Based on the average exchange rate for 2020, Austria uses the euro which appreciated by 2% against the US dollar since 2016 and rose by 3.1% from 2019 to 2020. The stronger EU currency in 2020 made Austria’s imports paid for in weaker US dollars relatively less expensive when starting from euros.
From a continental perspective, 86.1% of Austria’s total imports by value in 2020 were purchased from fellow European countries. Asian trade partners supplied 10.8% of imports to Austria while 2.3% worth of goods originated from North America. Smaller percentage came from Africa (0.5%), Latin America (0.2%) excluding Mexico and the Caribbean, and Oceania (0.1%) led by Australia and New Zealand.
Given Austria ‘s population of 8.9 million people, its total $172.2 billion in 2020 imports translates to roughly $19,200 in yearly product demand from every person in the landlocked Central European country.
Austria’s Top 10 Imports
The following product groups represent the highest dollar value in Austria’s import purchases during 2020. Also shown is the percentage share each product category represents in terms of overall imports into Austria.
- Machinery including computers: US$22.8 billion (13.3% of total imports)
- Electrical machinery, equipment: $20.2 billion (11.7%)
- Vehicles: $17.8 billion (10.3%)
- Mineral fuels including oil: $9.4 billion (5.5%)
- Pharmaceuticals: $8 billion (4.6%)
- Plastics, plastic articles: $7.3 billion (4.2%)
- Articles of iron or steel: $5 billion (2.9%)
- Optical, technical, medical apparatus: $4.9 billion (2.8%)
- Organic chemicals: $4.6 billion (2.7%)
- Furniture, bedding, lighting, signs, prefabricated buildings: $3.8 billion (2.2%)
Austria’s top 10 imports equals three-fifths (60.5%) of the overall value of its product purchases from other countries.
Electrical machinery and equipment posted the fastest growth in value among the top 10 import categories, up 15.3% from 2019 to 2020. In second place for Austria’s expanding import purchases was pharmaceuticals (up 4.3%) trailed by Austrian imports of optical, technical and medical apparatus (up 2.5%).
The severest decliner among Austria’s top imported product categories was mineral fuels including oil thanks to its -31.3% 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.
In 2020, Austrian importers spent the most on the following 10 subcategories of machinery including computers.
- Computers, optical readers: US$2.7 billion (up 37.2% from 2019)
- Piston engine parts: $1.6 billion (down -22.6%)
- Taps, valves, similar appliances: $1.1 billion (down -2%)
- Machinery parts: $1.1 billion (down -13.4%)
- Transmission shafts, gears, clutches: $1 billion (down -14%)
- Air or vacuum pumps: $977.7 million (down -6.4%)
- Miscellaneous machinery: $950.4 million (down -1%)
- Centrifuges, filters and purifiers: $774.3 million (up 3.3%)
- Liquid pumps and elevators: $762.6 million (down -11.3%)
- Printing machinery: $704 million (down -5.8%)
Among these import subcategories, Austrian purchases of computers including optical readers (up 37.2%) and centrifuges, filters and purifiers (up 3.3%) grew from 2019 to 2020.
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.
In 2020, Austrian importers spent the most on the following 10 subcategories of electrical goods including consumer electronics.
- Phone system devices including smartphones: US$5.5 billion (up 90.7% from 2019)
- Insulated wire/cable: $1.6 billion (down -1.5%)
- Lower-voltage switches, fuses: $1.1 billion (up 4.6%)
- Electric motors, generators: $1.1 billion (up 3.1%)
- Electrical converters/power units: $1.1 billion (up 4.3%)
- Integrated circuits/microassemblies: $833.3 million (down -2.7%)
- Electric storage batteries: $782.1 million (down -12.2%)
- Solar power diodes/semi-conductors: $769.8 million (up 13.2%)
- Electrical/optical circuit boards, panels: $738.1 million (down -6.6%)
- Electric water heaters, hair dryers: $711.2 million (up 5.6%)
Among these import subcategories, Austrian purchases of phone system devices including smartphones (up 90.7%), solar power diodes or semi-conductors (up 13.2%) then electric water heaters and hair dryers (up 5.6%) grew at the fastest pace from 2019 to 2020.
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.
In 2020, Austrian importers spent the most on the following 10 subcategories of vehicles-related products.
- Cars: US$8.2 billion (down -16.9% from 2019)
- Automobile parts/accessories: $5.1 billion (down -18%)
- Trucks: $1.1 billion (down -16.3%)
- Tractors: $785.9 million (down -0.2%)
- Motorcycle parts/accessories: $607.7 million (up 14.8%)
- Motorcycles: $593.3 million (up 18.7%)
- Trailers: $471.8 million (down -17.8%)
- Public-transport vehicles: $348.4 million (up 7.5%)
- Bicycles, other non-motorized cycles: $265.1 million (up 23.3%)
- Special purpose vehicles: $107.3 million (down -36.5%)
Among these import subcategories, Austrian purchases of bicycles plus other non-motorized cycles (up 23.3%), motorcycles (up 18.7%) then motorcycle parts or accessories (up 14.8%) grew at the fastest pace from 2019 to 2020.
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.
In 2020, Austrian importers spent the most on the following 10 subcategories of mineral fuels-related products.
- Processed petroleum oils: US$3 billion (down -31.5% from 2019)
- Crude oil: $2.5 billion (down -41.4%)
- Electrical energy: $1 billion (down -15.5%)
- Coal, solid fuels made from coal: $384.5 million (down -39.9%)
- Coke, semi-coke: $110.2 million (down -43%)
- Petroleum oil residues: $97.2 million (down -48.5%)
- Asphalt/petroleum bitumen mixes: $18.4 million (down -2.1%)
- Petroleum jelly, mineral waxes: $18.4 million (up 0.7%)
- Peat: $14.8 million (down -2%)
- Lignite: $9.2 million (down -24.3%)
Among these import subcategories, Austrian purchases of petroleum jelly and mineral waxes (up 0.7%) was the sole gainer from 2019 to 2020.
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
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on April 1, 2021
International Monetary Fund, Exchange Rates selected indicators (National Currency per U.S. dollar, period average). Accessed on April 1, 2021
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 1, 2021
International Trade Centre, Trade Map. Accessed on April 1, 2021
Wikipedia, Austria. Accessed on April 1, 2021