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2022
Flag → Flag
Exports $833MRnk 17 / 191
2022
Flag → Flag
Top Product $410MIron Ore
2022
Flag → Flag
Exports $546MRnk 42 / 217
2022
Flag → Flag
Top Product $77.9MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Ukraine-Austria Trade: In 2022, Ukraine exported $833M to Austria. The main products that Ukraine exported to Austria were Iron Ore ($410M), Veneer Sheets ($80.2M), and Sports Equipment ($42.5M). Over the past 5 years the exports of Ukraine to Austria have increased at an annualized rate of 8.08%, from $565M in 2017 to $833M in 2022.

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

Austria-Ukraine Trade: In 2022, Austria exported $546M to Ukraine. The main products that Austria exported to Ukraine were Petroleum Gas ($77.9M), Sunflower Seeds ($25.8M), and Packaged Medicaments ($24.9M). Over the past 5 years the exports of Austria to Ukraine have decreased at an annualized rate of 0.21%,  from $563M in 2017 to $546M in 2022.

In 2011, Austria exported services to Ukraine worth $40.4M, with Construction services ($16.7M), Insurance services ($13.9M), and Communications services ($5.57M) being the largest in terms of value.

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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
Value

In 2022, Ukraine exported $833M to Austria. The main products exported from Ukraine to Austria were Iron Ore ($410M), Veneer Sheets ($80.2M), and Sports Equipment ($42.5M). During the last 5 years the exports of Ukraine to Austria have increased at an annualized rate of 8.08%, from $565M in 2017 to $833M in 2022.

In 2017, Austria exported $546M to Ukraine. The main products exported from Austria to Ukraine were Petroleum Gas ($77.9M), Sunflower Seeds ($25.8M), and Packaged Medicaments ($24.9M). During the last 5 years the exports of Austria to Ukraine have decreased at an annualized rate of 0.21%, from $563M in 2022 to $546M in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Austria (Flag)

Ukraine Exports

Austria Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$6.7B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Ukraine than Austria included Turkey ($3.02B), Moldova ($929M), and Egypt ($1.11B).

In 2022, countries that imported more from Austria than Ukraine included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Ukraine - Austria

Flow
Scale

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

During 2022, Ukraine had a large net trade with Austria in the exports of Mineral Products ($415M), Wood Products ($113M), and Miscellaneous ($80.7M).

During 2017, Austria had a large net trade with Ukraine in the exports of Machines ($100M), Mineral Products ($80.2M), and Chemical Products ($73.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Austria+$18MInsulated Wire
Top Product Potential Austria Ukraine+$25.1MPackaged Medicaments

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 Ukraine and Austria. This means that a dot/product with the flag of Ukraine indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Ukraine.

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

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