United States (USA) and Austria (AUT) Trade

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

August, 2024

About

Overview In August 2024, United States exported $395M and imported $1.5B from Austria, resulting in a negative trade balance of $1.11B. Between August 2023 and August 2024 the exports of United States have decreased by $-24.5M (-5.85%) from $419M to $395M, while imports decreased by $-45.6M (-2.95%) from $1.55B to $1.5B.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Kentucky ($115M), Alabama ($41.7M), North Carolina ($40.6M), California ($34.5M), and Texas ($20.8M), while imports destinations were mainly Pennsylvania ($209M), South Carolina ($134M), Texas ($96.2M), Georgia ($91.5M), and Tennessee ($86M).

Growth In August 2024, the decrease in United States's year-by-year exports to Austria was explained primarily by an decrease in product exports in Aircraft Parts ($-56M or -89.5%), Micro-Organism Culture Preparations ($-5.74M or -70%), and Sunflower Seeds ($-5.73M or -89%). In August 2024, the decrease in United States's year-by-year imports from Austria was explained primarily by an decrease in product imports in Cars ($-24.1M or -14.2%), Lifting Machinery ($-13.6M or -37.2%), and Handguns ($-8.69M or -28.6%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-24.5M(-5.85%)

IMPORT GROWTH (August 2023 - August 2024)$-45.6M(-2.95%)

MAIN EXPORTER (August 2024)Kentucky$115M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Austria () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and United States () (2022)

Comparative Advantage United States - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Aut Year

Usa Year

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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 () and Austria () (2022)

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