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2022
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Exports $633MRnk 33 / 210
2022
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Top Product $97.4MPackaged Medicaments
2022
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Exports $520MRnk 43 / 217
2022
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Top Product $35.2MCarboxylic Acids
2022
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Economic Complexity (ECI) ECI 1.28Rnk 16 / 124
2022
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Economic Complexity (ECI) ECI 1.48Rnk 8 / 124
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$471BCURRENT US$
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2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Ireland-Austria In 2022, Ireland exported $633M to Austria. The main products that Ireland exported to Austria are Packaged Medicaments ($97.4M), Scented Mixtures ($63.9M), and Vaccines, blood, antisera, toxins and cultures ($58.2M). During the last 27 years the exports of Ireland to Austria have increased at an annualized rate of 2.26%, from $346M in 1995 to $633M in 2022.

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 In 2022, Austria exported $520M to Ireland. The main products that Austria exported to Ireland were Carboxylic Acids ($35.2M), Cars ($25.8M), and Micro-Organism Culture Preparations ($20.2M). During the last 27 years the exports of Austria to Ireland have increased at an annualized rate of 5.25%, from $131M in 1995 to $520M in 2022.

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 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). 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, Ireland exported €50.7M and imported €172M from Austria, resulting in a negative trade balance of €121M. Between January 2023 and January 2024 the exports of Ireland have increased by €11.9M (30.6%) from €38.9M to €50.7M, while imports increased by €145M (552%) from €26.3M to €172M.

Trade In January 2024, the top exports of Ireland to Austria were Medicinal and pharmaceutical products (€10.7M), Essential oils, perfume materials, toilet preparations... (€7.28M), Chemical materials and products, n.e.s. (€6.17M), Office machines and automatic data processing... (€3.69M), and Professional, scientific and controlling apparatus (€1.44M). In January 2024 the top imports of Ireland from Austria were Machinery specialised for particular industries (€3M), Organic chemicals (€2.59M), Unclassified estimates (€2.41M), Electrical machinery, appliances etc., n.e.s. (€2.16M), and Professional, scientific and controlling apparatus (€1.99M).

Growth In January 2024, the increase in Ireland's year-by-year exports to Austria was explained primarily by an increase in product exports in Essential oils, perfume materials, toilet preparations... (€6.56M or 920%), Chemical materials and products, n.e.s. (€5.77M or 1.41k%), and Miscellaneous manufactured articles, n.e.s. (€1.11M or 334%). In January 2024, the increase in Ireland's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Feeding stuffs for animals, excluding unmilled... (€1.53M or 895%), Machinery specialised for particular industries (€1.33M or 79.5%), and Unclassified estimates (€1.19M or 98.1%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€11.9M(30.6%)
IMPORT GROWTH (January 2023 - January 2024)€145M(552%)

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

To check Austria and Ireland trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $633M to Austria. The main products exported from Ireland to Austria were Packaged Medicaments ($97.4M), Scented Mixtures ($63.9M), and Vaccines, blood, antisera, toxins and cultures ($58.2M). During the last 27 years the exports of Ireland to Austria have increased at an annualized rate of 2.26%, from $346M in 1995 to $633M in 2022.

In 2022, Austria exported $520M to Ireland. The main products exported from Austria to Ireland were Carboxylic Acids ($35.2M), Cars ($25.8M), and Micro-Organism Culture Preparations ($20.2M). During the last 27 years the exports of Austria to Ireland have increased at an annualized rate of 5.25%, from $131M in 1995 to $520M in 2022.

Exports from Ireland (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Austria
Top DestinationGermany$57.7B

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 2021, countries that imported more from Ireland than Austria were United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

In 2021, countries that imported more from Austria than Ireland were Germany ($57.7B), Hungary ($10.4B), and Italy ($13.6B).

Difference in imports from Austria (Flag) and Ireland (Flag) (2022)

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 2022, Ireland had a large net trade with Austria in the exports of Chemical Products ($299M), Machines ($191M), and Foodstuffs ($40.1M).

During 2022, Austria had a large net trade with Ireland in the exports of Chemical Products ($123M), Machines ($116M), and Transportation ($56.1M).

Service Trade

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)

Economic Complexity

Competitive Landscape

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 Ireland has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Ireland.

Product Space of Ireland (Flag) and Austria (Flag) (2022)

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