Austria’s Top 10 Exports

Austria’s Top 10 Exports

by FlagPictures.org

A landlocked Central European nation surrounded by Germany, Hungary, Slovakia, Slovenia, Italy, Switzerland and Liechtenstein, the Republic of Austria shipped US$184.7 billion worth of goods around the globe in 2018. That dollar amount reflects an 8.8% gain since 2014 and a 15.5% increase from 2017 to 2018.

From a continental perspective, over three-quarters (78.9%) of Austrian exports by value were delivered to fellow European countries while 9.4% were sold to Asian importers. Austria shipped another 7.9% worth of goods to North American clients with 1.2% arriving in Africa, 1.1% to Latin America excluding Mexico but including the Caribbean, and 0.9% to Oceania led by Australia.

Given Austria’s population of 8.8 million people, its total $184.7 billion in 2018 exports translates to roughly $21,900 for every resident in the Central European nation.

In macroeconomic terms, Austria’s total exported goods represent 39.9% of its overall Gross Domestic Product for 2018 ($463.2 billion valued in Purchasing Power Parity US dollars). That 39.9% for exports to overall GDP in PPP for 2018 compares to 46.2% for 2014, seeming to indicate a relatively decreasing reliance on products sold on international markets for Austria’s total economic performance. And while this article focuses on exported goods, it is interesting to note that Austria also provided $74.1 billion worth of exports-related services to global customers for an additional 16% of GDP in PPP. These metrics include a significant amount of re-exporting activity.

Another key indicator of a country’s economic performance is its unemployment rate. Austria’s unemployment rate was 6.8% at May 2019 down from 7.1% one year earlier, according to Trading Economics.

Austria’s Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Austrian global shipments during 2018. Also shown is the percentage share each export category represents in terms of overall exports from Austria.

  1. Machinery including computers: US$32.4 billion (17.5% of total exports)
  2. Electrical machinery, equipment: $22.9 billion (12.4%)
  3. Vehicles: $18.4 billion (10%)
  4. Pharmaceuticals: $10 billion (5.4%)
  5. Plastics, plastic articles: $8.6 billion (4.6%)
  6. Iron, steel: $8.3 billion (4.5%)
  7. Articles of iron or steel: $6.2 billion (3.4%)
  8. Wood: $5.7 billion (3.1%)
  9. Paper, paper items: $5.2 billion (2.8%)
  10. Optical, technical, medical apparatus: $4.9 billion (2.7%)

Austria’s top 10 exports accounted for about two-thirds (66.4%) of the overall value of its global shipments.

Electrical machinery and equipment was the fastest-growing among these top categories from 2017 to 2018, up 40.5%.

Exported wood from Austria appreciated 20.5%, trailed by the 17.8% expansion for articles made from iron or steel category. Close behind were shipped plastics including items made from plastic up 17.4%.

Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of Austria’s Most Valuable Export Products below.

Advantages

The following types of Austrian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

  1. Machinery including computers: US$7 billion (Up by 1.6% since 2017)
  2. Iron, steel: $3.2 billion (Up by 12.9%)
  3. Pharmaceuticals: $2.8 billion (Down by -9.7%)
  4. Paper, paper items: $2.8 billion (Up by 14.5%)
  5. Beverages, spirits, vinegar: $2.2 billion (Up by 14%)
  6. Wood: $2.1 billion (Up by 12.2%)
  7. Other base metal goods: $1.7 billion (Up by 15.5%)
  8. Manmade staple fibers: $1.1 billion (Up by 6.8%)
  9. Aircraft, spacecraft: $845.4 million (Up by 134.8%)
  10. Articles of iron or steel: $563.9 million (Up by 12.4%)

Austria has highly positive net exports in the international trade of machines including computers. In turn, these cashflows indicate Austria’s strong competitive advantages under the machinery including computers category.

