2023
Exports
$16.9BWorld Rnk 15 / 225
Flag Rnk 4 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$11.2BWorld Rnk 15 / 226
Flag Rnk 5 / 96
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $16.9B in Pharmaceutical products, making it the 15th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 4th most exported product in Austria. The main destination of Pharmaceutical products exports from Austria are: United States ($3.43B), Switzerland ($3.12B), Germany ($2.64B), Italy ($667M), and Russia ($602M).

The fastest growing export markets for Pharmaceutical products of Austria between 2022 and 2023 were Germany ($468M), Italy ($134M), and China ($134M).

Imports In 2023, Austria imported $11.2B in Pharmaceutical products, becoming the 15th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Austria. Austria imports Pharmaceutical products primarily from: Germany ($2.81B), United States ($2.63B), Switzerland ($935M), Italy ($867M), and France ($600M).

The fastest growing import markets in Pharmaceutical products for Austria between 2022 and 2023 were United States ($977M), Germany ($496M), and Switzerland ($184M).

Latest Trends

Jan 2025

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 Pharmaceutical products. 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 (2023)$16.9B
IMPORTS (2023)$11.2B
NET TRADE (2023)$5.67B

In 2023, Austria exported $16.9B in Pharmaceutical products. The main destinations of Austria exports on Pharmaceutical products were United States ($3.43B), Switzerland ($3.12B), Germany ($2.64B), Italy ($667M), and Russia ($602M).

In 2023, Austria imported $11.2B in Pharmaceutical products, mainly from Germany ($2.81B), United States ($2.63B), Switzerland ($935M), Italy ($867M), and France ($600M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Germany$468M (21.5%)
Italy$134M (25.2%)
China$134M (46.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Austria WERE (2022 - 2023):
Switzerland-$277M (-8.14%)
Israel-$90.3M (-65.9%)
Slovakia-$51.2M (-33.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Pharmaceutical products were:
In 2023, Austria' main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.15B
TOP IMPORT POTENTIALGermany+ $836M

Pharmaceutical products’s highest export potential is Germany. With an export gap of $1.15B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $836M.

See methodology.

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