Italy / Austria

Italy-Austria Trade: In 2022, Italy exported $15B to Austria. The main products that Italy exported to Austria were Refined Petroleum ($754M), Motor vehicles; parts and accessories (8701 to 8705) ($469M), and Vaccines, blood, antisera, toxins and cultures ($443M). Over the past 5 years the exports of Italy to Austria have increased at an annualized rate of 7.23%, from $10.6B in 2017 to $15B in 2022.

In 2020, Italy exported services to Austria worth $2.17B, with Travel ($1.29B), Other business services ($249M), and Computer and information services ($237M) being the largest in terms of value.

Austria-Italy Trade: In 2022, Austria exported $13.6B to Italy. The main products that Austria exported to Italy were Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). Over the past 5 years the exports of Austria to Italy have increased at an annualized rate of 3.73%,  from $10.2B in 2017 to $13.6B in 2022.

In 2020, Austria exported services to Italy worth $2.73B, with Transportation ($1.5B), Other business services ($476M), and Travel ($400M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).