United Kingdom (GBR) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Pricing

United Kingdom (GBR) and Austria (AUT) Trade

2022

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Exports $4.02BRnk 25 / 224

2022

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About

United Kingdom-Austria In 2022, United Kingdom exported $4.02B to Austria. The main products that United Kingdom exported to Austria are Gold ($2.08B), Cars ($173M), and Crude Petroleum ($135M). During the last 27 years the exports of United Kingdom to Austria have increased at an annualized rate of 3.09%, from $1.77B in 1995 to $4.02B in 2022.

In 2019, United Kingdom exported services to Austria worth $1.32B, with Other business services ($388M), Transportation ($286M), and Travel ($267M) being the largest in terms of value.

Austria-United Kingdom In 2022, Austria exported $5.38B to United Kingdom. The main products that Austria exported to United Kingdom were Gold ($632M), Cars ($516M), and Motor vehicles; parts and accessories (8701 to 8705) ($135M). During the last 27 years the exports of Austria to United Kingdom have increased at an annualized rate of 4.29%, from $1.73B in 1995 to $5.38B in 2022.

In 2020, Austria exported services to United Kingdom worth $3.07B, with Transportation ($1.13B), Other business services ($760M), and Travel ($388M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £131M and imported £361M from Austria, resulting in a negative trade balance of £229M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £731k (0.56%) from £131M to £131M, while imports increased by £77.4M (27.3%) from £283M to £361M.

Trade In January 2024, the top exports of United Kingdom to Austria were Cars (£21.7M), Packaged Medicaments (£8.96M), Machines and apparatus of a kind... (£8.08M), Combustion Engines (£4.51M), and Motor vehicles; parts and accessories (8701... (£4.16M). In January 2024 the top imports of United Kingdom from Austria were Gold (£12.9M), Planes, Helicopters, and/or Spacecraft (£8.71M), Electrical Lighting and Signalling Equipment (£7.36M), Motor vehicles; parts and accessories (8701... (£7.01M), and Electrical Transformers (£6.58M).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£71.1M), Killingholme (£18.7M), Dover (£7.4M), East Midlands Airport (£7.22M), and Purfleet (£3.75M), while imports destinations were mainly Dover (£86.5M), Immingham (£45.1M), Eurotunnel (£36.2M), Hull (£32.6M), and Killingholme (£23.8M).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Austria was explained primarily by an increase in product exports in Cars (£13.1M or 152%), Machines and apparatus of a kind... (£8.05M or 28.3k%), and Packaged Medicaments (£3.07M or 52.2%). In January 2024, the increase in United Kingdom's year-by-year imports from Austria was explained primarily by an increase in product imports in Planes, Helicopters, and/or Spacecraft (£8.7M or 357k%), Electrical Lighting and Signalling Equipment (£4.6M or 167%), and Packaged Medicaments (£2.81M or 86.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£731k(0.56%)

IMPORT GROWTH (January 2023 - January 2024)£77.4M(27.3%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£71.1M

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

To check Austria and United Kingdom 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, United Kingdom exported $4.02B to Austria. The main products exported from United Kingdom to Austria were Gold ($2.08B), Cars ($173M), and Crude Petroleum ($135M). During the last 27 years the exports of United Kingdom to Austria have increased at an annualized rate of 3.09%, from $1.77B in 1995 to $4.02B in 2022.

In 2022, Austria exported $5.38B to United Kingdom. The main products exported from Austria to United Kingdom were Gold ($632M), Cars ($516M), and Motor vehicles; parts and accessories (8701 to 8705) ($135M). During the last 27 years the exports of Austria to United Kingdom have increased at an annualized rate of 4.29%, from $1.73B in 1995 to $5.38B in 2022.

Exports from United Kingdom () to Austria () (2022)

Exports from Austria () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Austria
Top DestinationGermany$57.7B

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

In 2021, countries that imported more from United Kingdom than Austria were United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

In 2021, countries that imported more from Austria than United Kingdom were Germany ($57.7B), Hungary ($10.4B), and Slovakia ($7.4B).

Difference in imports from Austria () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Austria in the exports of Precious Metals ($2.13B), Machines ($486M), and Transportation ($310M).

During 2022, Austria had a large net trade with United Kingdom in the exports of Machines ($1.36B), Transportation ($1.16B), and Precious Metals ($662M).

Service Trade

Bilateral Service Trade

Aut Year

Gbr Year

In 2019, United Kingdom exported services to Austria worth $1.32B, with Other business services ($388M), Transportation ($286M), and Travel ($267M) being the largest in terms of value.

In 2020, Austria exported services to United Kingdom worth $3.07B, with Transportation ($1.13B), Other business services ($760M), and Travel ($388M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Austria () (2019)

Services Exports from Austria () to United Kingdom () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Austria () (2022)

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