2022
Exports
$10.3BWorld Rnk 48 / 216
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$19.6BWorld Rnk 36 / 225
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $10.3B in Mineral fuels, mineral oils and products of their distillation, making it the 48th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 5th most exported product in Austria. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Austria are: Hungary ($4.02B), Germany ($1.81B), Slovenia ($1.48B), Switzerland ($1.43B), and Italy ($679M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Austria between 2021 and 2022 were Hungary ($2.13B), Switzerland ($886M), and Slovenia ($771M).

Imports In 2022, Austria imported $19.6B in Mineral fuels, mineral oils and products of their distillation, becoming the 36th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 3rd most imported product in Austria. Austria imports Mineral fuels, mineral oils and products of their distillation primarily from: Germany ($10.1B), Kazakhstan ($1.43B), Italy ($1.19B), Czechia ($851M), and Slovenia ($843M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Austria between 2021 and 2022 were Germany ($5.55B), Italy ($868M), and Slovenia ($536M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$10.3B
IMPORTS (2022)$19.6B
NET TRADE (2022)-$9.31B

In 2022, Austria exported $10.3B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Austria exports on Mineral fuels, mineral oils and products of their distillation were Hungary ($4.02B), Germany ($1.81B), Slovenia ($1.48B), Switzerland ($1.43B), and Italy ($679M).

In 2022, Austria imported $19.6B in Mineral fuels, mineral oils and products of their distillation, mainly from Germany ($10.1B), Kazakhstan ($1.43B), Italy ($1.19B), Czechia ($851M), and Slovenia ($843M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Hungary$2.13B (113%)
Switzerland$886M (163%)
Slovenia$771M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Austria WERE (2021 - 2022):
Slovakia-$85M (-26.6%)
Ukraine-$54.4M (-41%)
Czechia-$52.4M (-15.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Austria' main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $575M
TOP IMPORT POTENTIALItaly+ $246M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Germany. With an export gap of $575M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Italy with an import gap of $246M.

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