Greece (GRC) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Greece-Austria Trade: In 2023, Greece exported $577M to Austria. The main products that Greece exported to Austria were Packaged Medicaments ($189M), Cheese ($39.8M), and Utility Meters ($30.7M). Over the past 5 years the exports of Greece to Austria have increased at an annualized rate of 11.7%, from $332M in 2018 to $577M in 2023.

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) being the largest in terms of value.

Austria-Greece Trade: In 2023, Austria exported $844M to Greece. The main products that Austria exported to Greece were Cheese ($46.7M), Electrical Transformers ($45.6M), and Hot-Rolled Iron ($43M). Over the past 5 years the exports of Austria to Greece have increased at an annualized rate of 7.9%, from $577M in 2018 to $844M in 2023.

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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, Greece exported $577M to Austria. The main products exported from Greece to Austria were Packaged Medicaments ($189M), Cheese ($39.8M), and Utility Meters ($30.7M). During the last 5 years the exports of Greece to Austria have increased at an annualized rate of 11.7%, from $332M in 2018 to $577M in 2023.

In 2018, Austria exported $844M to Greece. The main products exported from Austria to Greece were Cheese ($46.7M), Electrical Transformers ($45.6M), and Hot-Rolled Iron ($43M). During the last 5 years the exports of Austria to Greece have increased at an annualized rate of 7.9%, from $577M in 2023 to $844M in 2018.

Exports from Greece () to Austria () (2023)

Exports from Austria () to Greece () (2023)

Latest Data

Trade between Greece () and Austria ()

Greece Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Greece than Austria included Cyprus ($3.03B), Lebanon ($1.78B), and Libya ($1.71B).

In 2023, countries that imported more from Austria than Greece included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

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

Comparative Advantage Greece - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Austria in the exports of Chemical Products ($206M), Instruments ($64.4M), and Metals ($62M).

During 2018, Austria had a large net trade with Greece in the exports of Machines ($199M), Metals ($92.9M), and Animal Products ($78.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Austria+$23.9MPackaged Medicaments

Top Product Potential Austria Greece+$20.2MPackaged Medicaments

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

Grc Year

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) being the largest in terms of value.

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Austria () (2023)

Exports from Austria () to Greece () (2023)

Latest Data

Trade between Greece () and Austria ()

Greece Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Greece - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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