Opportunities

Overall Austria incurred a -$8.6 billion trade deficit for 2018, up 32.2% from -$6.5 billion in red ink one year earlier.

Below are exports from Austria that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Austria’s goods trail Austrian importer spending on foreign products.

  1. Mineral fuels including oil: -US$11.2 billion (Up by 23.4% since 2017)
  2. Organic chemicals: -$3 billion (Up by 16.5%)
  3. Vehicles: -$2.9 billion (Down by -0.4%)
  4. Clothing, accessories (not knit or crochet): -$2 billion (Up by 5.8%)
  5. Knit or crochet clothing, accessories: -$1.9 billion (Up by 3.9%)
  6. Ores, slag, ash: -$1.1 billion (Up by 11.2%)
  7. Furniture, bedding, lighting, signs, prefab buildings: -$1.1 billion (Up by 3.9%)
  8. Rubber, rubber articles: -$992.3 million (Up by 13%)
  9. Gems, precious metals: -$979.3 million (Down by -15%)
  10. Footwear: -$960.9 million (Up by 4.5%)

Austria has highly negative net exports and therefore deep international trade deficits for both crude and refined petroleum oils.

These cashflow deficiencies clearly indicate Austria’s competitive disadvantages in international mineral fuels-related markets, but also represent key opportunities for Austria to improve its position in the global economy through focused innovations particularly in alternative energy sources.

Companies

Austrian Export Companies

Ten Austrian corporations rank among Forbes Global 2000. Below is a sample of the major Austrian companies that Forbes included:

  • Andritz (other industrial equipment)
  • OMV Group (oil, gas)
  • STRABAG (construction services)
  • Uniqa (diversified insurance)
  • Voestalpine (iron, steel)

Wikipedia also lists exporters from Austria. Selected examples are shown below:

  • Ams AG (semiconductors)
  • Austria Metall (metals)
  • Borealis (polyethylene, plastics)
  • Bösendorfer (pianos)
  • Julius Meinl (coffee)
  • KTM (motorcycles)
  • OMV (petroleum)
  • Red Bull GmbH (beverages)
  • Rosenbauer (fire-fighting vehicles)
  • Runtastic (smartphone apps)


 

Searchable List of Austria’s Most Valuable Export Products

At the more granular four-digit HTS code level, Austria’s top export products are mobile phones followed by drugs and medicines, automotive parts then cars.

The following searchable table displays 200 of the most in-demand goods shipped from Austria during 2018. Shown beside each product label is its total export value then the percentage increase or decrease since 2017.

