2022
Exports
$1.45BWorld Rnk 26 / 222
Flag Rnk 24 / 1211
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$2.37BWorld Rnk 18 / 225
Flag Rnk 11 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $1.45B in Insulated Wire, making it the 26th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 24th most exported product in Austria. The main destination of Insulated Wire exports from Austria are: Germany ($479M), Hungary ($149M), Czechia ($130M), Romania ($58M), and Italy ($49.7M).

The fastest growing export markets for Insulated Wire of Austria between 2021 and 2022 were Germany ($39.3M), Serbia ($11.2M), and Poland ($7.03M).

Imports In 2022, Austria imported $2.37B in Insulated Wire, becoming the 18th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 11th most imported product in Austria. Austria imports Insulated Wire primarily from: Germany ($551M), Romania ($303M), Czechia ($190M), Hungary ($179M), and Italy ($132M).

The fastest growing import markets in Insulated Wire for Austria between 2021 and 2022 were Germany ($37.9M), Turkey ($29.5M), and Croatia ($23.2M).

Latest Trends

Oct 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 Insulated Wire. 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)$1.45B
IMPORTS (2022)$2.37B
NET TRADE (2022)-$915M

In 2022, Austria exported $1.45B in Insulated Wire. The main destinations of Austria exports on Insulated Wire were Germany ($479M), Hungary ($149M), Czechia ($130M), Romania ($58M), and Italy ($49.7M).

In 2022, Austria imported $2.37B in Insulated Wire, mainly from Germany ($551M), Romania ($303M), Czechia ($190M), Hungary ($179M), and Italy ($132M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Germany$39.3M (8.95%)
Serbia$11.2M (55.3%)
Poland$7.03M (20.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Austria WERE (2021 - 2022):
Czechia-$35.2M (-21.3%)
Hungary-$11.5M (-7.17%)
Romania-$6.43M (-9.99%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Insulated Wire were:
In 2022, Austria' main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $173M
TOP IMPORT POTENTIALGermany+ $95.9M

Insulated Wire’s highest export potential is Germany. With an export gap of $173M.   Insulated Wire’s highest import potential is Germany with an import gap of $95.9M.

See methodology.

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