Spain (ESP) and Austria (AUT) Trade

2022

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Exports $2.87BRnk 23 / 218

2022

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About

Spain-Austria Trade: In 2022, Spain exported $2.87B to Austria. The main products that Spain exported to Austria were Cars ($553M), Antibiotics ($123M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). Over the past 5 years the exports of Spain to Austria have increased at an annualized rate of 1.36%, from $2.68B in 2017 to $2.87B in 2022.

In 2009, Spain exported services to Austria worth $1.41B, with Services not allocated ($800M), Travel ($529M), and Transportation ($86.4M) being the largest in terms of value.

Austria-Spain Trade: In 2022, Austria exported $3.03B to Spain. The main products that Austria exported to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($117M), Flavored Water ($79.6M), and Motorcycles and cycles ($76.2M). Over the past 5 years the exports of Austria to Spain have increased at an annualized rate of 2.5%, from $2.68B in 2017 to $3.03B in 2022.

In 2020, Austria exported services to Spain worth $543M, with Transportation ($234M), Other business services ($144M), and Travel ($57.1M) being the largest in terms of value.

Comparison: In 2022, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €162M and imported €199M from Austria, resulting in a negative trade balance of €37.4M. Between August 2023 and August 2024 the exports of Spain have increased by €2.07M (1.3%) from €160M to €162M, while imports increased by €920k (0.46%) from €198M to €199M.

Trade In August 2024, the top exports of Spain to Austria were Cars (€50.5M), Antibiotics (€13.6M), Citrus (€8.79M), Packaged Medicaments (€7.98M), and Motor vehicles; parts and accessories (8701... (€7.45M). In August 2024 the top imports of Spain from Austria were Motor vehicles; parts and accessories (8701... (€16.3M), Flavored Water (€11.7M), Nucleic Acids (€7.59M), Motorcycles and cycles (€7.27M), and Excavation Machinery (€6.5M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€56.3M), A Coruña (€9.21M), Álava (€8.54M), Madrid (€8.3M), and Murcia (€6.8M), while imports destinations were mainly Madrid (€56.7M), Barcelona (€37.1M), Valencia (€23.8M), Toledo (€6.38M), and Vizcaya (€5.1M).

Growth In August 2024, the increase in Spain's year-by-year exports to Austria was explained primarily by an increase in product exports in Cars (€15.1M or 42.6%), Antibiotics (€2.95M or 27.6%), and Stainless Steel Ingots (€2.74M or 105%). In August 2024, the increase in Spain's year-by-year imports from Austria was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701... (€8.15M or 99.5%), Flavored Water (€7.81M or 201%), and Planes, Helicopters, and/or Spacecraft (€4.24M or 2.2k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)€2.07M(1.3%)

IMPORT GROWTH (August 2023 - August 2024)€920k(0.46%)

MAIN EXPORTER (August 2024)Barcelona€56.3M

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

To check Austria and Spain 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, Spain exported $2.87B to Austria. The main products exported from Spain to Austria were Cars ($553M), Antibiotics ($123M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). During the last 5 years the exports of Spain to Austria have increased at an annualized rate of 1.36%, from $2.68B in 2017 to $2.87B in 2022.

In 2017, Austria exported $3.03B to Spain. The main products exported from Austria to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($117M), Flavored Water ($79.6M), and Motorcycles and cycles ($76.2M). During the last 5 years the exports of Austria to Spain have increased at an annualized rate of 2.5%, from $2.68B in 2022 to $3.03B in 2017.

Exports from Spain () to Austria () (2022)

Exports from Austria () to Spain () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Spain
Top DestinationFrance$65.2B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Spain than Austria included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Austria than Spain included Germany ($57.7B), Hungary ($10.4B), and Slovakia ($7.4B).

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

Comparative Advantage Spain - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Spain had a large net trade with Austria in the exports of Transportation ($815M), Chemical Products ($382M), and Machines ($350M).

During 2017, Austria had a large net trade with Spain in the exports of Machines ($810M), Metals ($455M), and Transportation ($382M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Spain Austria+$146MCars

Top Product Potential Austria Spain+$87.1MMotor 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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Bilateral Service Trade

Aut Year

Esp Year

In 2009, Spain exported services to Austria worth $1.41B, with Services not allocated ($800M), Travel ($529M), and Transportation ($86.4M) being the largest in terms of value.

In 2020, Austria exported services to Spain worth $543M, with Transportation ($234M), Other business services ($144M), and Travel ($57.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain () to Austria () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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