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Xifres de comerç exterior d'Àustria

Foreign Trade in Figures

The Austrian economy is heavily dependent on foreign trade, which accounts for 111% of GDP (World Bank, latest data available). Its trade with the countries of the European Union accounts for almost 70% of its total trade (WTO). Accounting for 33.1% of imports and 37% of exports, machinery and vehicles were the most important product group in Austrian foreign trade in 2021. Other significant exports were manufactured goods (21.3%), chemical products (15.3%) and other manufactured goods (10.7%); overall, 84.4 % of Austrian exports were concentrated in these four product groups in 2021. The main import groups were manufactured goods (16.3%), chemical products (14.7%), and other manufactured goods (13.8% - Statistics Austria).

Germany is, by far, Austria’s privileged partner for both imports and exports. In 2021, Austrian exports to Germany represented 30.1% of total exports, while imports represented 33.1%. Italy (6.8%), the U.S. (6.7%) and Switzerland (4.9%) were among the main export destinations, whereas for imports China was the second main origin (6.3%), followed by Italy (5.5%) and Switzerland (5.5% - Statistics Austria). The manufacturing industry is well integrated into Germany’s value chain. Austria remains therefore dependent on the economic conjuncture in Germany and in other central and eastern European countries.

Austria imports more goods than it exports: USD 219.5 billion of goods were imported in 2021 (+27.4% y-o-y) as opposed to USD 202.8 billion of exports (+20.3% y-o-y - WTO latest data available). In 2021, exports of services amounted to USD 70.2 billion while imports stood at USD 67 billion. Austria’s current account has invariably been in surplus since 1999: in 2021, the external balance of goods and services stood at 0.6% of GDP (World Bank), down from 3% one year earlier. According to preliminary results from Statistics Austria, the total value of imports of goods in the period January to September 2022 stood at EUR 158.1 billion, whereas exports amounted to EUR 144.3 billion, marking an increase of 21.4% and 18.7%, respectively.

 
Foreign Trade Values 20182019202020212022
Imports of Goods (million USD) 193,722184,758172,449219,520231,941
Exports of Goods (million USD) 184,815178,670169,418202,806211,392
Imports of Services (million USD) 64,16665,83255,62066,98073,819
Exports of Services (million USD) 75,86276,63964,81369,87681,251

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20182019202020212022
Foreign Trade (in % of GDP) 107.9107.9100.2111.2120.1
Trade Balance (million USD) 1,4014,8933,902-336-800
Trade Balance (Including Service) (million USD) 13,27115,74612,9982,5086,753
Imports of Goods and Services (Annual % Change) 5.32.1-9.213.75.7
Exports of Goods and Services (Annual % Change) 5.24.0-10.79.611.1
Imports of Goods and Services (in % of GDP) 52.552.148.655.359.3
Exports of Goods and Services (in % of GDP) 55.555.851.655.960.8

Source: World Bank ; Latest available data

Foreign Trade Forecasts 2023 (e)2024 (e)2025 (e)2026 (e)2027 (e)
Volume of exports of goods and services (Annual % change) 3.63.13.43.02.8
Volume of imports of goods and services (Annual % change) 3.53.13.42.92.9

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Austria is a member of the following international economic organisations: European Union, ICC, Schengen Agreement, IMF, G-9, WTO, among others. For the full list of economic and other international organisations in which participates Austria click here. International organisation membership of Austria is also outlined here.
Free Trade Agreements
The complete and up-to-date list of Free Trade Agreements signed by Austria can be consulted here.
 

Main Partner Countries

Main Customers
(% of Exports)
2022
Germany 29.3%
Italy 6.6%
United States 6.3%
Switzerland 5.2%
France 3.9%
See More Countries 48.6%
Main Suppliers
(% of Imports)
2022
Germany 38.2%
Italy 6.0%
Czech Republic 4.9%
Netherlands 4.9%
Switzerland 4.7%
See More Countries 41.3%

Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

210.3 bn USD of products exported in 2022
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.8%
Human blood; animal blood prepared for therapeutic...Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and immunological products, whether or not modified or obtained by means of biotechnological processes; vaccines, toxins, cultures of micro-organisms (excl. yeasts) and similar products 3.2%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.9%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528) 2.3%
Electrical energyElectrical energy 2.3%
See More Products 85.6%
232.0 bn USD of products imported in 2022
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.9%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 3.6%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528) 2.8%
Gold, incl. gold plated with platinum, unwrought...Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured or in powder form 2.8%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 2.2%
See More Products 84.8%

Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import Export Flows.

 

Main Services

61.0 bn USD of services exported in 2020
27.65%
24.20%
22.71%
13.17%
3.15%
2.50%
2.08%
1.66%
1.07%
0.97%
0.85%
50.9 bn USD of services imported in 2020
31.56%
30.58%
14.75%
8.82%
3.11%
3.04%
2.49%
1.99%
1.92%
1.49%
0.25%

Source: United Nations Statistics Division, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Actualitzacions: November 2023

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