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2022
Flag → Flag
Exports $4.57BRnk 50 / 219
2022
Flag → Flag
Top Product $1.52BVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $14.4BRnk 2 / 217
2022
Flag → Flag
Top Product $1.13BVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

United States-Austria Trade: In 2022, United States exported $4.57B to Austria. The main products that United States exported to Austria were Vaccines, blood, antisera, toxins and cultures ($1.52B), Hormones ($623M), and Coal Briquettes ($281M). Over the past 5 years the exports of United States to Austria have decreased at an annualized rate of 1.15%, from $4.84B in 2017 to $4.57B in 2022.

In 2017, United States exported services to Austria worth $1.73B, with Travel ($616M), Financial services ($426M), and Royalties and license fees ($180M) being the largest in terms of value.

Austria-United States Trade: In 2022, Austria exported $14.4B to United States. The main products that Austria exported to United States were Vaccines, blood, antisera, toxins and cultures ($1.13B), Cars ($829M), and Spark-Ignition Engines ($651M). Over the past 5 years the exports of Austria to United States have increased at an annualized rate of 5.86%,  from $10.8B in 2017 to $14.4B in 2022.

In 2020, Austria exported services to United States worth $1.65B, with Other business services ($592M), Computer and information services ($396M), and Royalties and license fees ($234M) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Company data: In 2023, leading companies such as RHI Magnesita (902), Robert Bosch (711), and Stihl (67) were at the forefront of exporting goods from Austria to the United States. Conversely, Unknown (906), Robert Bosch (475), and Robert Bosch Ag (215) were notable for importing products to Austria from the United States.

Latest Trends

September, 2024

About

Overview In September 2024, United States exported $403M and imported $1.41B from Austria, resulting in a negative trade balance of $1.01B. Between September 2023 and September 2024 the exports of United States have increased by $20.2M (5.29%) from $383M to $403M, while imports increased by $98.8M (7.52%) from $1.31B to $1.41B.

Trade In September 2024, the top exports of United States to Austria were Hormones ($265M), Vaccines, blood, antisera, toxins and cultures ($170M), Coal Briquettes ($34.5M), Commodities not elsewhere specified ($33.5M), and Machines and apparatus of a kind... ($9.77M). In September 2024 the top imports of United States from Austria were Vaccines, blood, antisera, toxins and cultures ($300M), Packaged Medicaments ($169M), Cars ($145M), Flavored Water ($66.4M), and Spark-Ignition Engines ($66.2M).

Origins In September 2024 the exports of United States were mainly from Kentucky ($104M), North Carolina ($64.1M), New York ($50.9M), California ($31.9M), and Alabama ($18.9M), while imports destinations were mainly South Carolina ($138M), Tennessee ($135M), Pennsylvania ($132M), Ohio ($121M), and Texas ($109M).

Growth In September 2024, the increase in United States's year-by-year exports to Austria was explained primarily by an increase in product exports in Hormones ($265M or 3.52M%), Vaccines, blood, antisera, toxins and cultures ($94.4M or 125%), and Commodities not elsewhere specified ($23.1M or 221%). In September 2024, the increase in United States's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Vaccines, blood, antisera, toxins and cultures ($168M or 127%), Packaged Medicaments ($62.2M or 58.4%), and Spark-Ignition Engines ($23.4M or 54.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$20.2M(5.29%)
IMPORT GROWTH (September 2023 - September 2024)$98.8M(7.52%)
MAIN EXPORTER (September 2024)Kentucky$104M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Austria and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $4.57B to Austria. The main products exported from United States to Austria were Vaccines, blood, antisera, toxins and cultures ($1.52B), Hormones ($623M), and Coal Briquettes ($281M). During the last 5 years the exports of United States to Austria have decreased at an annualized rate of 1.15%, from $4.84B in 2017 to $4.57B in 2022.

In 2017, Austria exported $14.4B to United States. The main products exported from Austria to United States were Vaccines, blood, antisera, toxins and cultures ($1.13B), Cars ($829M), and Spark-Ignition Engines ($651M). During the last 5 years the exports of Austria to United States have increased at an annualized rate of 5.86%, from $10.8B in 2022 to $14.4B in 2017.

Exports from United States (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from United States than Austria included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Austria than United States included Hungary ($10.4B), Slovakia ($7.4B), and Slovenia ($4.92B).

Difference in imports from Austria (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Austria

Flow
Scale

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

During 2022, United States had a large net trade with Austria in the exports of Chemical Products ($2.46B), Machines ($732M), and Mineral Products ($296M).

During 2017, Austria had a large net trade with United States in the exports of Machines ($5.14B), Chemical Products ($2.11B), and Metals ($1.88B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Austria+$63.8MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Austria United States+$701MCars

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

In 2017, United States exported services to Austria worth $1.73B, with Travel ($616M), Financial services ($426M), and Royalties and license fees ($180M) being the largest in terms of value.

In 2020, Austria exported services to United States worth $1.65B, with Other business services ($592M), Computer and information services ($396M), and Royalties and license fees ($234M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Austria (Flag) (2017)

Services Exports from Austria (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Austria (Flag) (2022)

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