2022
Exports
$10.7MWorld Rnk 93 / 149
Flag Rnk 725 / 1211
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$3.41BWorld Rnk 40 / 158
Flag Rnk 9 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $10.7M in Crude Petroleum, making it the 93rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 725th most exported product in Austria. The main destination of Crude Petroleum exports from Austria are: Belgium ($10.7M), Netherlands ($14.2k), China ($136), and Slovakia ($45).

The fastest growing export markets for Crude Petroleum of Austria between 2021 and 2022 were Belgium ($10.7M), Netherlands ($14.2k), and China ($136).

Imports In 2022, Austria imported $3.41B in Crude Petroleum, becoming the 40th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 9th most imported product in Austria. Austria imports Crude Petroleum primarily from: Kazakhstan ($1.43B), Libya ($674M), Iraq ($525M), Algeria ($263M), and Guyana ($212M).

The fastest growing import markets in Crude Petroleum for Austria between 2021 and 2022 were Guyana ($164M), Algeria ($160M), and United Kingdom ($85.3M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.7M
IMPORTS (2022)$3.41B
NET TRADE (2022)-$3.4B

In 2022, Austria exported $10.7M in Crude Petroleum. The main destinations of Austria exports on Crude Petroleum were Belgium ($10.7M), Netherlands ($14.2k), China ($136), and Slovakia ($45).

In 2022, Austria imported $3.41B in Crude Petroleum, mainly from Kazakhstan ($1.43B), Libya ($674M), Iraq ($525M), Algeria ($263M), and Guyana ($212M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Belgium$10.7M (1%)
Netherlands$14.2k (47.3k%)
China$136 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Austria WERE (2021 - 2022):
New Zealand-$5.38k (-100%)
United Arab Emirates-$2.62k (-100%)
Italy-$1.39k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Crude Petroleum were:
In 2022, Austria' main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $2.56M
TOP IMPORT POTENTIALIraq+ $148M

Crude Petroleum’s highest export potential is Belgium. With an export gap of $2.56M.   Crude Petroleum’s highest import potential is Iraq with an import gap of $148M.

See methodology.

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