2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 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

Ireland-Austria Trade: In 2023, Ireland exported $794M to Austria. The main products that Ireland exported to Austria were Packaged Medicaments ($213M), Scented Mixtures ($78.3M), and Vaccines, blood, antisera, toxins and cultures ($59.3M). Over the past 5 years the exports of Ireland to Austria have increased at an annualized rate of 5.64%, from $604M in 2018 to $794M in 2023.

In 2020, Ireland exported services to Austria worth $200M, with Other business services ($103M), Financial services ($30.8M), and Transportation ($29.7M) being the largest in terms of value.

Austria-Ireland Trade: In 2023, Austria exported $1.25B to Ireland. The main products that Austria exported to Ireland were Nitrogen Heterocyclic Compounds ($769M), Carboxylic Acids ($52M), and Vaccines, blood, antisera, toxins and cultures ($38.1M). Over the past 5 years the exports of Austria to Ireland have increased at an annualized rate of 24.8%,  from $414M in 2018 to $1.25B in 2023.

In 2020, Austria exported services to Ireland worth $1.1B, with Other business services ($379M), Computer and information services ($275M), and Transportation ($169M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $794M to Austria. The main products exported from Ireland to Austria were Packaged Medicaments ($213M), Scented Mixtures ($78.3M), and Vaccines, blood, antisera, toxins and cultures ($59.3M). During the last 5 years the exports of Ireland to Austria have increased at an annualized rate of 5.64%, from $604M in 2018 to $794M in 2023.

In 2018, Austria exported $1.25B to Ireland. The main products exported from Austria to Ireland were Nitrogen Heterocyclic Compounds ($769M), Carboxylic Acids ($52M), and Vaccines, blood, antisera, toxins and cultures ($38.1M). During the last 5 years the exports of Austria to Ireland have increased at an annualized rate of 24.8%, from $414M in 2023 to $1.25B in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Ireland than Austria included United States ($67.4B), United Kingdom ($20.5B), and China ($18B).

In 2023, countries that imported more from Austria than Ireland included Germany ($51B), Hungary ($8.42B), and Italy ($13.5B).

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

Comparative Advantage Ireland - Austria

Flow
Scale

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

During 2023, Ireland had a large net trade with Austria in the exports of Chemical Products ($466M), Machines ($111M), and Instruments ($73.1M).

During 2018, Austria had a large net trade with Ireland in the exports of Chemical Products ($903M), Machines ($113M), and Foodstuffs ($51.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Austria+$67.4MPackaged Medicaments
Top Product Potential Austria Ireland+$27.9MCars

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, Ireland exported services to Austria worth $200M, with Other business services ($103M), Financial services ($30.8M), and Transportation ($29.7M) being the largest in terms of value.

In 2020, Austria exported services to Ireland worth $1.1B, with Other business services ($379M), Computer and information services ($275M), and Transportation ($169M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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