2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 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

Israel-Austria Trade: In 2023, Israel exported $357M to Austria. The main products that Israel exported to Austria were Vaccines, blood, antisera, toxins and cultures ($101M), Crude Petroleum ($40.7M), and Other Measuring Instruments ($18.6M). Over the past 5 years the exports of Israel to Austria have increased at an annualized rate of 9.95%, from $222M in 2018 to $357M in 2023.

In 2012, Israel exported services to Austria worth $10.7M, with Computer and information services ($10.7M) being the largest in terms of value.

Austria-Israel Trade: In 2023, Austria exported $492M to Israel. The main products that Austria exported to Israel were Delivery Trucks ($36.7M), Packaged Medicaments ($26.8M), and Metal Mountings ($19.5M). Over the past 5 years the exports of Austria to Israel have increased at an annualized rate of 2.8%,  from $428M in 2018 to $492M in 2023.

In 2011, Austria exported services to Israel worth $260M, with Services not allocated ($168M), Transportation ($44.5M), and Communications services ($41.8M) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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
Value

In 2023, Israel exported $357M to Austria. The main products exported from Israel to Austria were Vaccines, blood, antisera, toxins and cultures ($101M), Crude Petroleum ($40.7M), and Other Measuring Instruments ($18.6M). During the last 5 years the exports of Israel to Austria have increased at an annualized rate of 9.95%, from $222M in 2018 to $357M in 2023.

In 2018, Austria exported $492M to Israel. The main products exported from Austria to Israel were Delivery Trucks ($36.7M), Packaged Medicaments ($26.8M), and Metal Mountings ($19.5M). During the last 5 years the exports of Austria to Israel have increased at an annualized rate of 2.8%, from $428M in 2023 to $492M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Austria (Flag)

Israel Exports

Austria Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Israel than Austria included Ireland ($4.22B), United States ($20.3B), and Hong Kong ($2.46B).

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

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

Comparative Advantage Israel - Austria

Flow
Scale

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

During 2023, Israel had a large net trade with Austria in the exports of Chemical Products ($119M), Machines ($70.8M), and Instruments ($55.9M).

During 2018, Austria had a large net trade with Israel in the exports of Machines ($130M), Chemical Products ($69.4M), and Transportation ($65.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Austria+$14.3MTelephones
Top Product Potential Austria Israel+$21.7MCars

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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Economic Complexity

Competitive Landscape

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

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

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