2023
Exports
$2.27BWorld Rnk 50 / 214
Flag Rnk 11 / 1211
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$5.59BWorld Rnk 43 / 226
Flag Rnk 3 / 1213
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $2.27B in Refined Petroleum, making it the 50th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Austria. The main destination of Refined Petroleum exports from Austria are: Hungary ($1.06B), Slovakia ($264M), Czechia ($204M), Slovenia ($202M), and Germany ($184M).

The fastest growing export markets for Refined Petroleum of Austria between 2022 and 2023 were Romania ($108M), Slovenia ($49.1M), and Switzerland ($46.7M).

Imports In 2023, Austria imported $5.59B in Refined Petroleum, becoming the 43rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Austria. Austria imports Refined Petroleum primarily from: Germany ($3.79B), Slovenia ($594M), Italy ($491M), Slovakia ($179M), and Romania ($164M).

The fastest growing import markets in Refined Petroleum for Austria between 2022 and 2023 were Netherlands ($47.1M), Belgium ($9.28M), and United Kingdom ($3.72M).

Latest Trends

Dec 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 (2023)$2.27B
IMPORTS (2023)$5.59B
NET TRADE (2023)-$3.32B

In 2023, Austria exported $2.27B in Refined Petroleum. The main destinations of Austria exports on Refined Petroleum were Hungary ($1.06B), Slovakia ($264M), Czechia ($204M), Slovenia ($202M), and Germany ($184M).

In 2023, Austria imported $5.59B in Refined Petroleum, mainly from Germany ($3.79B), Slovenia ($594M), Italy ($491M), Slovakia ($179M), and Romania ($164M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Romania$108M (313%)
Slovenia$49.1M (32.1%)
Switzerland$46.7M (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Austria WERE (2022 - 2023):
Russia-$19.3M (-98.1%)
Greece-$14.8M (-98.3%)
France-$5.35M (-72.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Refined Petroleum were:
In 2023, Austria' main importing competitors in Refined Petroleum were:

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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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