2023
Exports
$7.78MWorld Rnk 17 / 187
Flag Rnk 767 / 1211
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$22.6MWorld Rnk 15 / 219
Flag Rnk 688 / 1213
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $7.78M in Tool Sets, making it the 17th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 767th most exported product in Austria. The main destination of Tool Sets exports from Austria are: Netherlands ($1.53M), Germany ($924k), Hungary ($700k), Portugal ($399k), and Romania ($380k).

The fastest growing export markets for Tool Sets of Austria between 2022 and 2023 were Romania ($293k), Canada ($251k), and Germany ($202k).

Imports In 2023, Austria imported $22.6M in Tool Sets, becoming the 15th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 688th most imported product in Austria. Austria imports Tool Sets primarily from: Germany ($9.33M), China ($7.95M), Chinese Taipei ($1.33M), Poland ($1.12M), and Italy ($379k).

The fastest growing import markets in Tool Sets for Austria between 2022 and 2023 were United States ($240k), Spain ($177k), and Czechia ($90.6k).

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 Tool Sets. 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)$7.78M
IMPORTS (2023)$22.6M
NET TRADE (2023)-$14.9M

In 2023, Austria exported $7.78M in Tool Sets. The main destinations of Austria exports on Tool Sets were Netherlands ($1.53M), Germany ($924k), Hungary ($700k), Portugal ($399k), and Romania ($380k).

In 2023, Austria imported $22.6M in Tool Sets, mainly from Germany ($9.33M), China ($7.95M), Chinese Taipei ($1.33M), Poland ($1.12M), and Italy ($379k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Romania$293k (340%)
Canada$251k (1.54k%)
Germany$202k (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Austria WERE (2022 - 2023):
Italy-$467k (-56.4%)
Netherlands-$334k (-18%)
France-$213k (-50.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Tool Sets were:
In 2023, Austria' main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $867k
TOP IMPORT POTENTIALChina+ $1.09M

Tool Sets’s highest export potential is Germany. With an export gap of $867k.   Tool Sets’s highest import potential is China with an import gap of $1.09M.

See methodology.

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