Mexico (MEX) and Austria (AUT) Trade | The Observatory of Economic Complexity

About

Mexico-Austria Trade: In 2022, Mexico exported $132M to Austria. The main products that Mexico exported to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($15.1M), Seats ($11.8M), and Other Measuring Instruments ($8.68M). Over the past 5 years the exports of Mexico to Austria have decreased at an annualized rate of 22%, from $455M in 2017 to $132M in 2022.

In 2022, Mexico did not export any services to Austria.

Austria-Mexico Trade: In 2022, Austria exported $1.72B to Mexico. The main products that Austria exported to Mexico were Spark-Ignition Engines ($279M), Engine Parts ($86.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($86.1M). Over the past 5 years the exports of Austria to Mexico have increased at an annualized rate of 5.35%, from $1.32B in 2017 to $1.72B in 2022.

In 2020, Austria exported services to Mexico worth $132M, with Other business services ($61.7M), Royalties and license fees ($26.3M), and Transportation ($18.3M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $132M to Austria. The main products exported from Mexico to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($15.1M), Seats ($11.8M), and Other Measuring Instruments ($8.68M). During the last 5 years the exports of Mexico to Austria have decreased at an annualized rate of 22%, from $455M in 2017 to $132M in 2022.

In 2017, Austria exported $1.72B to Mexico. The main products exported from Austria to Mexico were Spark-Ignition Engines ($279M), Engine Parts ($86.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($86.1M). During the last 5 years the exports of Austria to Mexico have increased at an annualized rate of 5.35%, from $1.32B in 2022 to $1.72B in 2017.

Exports from Mexico () to Austria () (2022)

Exports from Austria () to Mexico () (2022)

Latest Data

Trade between Mexico () and Austria ()

Mexico Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Mexico than Austria included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Austria than Mexico included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria () and Mexico () (2022)

Comparative Advantage Mexico - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Austria in the exports of Machines ($46.3M), Instruments ($21.7M), and Transportation ($15.5M).

During 2017, Austria had a large net trade with Mexico in the exports of Machines ($921M), Metals ($281M), and Transportation ($161M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Austria+$39MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Austria Mexico+$83.6MMotor vehicles; parts and accessories (8701 to 8705)

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Aut Year

In 2020, Austria exported services to Mexico worth $132M, with Other business services ($61.7M), Royalties and license fees ($26.3M), and Transportation ($18.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Austria () (2022)

Exports from Austria () to Mexico () (2022)

Latest Data

Trade between Mexico () and Austria ()

Mexico Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Mexico () (2022)

Comparative Advantage Mexico - Austria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Austria () (2022)

Keep Exploring