Turkey (TUR) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Turkey-Austria Trade: In 2023, Turkey exported $2.73B to Austria. The main products that Turkey exported to Austria were Insulated Wire ($167M), Cars ($126M), and Railway Freight Cars ($81.6M). Over the past 5 years the exports of Turkey to Austria have increased at an annualized rate of 8.34%, from $1.83B in 2018 to $2.73B in 2023.

In 2009, Turkey exported services to Austria worth $404M, with Travel ($400M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

Austria-Turkey Trade: In 2023, Austria exported $2.13B to Turkey. The main products that Austria exported to Turkey were Unprocessed Artificial Staple Fibers ($136M), Cars ($124M), and Flavored Water ($123M). Over the past 5 years the exports of Austria to Turkey have increased at an annualized rate of 6.02%, from $1.59B in 2018 to $2.13B in 2023.

In 2020, Austria exported services to Turkey worth $562M, with Other business services ($288M), Transportation ($120M), and Computer and information services ($73.1M) being the largest in terms of value.

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $2.73B to Austria. The main products exported from Turkey to Austria were Insulated Wire ($167M), Cars ($126M), and Railway Freight Cars ($81.6M). During the last 5 years the exports of Turkey to Austria have increased at an annualized rate of 8.34%, from $1.83B in 2018 to $2.73B in 2023.

In 2018, Austria exported $2.13B to Turkey. The main products exported from Austria to Turkey were Unprocessed Artificial Staple Fibers ($136M), Cars ($124M), and Flavored Water ($123M). During the last 5 years the exports of Austria to Turkey have increased at an annualized rate of 6.02%, from $1.59B in 2023 to $2.13B in 2018.

Exports from Turkey () to Austria () (2023)

Exports from Austria () to Turkey () (2023)

Latest Data

Trade between Turkey () and Austria ()

Turkey Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Turkey than Austria included United Arab Emirates ($14.7B), Iraq ($12.8B), and Russia ($10.8B).

In 2023, countries that imported more from Austria than Turkey included Germany ($51B), Switzerland ($10.9B), and Hungary ($8.42B).

Difference in imports from Austria () and Turkey () (2023)

Comparative Advantage Turkey - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Austria in the exports of Machines ($565M), Textiles ($498M), and Transportation ($433M).

During 2018, Austria had a large net trade with Turkey in the exports of Machines ($567M), Metals ($441M), and Transportation ($282M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Austria+$82.7MCars

Top Product Potential Austria Turkey+$101MCars

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

Aut Year

Tur Year

2009

2008

In 2009, Turkey exported services to Austria worth $404M, with Travel ($400M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Austria exported services to Turkey worth $562M, with Other business services ($288M), Transportation ($120M), and Computer and information services ($73.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey () to Austria () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Austria () (2023)

Exports from Austria () to Turkey () (2023)

Latest Data

Trade between Turkey () and Austria ()

Turkey Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Turkey () (2023)

Comparative Advantage Turkey - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Turkey () to Austria () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Austria () (2023)

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