Austria’s Top 10 Imports

Austria's Top 10 Imports

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Austria imported US$157.6 billion worth of goods from around the globe in 2016, up by 15.6% since 2009 and up by 6.6% from 2015 to 2016

In 2016 Austria’s top 10 imports approached two-thirds (61.3%) of the overall value of its product purchases from other countries.

Austrian imports represent 1% of total global imports which totaled $16.473 trillion one year earlier in 2015.

From a continental perspective, 84% of Austria’s total imports by value in 2016 were purchased from other European countries. Asian trade partners supplied 10.1% of imports to Austria while 2.6% worth of goods originated from North America. At just 0.6%, a smaller percentage came from African exporters.

Given Austria ‘s population of 8.7 million people, its total $157.6 billion in 2016 imports translates to roughly $18,000 in yearly product demand from every person in the country.

Austria’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Austria’s import purchases during 2016. Also shown is the percentage share each product category represents in terms of overall imports into Austria. At the more detailed four-digit Harmonized Tariff System code level, Austria’s number 1 imported product is cars followed by mobile phones then automotive parts and accessories.

  1. Machinery including computers: US$21.1 billion (13.4% of total imports)
  2. Electrical machinery, equipment: $18.4 billion (11.7%)
  3. Vehicles: $17.7 billion (11.2%)
  4. Mineral fuels including oil: $9.9 billion (6.3%)
  5. Plastics, plastic articles: $6.8 billion (4.3%)
  6. Pharmaceuticals: $5.7 billion (3.6%)
  7. Organic chemicals: $5 billion (3.2%)
  8. Articles of iron or steel: $4.5 billion (2.8%)
  9. Optical, technical, medical apparatus: $4.1 billion (2.6%)
  10. Iron, steel: $3.6 billion (2.3%)

Imported organic chemicals had the fastest-growing increase in value among the top 10 import categories, up 71.4% for the 7-year period starting in 2009.

In second place for improving import purchases were electronic machinery and equipment (up 42.8%) followed by Austria’s imported vehicles (up 36.7%).

Mineral fuels including oil was the only decliner among the top product categories, down -30.8%.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Machinery

In 2016, Austrian importers spent the most on the following 10 subcategories of machines including computers:

  1. Piston engine parts: US$2.1 billion (up 19.6%)
  2. Computers, optical readers: $2 billion (up 32.6%)
  3. Transmission shafts, gears, clutches: $1.1 billion (up 47.6%)
  4. Air or vacuum pumps: $1 billion (up 38.4%)
  5. Taps, valves, similar appliances: $977.7 million (up 22.9%)
  6. Machinery parts: $974.6 million (up 12.7%)
  7. Miscellaneous machinery: $861.6 million (up 27%)
  8. Liquid pumps and elevators: $782.6 million (up 15.9%)
  9. Printing machinery: $736.7 million (down -5%)
  10. Centrifuges, filters and purifiers: $638.6 million (up 32%)

Among these import subcategories, Austrian purchases of transmission shafts, gears and clutches (up 47.6%), air or vacuum pumps (up 38.4%) and computers or optical readers (up 32.6%) grew at the fastest pace from 2009 to 2016.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Austrian businesses and consumers.

Electronics

In 2016, Austrian importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices including smartphones: US$5.5 billion (up 179.2%)
  2. Insulated wire/cable: $1.3 billion (up 62.1%)
  3. Lower-voltage switches, fuses: $996.4 million (up 16.9%)
  4. Electrical converters/power units: $934.1 million (up 35.7%)
  5. Unrecorded sound media: $923.4 million (down -18.8%)
  6. Integrated circuits/microassemblies: $823.4 million (up 29.6%)
  7. Electric motors, generators: $792 million (up 50.6%)
  8. Solar power diodes/semi-conductors: $687.8 million (up 48.9%)
  9. Electrical/optical circuit boards, panels: $609.2 million (up 90.5%)
  10. TV receivers/monitors/projectors: $578.7 million (down -47.8%)

Among these import subcategories, Austrian purchases of phone system devices including smartphones (up 179.2%), electrical or optical circuit boards and panels (up 90.5%) and insulated wire or cable (up 62.1%) grew at the fastest pace from 2009 to 2016.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Austrian businesses and consumers.

Vehicles

In 2016, Austrian importers spent the most on the following 10 subcategories of vehicles-related products:

  1. Cars: US$9.3 billion (up 26.7%)
  2. Automobile parts/accessories: $4.2 billion (up 40.1%)
  3. Trucks: $1.4 billion (up 87.4%)
  4. Tractors: $644.8 million (up 26.8%)
  5. Trailers: $481.4 million (up 39.5%)
  6. Motorcycle parts/accessories: $464 million (up 95.2%)
  7. Public-transport vehicles: $455.1 million (up 162.6%)
  8. Motorcycles: $276.9 million (up 41.7%)
  9. Bicycles, other non-motorized cycles: $137.1 million (up 31.1%)
  10. Special purpose vehicles: $110.4 million (down -21.5%)

Among these import subcategories, Austrian purchases of public-transport vehicles (up 162.6%), motorcycle parts or accessories (up 95.2%) and trucks (up 87.4%) grew at the fastest pace from 2009 to 2016.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles-related products among Austrian businesses and consumers.

Fuel

In 2016, Austrian importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Processed petroleum oils: US$3 billion (down -34%)
  2. Crude oil: $2.4 billion (down -29.5%)
  3. Electrical energy: $1 billion (down -35.3%)
  4. Coal, solid fuels made from coal: $319.7 million (down -47.2%)
  5. Coke, semi-coke: $140 million (down -23.1%)
  6. Petroleum oil residues: $93.3 million (down -46.2%)
  7. Asphalt/petroleum bitumen mixes: $16.7 million (up 32.6%)
  8. Petroleum jelly, mineral waxes: $15.8 million (down -19.1%)
  9. Peat: $13.5 million (down -25.9%)
  10. Lignite: $13 million (down -18.2%)

Among these import subcategories, the 32.6% gain for Austrian purchases of asphalt or petroleum bitumen mixes was the only increase.

The above amounts and the sole percentage gain within parenthesis clearly show where the strongest demand lies for different types of imported mineral fuels-related products among Austrian businesses and consumers.



 
See also Austria’s Top Trading Partners, 20 Most Valuable Austrian Export Products and Austria’s Top 10 Exports

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 27, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 27, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 27, 2017