Austria’s Top 10 Imports

Austria's Top 10 Imports

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Austria imported US$175.8 billion worth of goods from around the globe in 2017, down by -4.1% since 2013 but up by 11.6% from 2016 to 2017.

Austrian imports represent 1.1% of total global imports which totaled $16.054 trillion one year earlier in 2016.

From a continental perspective, 83.1% of Austria’s total imports by value in 2017 were purchased from fellow European countries. Asian trade partners supplied 10.6% of imports to Austria while 2.7% worth of goods originated from North America. Smaller percentage came from Africa (0.6%) and Latin America excluding Mexico and the Caribbean (0.3%).

Given Austria ‘s population of 8.8 million people, its total $175.8 billion in 2017 imports translates to roughly $20,100 in yearly product demand from every person in the landlocked Central European country.

Austria’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Austria’s import purchases during 2017. 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 highest-value imported products are cars followed by mobile phones, automotive parts and accessories then refined petroleum oils.

  1. Machinery including computers: US$22.9 billion (13% of total imports)
  2. Electrical machinery, equipment: $20.5 billion (11.7%)
  3. Vehicles : $19.9 billion (11.3%)
  4. Mineral fuels including oil: $12.1 billion (6.9%)
  5. Plastics, plastic articles: $7.5 billion (4.3%)
  6. Pharmaceuticals: $6 billion (3.4%)
  7. Organic chemicals: $5.9 billion (3.3%)
  8. Articles of iron or steel: $4.9 billion (2.8%)
  9. Iron, steel: $4.5 billion (2.5%)
  10. Optical, technical, medical apparatus: $4.4 billion (2.5%)

Austria’s top 10 imports exceeded three-fifths (61.8%) of the overall value of its product purchases from other countries.

Imported iron and steel had the fastest-growing increase in value among the top 10 import categories, up 25.2% from 2016 to 2017.

In second place for Austria’s expanding import purchases was mineral fuels including oil (up 23.2%) trailed by Austrian imports of organic chemicals (up 17.5%) then vehicles (up 12.9%).

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 2017, Austrian importers spent the most on the following 10 subcategories of machinery including computers:

  1. Computers, optical readers: US$2.4 billion (up 17.6% from 2016)
  2. Piston engine parts: $2 billion (down -2.6%)
  3. Transmission shafts, gears, clutches: $1.1 billion (up 8.3%)
  4. Machinery parts: $1.1 billion (up 10.5%)
  5. Taps, valves, similar appliances: $1.1 billion (up 9.8%)
  6. Air or vacuum pumps: $1 billion (down -2.7%)
  7. Miscellaneous machinery: $946.9 million (up 9.7%)
  8. Liquid pumps and elevators: $849.5 million (up 8.7%)
  9. Printing machinery: $782.5 million (up 6.3%)
  10. Centrifuges, filters and purifiers: $637.4 million (down -0.1%)

Among these import subcategories, Austria’s purchases of computers and optical readers (up 17.6%), machinery parts (up 10.5%) and taps, valves and similar appliances (up 9.8%) grew at the fastest pace from 2016 to 2017.

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 2017, Austrian importers spent the most on the following 10 subcategories of electrical goods including consumer electronics:

  1. Phone system devices including smartphones: US$6.4 billion (up 16.5% from 2016)
  2. Insulated wire/cable: $1.5 billion (up 10%)
  3. Lower-voltage switches, fuses: $1.1 billion (up 9.7%)
  4. Electrical converters/power units: $1 billion (up 7.2%)
  5. Electric motors, generators: $953.3 million (up 20.5%)
  6. Integrated circuits/microassemblies: $916.3 million (up 11.3%)
  7. Solar power diodes/semi-conductors: $863 million (up 25.6%)
  8. Unrecorded sound media: $762.2 million (down -17.6%)
  9. Electrical/optical circuit boards, panels: $699.2 million (up 14.9%)
  10. Electric water heaters, hair dryers: $612.6 million (up 10.9%)

Among these import subcategories, Austria’s purchases of solar power diodes or semi-conductors (up 25.6%), electric motors and generators (up 20.5%) and phone system devices including smartphones (up 16.5%) grew at the fastest pace from 2016 to 2017.

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 2017, Austrian importers spent the most on the following 10 subcategories of vehicles-related products:

  1. Cars: US$10.1 billion (up 9.5% from 2016)
  2. Automobile parts/accessories: $5.2 billion (up 22.9%)
  3. Trucks: $1.3 billion (down -4.4%)
  4. Tractors: $759.6 million (up 17.7%)
  5. Trailers: $540.9 million (up 12.7%)
  6. Public-transport vehicles: $535.8 million (up 17.4%)
  7. Motorcycle parts/accessories: $479.1 million (up 3.4%)
  8. Motorcycles: $387.8 million (up 40.8%)
  9. Bicycles, other non-motorized cycles: $154.6 million (up 13.1%)
  10. Special purpose vehicles: $151.5 million (up 36.9%)

Among these import subcategories, Austria’s purchases of motorcycles (up 40.8%), special purpose vehicles (up 36.9%) and automobile parts or accessories (up 22.9%) grew at the fastest pace from 2016 to 2017.

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 2017, Austrian importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Processed petroleum oils: US$3.7 billion (up 16.5% from 2016)
  2. Crude oil: $3.1 billion (up 26.7%)
  3. Electrical energy: $1.2 billion (up 19.9%)
  4. Coal, solid fuels made from coal: $631.4 million (up 97.5%)
  5. Coke, semi-coke: $265.8 million (up 89.1%)
  6. Petroleum oil residues: $144.4 million (up 55.1%)
  7. Asphalt/petroleum bitumen mixes: $35.1 million (up 111.8%)
  8. Petroleum jelly, mineral waxes: $17.3 million (up 9.9%)
  9. Lignite: $11.6 million (down -10.5%)
  10. Peat: $10.8 million (down -19.5%)

Among these import subcategories, Austria’s purchases of asphalt or petroleum bitumen mixes (up 111.8%), coal including solid fuels made from coal (up 97.5%) and coke or semi-coke (up 89.1%) grew at the fastest pace from 2016 to 2017.

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 31, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 31, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 31, 2018