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Export Economy

Globe © photocase.com/A.P.

© photocase.com/A.P.

As Austria is an industrial country with a small domestic market, the export economy is particularly important. Here's a summary of statistics, trade partners and product groups.

Export Economy

Imports 2018: EUR 155.71 billion
Exports 2018: EUR 150.00 billion

The export quota 2018 (product and service exports as a percentage of GDP) was at 54,2 %.

Trade Partners 

The most important trade partners are:

  • Germany
  • USA
  • Italy
  • Switzerland
  • France

Austria's proximity to Central and Eastern European states is a key factor in the increasing significance of trade and the economic networking with these countries. The share of Austrian exports in these regions reached 18.9% in 2018.

Product Groups

The most important product groups for export are:

  • Mechanical engineering and terotechnology
  • Vehicles and automotive parts
  • Iron,Steel and metal goods
  • Food and drinks
  • Medical and pharmaceutical products
  • Synthetics and synthetic products
  • Paper and cardboard

Austrian exports are also heavily influenced by service exports, with tourism taking first place in this sector. 

Related links

 
Statistics Austria
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