Finland (FIN) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Finland-Austria Trade: In 2023, Finland exported $626M to Austria. The main products that Finland exported to Austria were Sawn Wood ($48.1M), Excavation Machinery ($33.2M), and Kaolin Coated Paper ($29.9M). Over the past 5 years the exports of Finland to Austria have increased at an annualized rate of 0.58%, from $608M in 2018 to $626M in 2023.

In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

Austria-Finland Trade: In 2023, Austria exported $869M to Finland. The main products that Austria exported to Finland were Chemically Pure Sugars ($69.2M), Vaccines, blood, antisera, toxins and cultures ($58.5M), and Packaged Medicaments ($56.1M). Over the past 5 years the exports of Austria to Finland have increased at an annualized rate of 3.49%, from $732M in 2018 to $869M in 2023.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $626M to Austria. The main products exported from Finland to Austria were Sawn Wood ($48.1M), Excavation Machinery ($33.2M), and Kaolin Coated Paper ($29.9M). During the last 5 years the exports of Finland to Austria have increased at an annualized rate of 0.58%, from $608M in 2018 to $626M in 2023.

In 2018, Austria exported $869M to Finland. The main products exported from Austria to Finland were Chemically Pure Sugars ($69.2M), Vaccines, blood, antisera, toxins and cultures ($58.5M), and Packaged Medicaments ($56.1M). During the last 5 years the exports of Austria to Finland have increased at an annualized rate of 3.49%, from $732M in 2023 to $869M in 2018.

Exports from Finland () to Austria () (2023)

Exports from Austria () to Finland () (2023)

Latest Data

Trade between Finland () and Austria ()

Finland Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Finland than Austria included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

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

Difference in imports from Austria () and Finland () (2023)

Comparative Advantage Finland - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Austria in the exports of Machines ($237M), Metals ($82.8M), and Wood Products ($69.7M).

During 2018, Austria had a large net trade with Finland in the exports of Machines ($282M), Chemical Products ($215M), and Metals ($76.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Austria+$16.3MRefined Petroleum

Top Product Potential Austria Finland+$19.8MCars

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

Fin Year

In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Austria () (2023)

Exports from Austria () to Finland () (2023)

Latest Data

Trade between Finland () and Austria ()

Finland Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Finland () (2023)

Comparative Advantage Finland - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Finland () and Austria () (2023)

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