That dollar metric reflects a 31.9% gain from $162.1 billion five years earlier in 2020.
Year over year, the total value of Austrian exports slowed by -1.1% compared to $216.2 billion for 2023.
The top 5 largest importers of exports that Austria sells are Germany, United States of America, Italy, Switzerland and Slovakia. Added together, that quintet of major buyers of Austrian products bought over half (52.3%) of Austria’s total exports by value in 2023.
Applying a continental lens, nearly four-fifths (78.1%) of Austria’s exports by value was delivered to fellow European countries while 9.9% was sold to importers in North America. Austria shipped another 9.3% worth of goods to buyers in Asia.
A member of the European Union in good standing, 68% of Austrian exports was sold to fellow EU members.
Smaller percentages went to customers in Africa (1.1%), Latin America (1%) excluding Mexico but including the Caribbean, then Oceania (0.6%) led by Australia and New Zealand.
Austria’s Top Trading Partners
Below is a list showcasing 25 of Austria’s top trading partners, countries that imported the most Austrian shipments by dollar value during 2024. Also shown is each import country’s percentage of total Austrian exports.
- Germany: US$62.4 billion (29.2% of Austria’s total exports)
- United States: $17.5 billion (8.2%)
- Italy: $12.8 billion (6%)
- Switzerland: $10.7 billion (5%)
- Slovakia: $8.4 billion (3.9%)
- Poland: $8.3 billion (3.9%)
- France: $7.7 billion (3.6%)
- Hungary: $7.6 billion (3.5%)
- Czech Republic: $7.3 billion (3.4%)
- mainland China: $5.7 billion (2.7%)
- United Kingdom: $5.3 billion (2.5%)
- Slovenia: $4.4 billion (2.1%)
- Romania: $4 billion (1.9%)
- Netherlands: $3.84 billion (1.8%)
- Belgium: $3.75 billion (1.8%)
- Spain: $3.69 billion (1.7%)
- Croatia: $2.2 billion (1%)
- Türkiye: $2 billion (0.9%)
- Sweden: $1.95 billion (0.9%)
- Mexico: $1.91 billion (0.9%)
- Japan: $1.71 billion (0.8%)
- Canada: $1.69 billion (0.8%)
- India: $1.4 billion (0.7%)
- South Korea: $1.33 billion (0.6%)
- Serbia: $1.33 billion (0.6%)
Almost nine-tenths (88.4%) of Austrian exports in 2024 was delivered to the above 25 trade partners.
The fastest growers from 2023 to 2024 among the listed customers for Austria’s exports were Slovakia (up 108.2%), United States of America (up 12.5%), Spain (up 7.9%), Poland (up 6%) and Serbia (up 4.8%).
The severest year-over-year reductions were attributed to importers of Austria’s exported products based in Belgium (down -53.8% from 2023), South Korea (down -15.1%), Mexico (down -10.7%) and the United Kingdom (down -9.4%).
Countries Generating Austria’s Largest Trade Deficits
As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.
Austria incurred the highest trade deficits with the following countries.
- mainland China: -US$11 billion (country-specific trade deficit in 2024)
- Germany: -$4.1 billion
- Kazakhstan: -$2.4 billion
- Netherlands: -$2.1 billion
- Viet Nam: -$1.54 billion
- Czech Republic: -$1.49 billion
- Bangladesh: -$1.2 billion
- Türkiye: -$1.14 billion
- Japan: -$1 billion
- Italy: -$676.4 million
Among Austria’s trading partners that cause the greatest negative trade balances, Austrian deficits with Kazakhstan (up 55.3%), Türkiye (up 36.6%) and Bangladesh (up 21.2%) grew at the fastest pace from 2023 to 2024.
These cashflow deficiencies clearly indicate Austria’s competitive disadvantages with the above countries, but also represent key opportunities for Austria to develop country-specific strategies to strengthen its overall position in international trade.
Countries Creating Austria’s Best Trade Surpluses
Austria earned a US$1.9 billion trade surplus for 2024, reversing a -$2.9 billion deficit one year earlier in 2023.
Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
Austria incurred the highest trade surpluses with the following countries.
- United States: US$9.2 billion (country-specific trade surplus in 2024)
- United Kingdom: $2.8 billion
- Switzerland: $2.5 billion
- Hungary: $2.2 billion
- France: $1.99 billion
- Slovenia: $1.5 billion
- Mexico: $1.37 billion
- Poland: $1.35 billion
- Romania: $1.29 billion
- Croatia: $1 billion
Among Austria’s trading partners that generate the greatest positive trade balances, Austrian surpluses with Poland (up 70.3%), United States of America (up 30.8%) and Slovenia (up 27%) grew at double-digit percentages from 2023 to 2024.
In addition, Switzerland reversed a large trade deficit with Austria in 2023 to realize the multiple billion-dollar surplus listed above.
These positive cashflow streams clearly indicate Austria’s competitive advantages with the above countries, but also represent key opportunities for Austria to develop country-specific strategies to optimize its overall position in international trade.
Companies Servicing Austrian Trading Partners
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)
See also Austria’s Top 10 Exports, Austria’s Top 10 Imports, Switzerland’s Top Trading Partners, Poland’s Top Trading Partners and Slovakia’s Top Trading Partners
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on February 1, 2026
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on February 1, 2026
International Trade Centre, Trade Map. Accessed on February 1, 2026
Investopedia, Net Exports Definition. Accessed on February 1, 2026
Wikipedia, Austria. Accessed on February 1, 2026
Wikipedia, List of Companies of Austria. Accessed on February 1, 2026