B). Over the past 5 years the exports of Austria to Germany have increased at an annualized rate of 2%,  from $46.2B in 2018 to $51B in 2023.

In 2020, Austria exported services to Germany worth $24.4B, with Travel ($6.89B), Other business services ($6.71B), and Transportation ($5.18B) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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, Germany exported $71.6B to Austria. The main products exported from Germany to Austria were Cars ($4.74B), Refined Petroleum ($3.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($2.14B). During the last 5 years the exports of Germany to Austria have increased at an annualized rate of 1.28%, from $67.2B in 2018 to $71.6B in 2023.

In 2018, Austria exported $51B to Germany. The main products exported from Austria to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.8B), Vaccines, blood, antisera, toxins and cultures ($1.84B), and Spark-Ignition Engines ($1.42B). During the last 5 years the exports of Austria to Germany have increased at an annualized rate of 2%, from $46.2B in 2023 to $51B in 2018.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Germany than Austria included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Austria than Germany included Mali ($181M), British Virgin Islands ($31.3M), and Dominica ($11.4M).

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

Comparative Advantage Germany - Austria

Flow
Scale

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

During 2023, Germany had a large net trade with Austria in the exports of Machines ($17.7B), Transportation ($9.6B), and Metals ($8.74B).

During 2018, Austria had a large net trade with Germany in the exports of Machines ($14.1B), Metals ($8.37B), and Transportation ($6.29B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Austria+$941MCars
Top Product Potential Austria Germany+$967MCars

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, Germany exported services to Austria worth $9.09B, with Other business services ($3.19B), Travel ($1.49B), and Transportation ($1.31B) being the largest in terms of value.

In 2020, Austria exported services to Germany worth $24.4B, with Travel ($6.89B), Other business services ($6.71B), and Transportation ($5.18B) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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