Top Austrian Exporters Trade Partners Thirty-eighth richest country Austria is the world's number 27 exporter, shipping US$174.7 billion worth of goods in 2013. In 2017, Austria exported $148B and imported $162B, resulting in a negative trade balance of $14.1B. Austria’s most important two-way trading partners are Germany, followed by Italy, the United States, and Switzerland. The adjacent list reveals the 10 biggest Austrian export partners, accounting for 66.3% of total Austrian exports. Austria has a population of 8.8 million people with a gross domestic product (GDP) of $455.28 billion. HS Code Export USD$ (84) Industrial Machinery: $30,884,495,166 Austria’s biggest export partner is Germany, accounting for almost 29.5% of the total trade. It is geographically similar to the size of South Carolina and Vienna is the capital. Germany is Austria’s biggest trade partner by far for both exports and imports. According to these numbers, the United States are Austria’s fourth largest trading partner overall, and the leading trading partner … Understanding the business environment through key figures of international trade providing info on the degree of openness to the outside: the share of imports and exports of goods and services in GDP, trade balance, current account, the main trading partners, the main products traded. In this guide, we give you an overview of Austria’s economy, including the country’s primary imports and exports. In 2017 the GDP of Austria … Austria Trade Statistics. Austria is categorized as […] With the exception of Liechtenstein, all of Austria's neighbouring countries were among the top 20 partner … In 2018, Austria's exports per capita were $19.9k and its imports per capita were $20.3k. It is a member State of the European Union (more info). The year 2012 saw an increase of 9.4% from 2011 in U.S. exports to Austria; in total, exports amounted to $5.28 billion, while U.S. imports from Austria accounted for $8.89 billion. Austria has been a WTO member since 1 January 1995 and a member of GATT since 19 October 1951. Austria's 20 central trading partners accounted for 86.3% of imports and 84.0% of exports - a total of 14 EU countries and six third countries were represented in this ranking. Austria Trade Statistics. Austria is the 30th largest export economy in the world and the 10th most complex economy according to the Economic Complexity Index (ECI). Switzerland too has a prominent trading relation with Austria at 4.2% (2008 est). In 2018, Austria exported $176B and imported $179B, resulting in a negative trade balance of -$3.46B. The United States is Austria's largest non-European trading partner, taking 4.5 percent of Austrian exports and providing 5 percent of its imports. The European Union accounts for 70% of Austria’s foreign trade, with Germany constituting around 30% of that value. This page gathers information on Austria's participation in the WTO. Trading Partner Portal: Austria Trade Overview Austria is in central Europe and is a member of the European Union. Imports in Austria increased to 12674 EUR Million in September from 10806 EUR Million in August of 2020. Austria and the WTO. Imports in Austria averaged 4142.74 EUR Million from 1953 until 2020, reaching an all time high of 14750 EUR Million in October of 2018 and a record low of 61 EUR Million in January of 1953. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Although the accession of Austria to the European Union has brought stiffer competition from European producers, U.S. exports to Austria increased considerably in the mid to late 1990s. globalEDGE - Your source for business knowledge Menu. 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