Vietnam (VNM) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Vietnam-Austria Trade: In 2023, Vietnam exported $1.53B to Austria. The main products that Vietnam exported to Austria were Broadcasting Equipment ($288M), Textile Footwear ($125M), and Leather Footwear ($99.9M). Over the past 5 years the exports of Vietnam to Austria have increased at an annualized rate of 9.85%, from $958M in 2018 to $1.53B in 2023.

In 2023, Vietnam did not export any services to Austria.

Austria-Vietnam Trade: In 2023, Austria exported $187M to Vietnam. The main products that Austria exported to Vietnam were Packaged Medicaments ($33.5M), Interior Decorative Glassware ($12.3M), and Excavation Machinery ($10.8M). Over the past 5 years the exports of Austria to Vietnam have decreased at an annualized rate of 2.77%, from $337M in 2018 to $187M in 2023.

In 2023, Austria did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $1.53B to Austria. The main products exported from Vietnam to Austria were Broadcasting Equipment ($288M), Textile Footwear ($125M), and Leather Footwear ($99.9M). During the last 5 years the exports of Vietnam to Austria have increased at an annualized rate of 9.85%, from $958M in 2018 to $1.53B in 2023.

In 2018, Austria exported $187M to Vietnam. The main products exported from Austria to Vietnam were Packaged Medicaments ($33.5M), Interior Decorative Glassware ($12.3M), and Excavation Machinery ($10.8M). During the last 5 years the exports of Austria to Vietnam have decreased at an annualized rate of 2.77%, from $337M in 2023 to $187M in 2018.

Exports from Vietnam () to Austria () (2023)

Exports from Austria () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Vietnam than Austria included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Austria than Vietnam included Germany ($51B), Switzerland ($10.9B), and Italy ($13.5B).

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

Comparative Advantage Vietnam - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Austria in the exports of Machines ($515M), Textiles ($322M), and Footwear and Headwear ($315M).

During 2018, Austria had a large net trade with Vietnam in the exports of Machines ($67.1M), Chemical Products ($51.5M), and Metals ($15.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Austria+$49MComputers

Top Product Potential Austria Vietnam+$24.6MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Austria () (2023)

Exports from Austria () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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