RankAustria's Export Product2018 Value (US$)Change
1Cars$6.8 billion+13.2%
2Phone system devices including smartphones$6 billion+202.3%
3Automobile parts/accessories$5.5 billion+8.6%
4Medication mixes in dosage$5.4 billion+2%
5Blood fractions (including antisera)$3.8 billion+21.3%
6Non-alcoholic drinks (not water/juice/milk)$3.1 billion+42.7%
7Piston engines$2.3 billion+4.3%
8Engines (diesel)$2.3 billion-4.8%
9Base metal mountings, fittings$2.3 billion+15%
10Trucks$1.9 billion+5.8%
11Processed petroleum oils$1.9 billion+37.7%
12Electrical converters/power units$1.8 billion+5.9%
13Flat-rolled other alloy steel products$1.8 billion+18.7%
14Sawn wood$1.7 billion+27%
15Miscellaneous machinery$1.6 billion+13.5%
16Motorcycles$1.5 billion+17.3%
17Wood carpentry, builders' joinery$1.5 billion+8.2%
18Heavy machinery (bulldozers, excavators, road rollers)$1.5 billion+25.2%
19Computers, optical readers$1.4 billion+120.3%
20Miscellaneous plastic items$1.4 billion+13.9%
21Miscellaneous iron or steel items$1.3 billion+41.2%
22Miscellaneous iron and steel structures$1.3 billion+7.6%
23Coated paper$1.3 billion+9.5%
24Insulated wire/cable$1.2 billion+17.9%
25Tractors$1.2 billion+25.2%
26Aircraft parts$1.2 billion+6.4%
27Electrical energy$1.1 billion+0.8%
28Piston engine parts$1.1 billion+8.2%
29Electric motors, generators$1.1 billion+8.8%
30Electrical lighting/signaling equpment, defrosters$1.1 billion+5.9%
31Miscellaneous furniture$1.1 billion+16.3%
32Lifting/loading machinery$1 billion-16%
33Electro-medical equipment (e.g. xrays)$1 billion+4.6%
34Taps, valves, similar appliances$1 billion+14.1%
35Solar power diodes/semi-conductors$1 billion+34.5%
36Electric storage batteries$1 billion+50.8%
37Unrecorded sound media$983.8 million+68.4%
38Plastic packing goods, lids, caps$973.8 million+16.6%
39Lamps, lighting, illuminated signs$965.4 million+21%
40Machinery parts$949.3 million+23.4%
41Centrifuges, filters and purifiers$937.6 million-0.1%
42Lower-voltage switches, fuses$931 million+10%
43Plastic plates, sheets, film, tape, strips$930.9 million+15.9%
44Flat-rolled iron or non-alloy steel products (plated/coated)$921.4 million+19.9%
45Particle board, other ligneous materials$916.5 million+29.1%
46Integrated circuits/microassemblies$904.9 million+20.2%
47Rubber/plastic article making machines$897.3 million-58.6%
48Electric circuit parts, fuses, switches$894.2 million+14%
49Gold (unwrought)$891.4 million+48.7%
50Electrical/optical circuit boards, panels$890 million+9.2%
51Other measuring/testing machines$873.7 million+21.9%
52Aluminum plates, sheets, strips$873.6 million+12.3%
53Miscellaneous aluminum items$871.4 million+19.4%
54Plastic plates, sheets, film, tape, strips$849.7 million-5.9%
55Refrigerators, freezers$848.8 million+1.5%
56Propylene/olefin polymers$840 million+49.3%
57Hot-rolled iron or non-alloy steel products$836.7 million-6%
58Paper containers, cellulose wadding$820.9 million+7.3%
59Liquid pumps and elevators$818.4 million+4%
60Refined copper, unwrought alloys$803.4 million+9.3%
61Hormones, miscellaneous steroids$802.7 million-58.4%
62Transmission shafts, gears, clutches$799.7 million+14.2%
63Derricks, cranes$784.9 million+14.9%
64Iron or steel tubes, pipes$784.9 million+19.5%
65Machinery for making semi-conductors$754.4 million+33.6%
66Sports equipment$725.2 million+13.3%
67Pneumatic hand tool$715.7 million+5.9%
68Miscellaneous animal feed preparations$712 million+13%
69Table games, bowling equipment$708.1 million+35.6%
70Ethylene polymers$705.4 million+30.8%
71Air or vacuum pumps$702.9 million+16.7%
72Ball, roller bearings$698.6 million+12.5%
73Cheese, curd$696.4 million+11.6%
