Trade Trend

In 2023, Austria's total export value is 223.87Billion USD, total import value is 225.04Billion USD, Deficit is -1.17Billion USD, and foreign trade dependency is 0.870. In 2023，Austria's top export products are Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(10.15Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(8.99Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(6.84Billion USD), top export destinations are Germany(64.10Billion USD), United States(15.93Billion USD), Italy(13.45Billion USD). In 2023, Austria's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(11.29Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(6.57Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(6.11Billion USD), top import origins are Germany(84.88Billion USD), Italy(13.69Billion USD), Netherlands(11.41Billion USD).

Comparing to 2022, Austria's total export value increased 11.94Billion USD(5.63%) in 2023, this could result from its export increases of products such as Heterocyclic compounds with nitrogen heteroatom(s) only(5.49Billion USD or 2.27Thousands%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(3.49Billion USD or 52.26%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.07Billion USD or 13.48%) and export increases to countries/economics such as Belgium(4.90Billion USD or 151.10%), United States(2.37Billion USD or 17.49%), Germany(2.30Billion USD or 3.72%). Comparing to 2022, Austria's total import value decreased -8.48Billion USD(-3.63%) in 2023, this could result from its import decreases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-2.88Billion USD or -44.92%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-2.57Billion USD or -31.11%), Electrical energy(-2.44Billion USD or -50.85%), and its import decreases from countries/economies such as None(-3.50Billion USD or -47.19%), Germany(-3.42Billion USD or -3.88%), China(-1.94Billion USD or -20.16%).

Cumulated to first 7 months of 2024, Austria's total export value is 77.90Billion USD, total import value is 72.22Billion USD, and tradesurplus is 5.68Billion USD. Cumulated to first 7 months of 2024, Austria's top export products are Commodities not specified according to kind(12.56Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(3.92Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.81Billion USD), and top export destinations are Germany(15.62Billion USD), None(12.55Billion USD), United States(7.40Billion USD). Cumulated to first 7 months of 2024, Austria's top import products are Commodities not specified according to kind(12.56Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(3.92Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.81Billion USD), and top import origins areGermany(20.83Billion USD), None(14.19Billion USD), Italy(3.30Billion USD).