Austria’s Top 10 Imports

Austria's Top 10 Imports

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Austria imported US$193.3 billion worth of goods from around the globe in 2018, expanding by 12.1% since 2014 and up by 16.1% from 2017 to 2018.

Austrian imports represent 1.1% of total global imports which totaled $17.788 trillion one year earlier.

From a continental perspective, 83.1% of Austria’s total imports by value in 2018 were purchased from fellow European countries. Asian trade partners supplied 11% of imports to Austria while 2.6% worth of goods originated from North America. Smaller percentage came from Africa (1%), Latin America (under 1%) excluding Mexico and the Caribbean, and Oceania (also under 1%) led by Australia and New Zealand.

Given Austria ‘s population of 8.8 million people, its total $193.3 billion in 2018 imports translates to roughly $22,000 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 2018. Also shown is the percentage share each product category represents in terms of overall imports into Austria.

  1. Machinery including computers: US$25.4 billion (13.2% of total imports)
  2. Electrical machinery, equipment: $23 billion (11.9%)
  3. Vehicles: $21.3 billion (11%)
  4. Mineral fuels including oil: $15 billion (7.8%)
  5. Plastics, plastic articles: $8.3 billion (4.3%)
  6. Pharmaceuticals: $7.3 billion (3.8%)
  7. Articles of iron or steel: $5.7 billion (2.9%)
  8. Organic chemicals: $5.3 billion (2.8%)
  9. Iron, steel: $5.1 billion (2.7%)
  10. Optical, technical, medical apparatus: $4.8 billion (2.5%)

Austria’s top 10 imports exceeded three-fifths (62.7%) of the overall value of its product purchases from other countries.

Electrical machinery and equipment posted the fastest-growing increase in value among the top 10 import categories, up 44.6% from 2017 to 2018.

In second place for Austria’s expanding import purchases was mineral fuels including oil (up 24.1%) trailed by Austrian imports of pharmaceuticals (up 21%) then items made from iron or steel (up 18.4%).

The lone decliner among Austria’s top imported product categories was organic chemicals thanks to its -9.7% drop year over year.

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.

At the more detailed four-digit Harmonized Tariff System code level, Austria’s highest-cost imported products are cars (5.1% of total) followed by mobile phones (3.7%), automotive parts and accessories (3.3%), crude oil (2.3%), refined petroleum oils (also 2.3%), medication mixes in dosage (1.9%) then blood fractions including antisera (1.6%).

Machinery

Austrian importers spent the most on the following 10 subcategories of machinery including computers.

  1. Computers, optical readers: US$2.6 billion (up 44.8% from 2017)
  2. Piston engine parts: $2.1 billion (up 0.4%)
  3. Transmission shafts, gears, clutches: $1.3 billion (up 15.1%)
  4. Machinery parts: $1.2 billion (up 16.3%)
  5. Taps, valves, similar appliances: $1.2 billion (up 13.7%)
  6. Air or vacuum pumps: $1.1 billion (up 11.2%)
  7. Miscellaneous machinery: $1 billion (up 11.2%)
  8. Liquid pumps and elevators: $898.5 million (up 6.2%)
  9. Printing machinery: $854.9 million (up 16.1%)
  10. Centrifuges, filters and purifiers: $759.7 million (up 18.7%)

Among these import subcategories, Austrian purchases of computers including optical readers (up 44.8%), centrifuges, filters and purifiers (up 18.7%) then machinery parts (up 16.3%) grew at the fastest pace from 2017 to 2018.

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

Austrian importers spent the most on the following 10 subcategories of electrical goods including consumer electronics.

  1. Phone system devices including smartphones: US$7.1 billion (up 173.8% from 2017)
  2. Insulated wire/cable: $1.8 billion (up 29.1%)
  3. Lower-voltage switches, fuses: $1.2 billion (up 13.3%)
  4. Electric motors, generators: $1.1 billion (up 19.2%)
  5. Electrical converters/power units: $1.1 billion (up 11.6%)
  6. Integrated circuits/microassemblies: $1.1 billion (up 28.2%)
  7. Solar power diodes/semi-conductors: $838.5 million (up 29.1%)
  8. Electric storage batteries: $807.7 million (up 53%)
  9. Electrical/optical circuit boards, panels: $790.4 million (up 14.3%)
  10. Unrecorded sound media: $761.6 million (up 8.1%)

Among these import subcategories, Austrian purchases of phone system devices including smartphones (up 173.8%), electric storage batteries (up 53%) then solar power diodes and semi-conductors (up 29.1%) grew at the fastest pace from 2017 to 2018.

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

Austrian importers spent the most on the following 10 subcategories of vehicles-related products.

  1. Cars: US$9.9 billion (up 0.4% from 2017)
  2. Automobile parts/accessories: $6.4 billion (up 26.2%)
  3. Trucks: $1.4 billion (up 9.1%)
  4. Tractors: $906.8 million (up 18.9%)
  5. Trailers: $655.4 million (up 16.3%)
  6. Motorcycle parts/accessories: $558.5 million (up 17.3%)
  7. Public-transport vehicles: $475.9 million (up 48.9%)
  8. Motorcycles: $435.8 million (up 8.8%)
  9. Bicycles, other non-motorized cycles: $191.1 million (up 21.9%)
  10. Special purpose vehicles: $152.9 million (up 3.8%)

Among these import subcategories, Austrian purchases of public-transport vehicles (up 48.9%), automobile parts or accessories (up 26.2%) then bicycles, other non-motorized cycles (up 21.9%) grew at the fastest pace from 2017 to 2018.

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

Austrian importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Crude oil: US$4.5 billion (up 48.5% from 2017)
  2. Processed petroleum oils: $4.4 billion (up 18.6%)
  3. Electrical energy: $1.3 billion (up 10.5%)
  4. Coal, solid fuels made from coal: $630.3 million (down -0.5%)
  5. Petroleum oil residues: $237 million (up 64.3%)
  6. Coke, semi-coke: $208.8 million (down -21.6%)
  7. Asphalt/petroleum bitumen mixes: $19.8 million (up 5.3%)
  8. Petroleum jelly, mineral waxes: $17.9 million (up 1.5%)
  9. Peat: $15.6 million (up 42.1%)
  10. Lignite: $13 million (up 12.1%)

Among these import subcategories, Austrian purchases of petroleum oil residues (up 64.3%), crude oil (up 48.5%) and peat (up 42.1%) grew at the fastest pace from 2017 to 2018.

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 and Austria’s Top 10 Exports

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 24, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 24, 2019

Trade Map, International Trade Centre. Accessed on March 24, 2019