74Railway/tram locomotives, rolling stock$692.7 million+4.3%
75Bread, biscuits, cakes, pastries$671.4 million+5.4%
76Uncoated kraft paper$660.1 million+22.9%
77Aluminum bars/rods$655.5 million+15.2%
78Orthopedic appliances$643.8 million+8.7%
79Other food preparations$633.7 million+9.8%
80Uncoated paper for writing/printing$598.4 million-10.2%
81Trailers$581.7 million+14.5%
82Temperature-change machines$552.8 million+2.1%
83Footwear (leather)$545.4 million+9.5%
84Electric generating sets, converters$529.9 million+31%
85Harvest/threshing machinery$527.9 million+16.8%
86Printing machinery$524.1 million+5.1%
87Other machine parts, accessories$516.9 million+25.6%
88Bridge structures, parts$507.3 million+22.6%
89Sutures, special pharmaceutical goods$506.2 million+27.2%
90Nail/staple/glue machine tools$503.7 million+12.6%
91Physical/chemical analysis tools$501.5 million+10.6%
92Railway track construction material$500.3 million+12.1%
93Iron or steel scrap$498.9 million+20.4%
94Iron and steel screws, bolts, nuts, washers$490.6 million+24.4%
95Alloy steel bars, rods$487.3 million+14.2%
96Plastic tubes, pipes, fittings$484.9 million+12.6%
97Imitation jewelry$475.9 million-4%
98Central heating boilers$470.9 million+6.5%
99Flat-rolled thin alloy steel products$468.5 million+9.2%
100Other animal leather$463.8 million-9.8%
101Miscellaneous iron or steel tubes, pipes$454.5 million+10.9%
102Moulding boxes/base$452.2 million+6.3%
103Wood/other ligneous fiberboard$451.7 million+27.8%
104Other organic cleaning preparations$435.3 million+12%
105Machine-tool for metal$425.4 million+19.4%
106 Dishwashing, clean/dry/fill machines $424.7 million+13.7%
107Uncoated paper$424.6 million+89.8%
108Chocolate, other cocoa preparations$420.6 million-6.4%
109Interchangeable hand/machine tools$418.5 million+41.1%
110Fresh or chilled beef$415.5 million+4.1%
111Aluminum (unwrought)$409.3 million+8.1%
112Miscellaneous printed matter$404.9 million+22.9%
113Electric water heaters, hair dryers$402.6 million+9.7%
114Swine meat$392.5 million-9%
115Iron or steel pipe fittings$392.1 million+21%
116Sort/screen/washing machinery$390.2 million+16.8%
117Seats (excluding barber/dentist chairs)$380.5 million+11%
118Radar, radio communication items$378.8 million-5.7%
119Packaged insecticides/fungicides/herbicides$375.3 million-2.1%
120Polyacetal/ether/carbonates$374.6 million+2.7%
121Special purpose vehicles$373.4 million+5.5%
122Woven cotton fabrics$373.4 million+32.5%
123Metal soldering/hot-spray equipment$367.4 million+19.5%
124Printed circuits$358.9 million+8.2%
125Millstones, grindstones, grind wheels$352.6 million+17.9%
126Fruit and vegetable juices$352.5 million+24.9%
127Chemical industry products/residuals$347.4 million-1.1%
128Industrial preparation machines$346.9 million+6%
129Not concentrated/unsweetened milk, cream$342.1 million-0.6%
130Refractory ceramic bricks, blocks, tiles$337 million+80.1%
131Women's clothing (not knit or crochet)$336.7 million+24.3%
132Carbon electrodes, brushes$332 million+145.7%
133Railway/tram maintenance or service vehicles$331.6 million-16.1%
134Alloy steel ingots$317.1 million+6.5%
135Cold-rolled iron or non-alloy steel products$315 million+0.2%
136Air conditioners$314.4 million+29.1%
137Miscellaneous engines, motors$312.7 million+16.9%
138Turbo-jets$309.1 million+12.4%
139T-shirts, vests (knit or crochet)$307.9 million+6%
140Bars, rods, wire$306.8 million+42.4%
141Aircraft, spacecraft$304 million-44.1%
142Vulcanized rubber items$297.3 million+20.3%
143Plastic builders' items$295.8 million+15.9%
144Flour/meal/starch/malt extract food preparations$294.4 million+10.7%
