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2022
Exports $1.69BWorld Rnk 51 / 214
Flag Rnk 19 / 1211
2022
Destination $18.8M Hungary
2021 - 2022
FASTEST GROWING MARKET $18.8MRussia
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $8.25BWorld Rnk 35 / 225
Flag Rnk 2 / 1212
2022
Origin $2.92B Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.92BGermany
2022
ECONOMIC COMPLEXITY of Austria1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $1.69B in Refined Petroleum, making it the 51st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 19th most exported product in Austria. The main destination of Refined Petroleum exports from Austria are: Hungary ($802M), Slovakia ($218M), Germany ($168M), Czechia ($166M), and Slovenia ($165M).

The fastest growing export markets for Refined Petroleum of Austria between 2021 and 2022 were Russia ($18.8M), Hungary ($15.3M), and Romania ($12.9M).

Imports In 2022, Austria imported $8.25B in Refined Petroleum, becoming the 35th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Austria. Austria imports Refined Petroleum primarily from: Germany ($5.76B), Italy ($754M), Slovenia ($744M), Slovakia ($321M), and Hungary ($123M).

The fastest growing import markets in Refined Petroleum for Austria between 2021 and 2022 were Germany ($2.92B), Slovenia ($529M), and Italy ($462M).

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 Refined 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)$1.69B
IMPORTS (2022)$8.25B
NET TRADE (2022)-$6.56B

In 2022, Austria exported $1.69B in Refined Petroleum. The main destinations of Austria exports on Refined Petroleum were Hungary ($802M), Slovakia ($218M), Germany ($168M), Czechia ($166M), and Slovenia ($165M).

In 2022, Austria imported $8.25B in Refined Petroleum, mainly from Germany ($5.76B), Italy ($754M), Slovenia ($744M), Slovakia ($321M), and Hungary ($123M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Russia$18.8M (2.04k%)
Hungary$15.3M (1.95%)
Romania$12.9M (66.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Austria WERE (2021 - 2022):
Slovakia-$80.5M (-27%)
Czechia-$68M (-29.1%)
Germany-$27.3M (-14%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Austria' main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $174M
TOP IMPORT POTENTIALItaly+ $273M

Refined Petroleum’s highest export potential is Germany. With an export gap of $174M.   Refined Petroleum’s highest import potential is Italy with an import gap of $273M.

See methodology.

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