145Items of stone/other mineral substances$294.2 million+48%
146Coins$289.8 million+12712.8%
147Men's suits, trousers (not knit or crochet)$289.4 million+20.7%
148Coiled other alloy steel bars, rods$287 million+5.3%
149Sausages$284.8 million+10.6%
150Cellulose fiber paper$276.3 million+12.3%
151Biodiesel$275.4 million+14.2%
152Miscellaneous cermets, scrap$274.4 million+80.4%
153Other diagnostic/lab reagents$270.4 million+15.4%
154Spray/dispersing mechanical appliances$267 million+28.1%
155Footwear (rubber or plastic)$266.3 million+20%
156Bras, corsets (not knit or crochet)$265.5 million+14.4%
157Electrical machinery$262.4 million+22%
158Miscellaneous meat (preserved/prepared)$261.2 million+13.1%
159Women's clothing (knit or crochet)$254.1 million+11.2%
160Chemical woodpulp (non-dissolving)$253.3 million+38.3%
161Laminated wood (including plywood, veneer panels)$252.1 million-0.8%
162Regulate/control instruments$251.8 million+16.7%
163Fuel wood, wood chips, sawdust$251.4 million+28.1%
164Jerseys, pullovers (knit or crochet)$250 million-2.6%
165Cermet plates, sticks, tips$249.1 million+58.7%
166Other refractory cements, mortars$248.5 million+30.2%
167Oscilloscopes, spectrum analyzers$243.3 million+9.5%
168Pulp/paper finishing machinery$237.6 million+59.7%
169Stainless steel bars, rods$237.3 million+5%
170Flat-rolled goods of iron/non-alloy steel$234.6 million-4%
171Metal-removing lathes$229.2 million+59.2%
172Computer parts, accessories$223.4 million+7.5%
173Indoor decoration glassware$219.7 million+3.6%
174Copper tubes, pipes$219.6 million+12%
175Wine $218.2 million+16%
176Beauty/makeup/skin care preparations$216.5 million+37.5%
177Poultry meat$214.2 million+8%
178Electric sound/visual signal bells or alarms$213.5 million+62.7%
179Electric signal/safety/traffic control equipment$209 million+8.5%
180Pasta, couscous$201 million+19%
181Electrical resistors$200.8 million+10.3%
182Liquid/gas checking instruments$199.9 million-15.6%
183Glaze/graft putty, cement, filling$199.4 million+24.2%
184Bottles, flasks, jars, pots$198.9 million+12%
185Corn$197.2 million-3%
186Sauce, mixed condiments, seasonings$195.8 million+7.3%
187Copper waste, scrap$194.8 million+4.3%
188Move/grade/scrape/boring machinery$194.7 million-3.1%
189Aluminum waste, scrap$190.7 million-1.2%
190Soil preparation/cultivation machinery$190.5 million+27.3%
191Public-transport vehicles$190.2 million+182.1%
192Wheat$188.7 million-3.3%
193Tissues, napkins, toilet paper$188.1 million+11.3%
194Cases, handbags, wallets$183.9 million+39.8%
195Miscellaneous preserved fruits$183.6 million+9.3%
196Iron or non-alloy steel angles, shapes, sections$181.2 million+25.2%
197Iron or non-alloy steel bars, rods$179.6 million+26.6%
198Insulating fitting$177.9 million+8.9%
199Machine knives, blades$175.9 million+15.5%
200Paint/varnish non-aqueous solution$174.5 million+22.7%

These 200 exported goods were worth a subtotal of US$146.1 billion or almost four-fifths (79.1%) by value for all products exported from Austria during 2018.

Austria’s capital city is Vienna.

See also Austria’s Top Trading Partners and Austria’s Top 10 Imports

Research Sources:
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 24, 2019

International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on June 28, 2019

Investopedia, Net Exports Definition. Accessed on March 24, 2019

Trade Map, International Trade Centre. Accessed on June 28, 2019

Wikipedia, Austria. Accessed on March 24, 2019

Wikipedia, Gross domestic product. Accessed on June 28, 2019

Wikipedia, List of Companies of Austria. Accessed on March 24, 2019

Wikipedia, Purchasing power parity. Accessed on June 28, 2019