Austria-Belgium Bilateral Trade Analysis 2023
Complete trade statistics: $11.09B total volume •Austria surplus: $4.22B
Austria → Belgium
$7.66B
Exports (2023)
Belgium → Austria
$3.44B
Imports (2023)
Trade Balance
$4.22B
Surplus for Austria
Total Trade
$11.09B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Austria and Belgium. Green line shows exports from Austria, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Austria-Belgium commercial relationship and competitive positioning in global markets.
Austria → Belgium Exports
Export Market Intelligence
🎯 Strategic Export Focus
Austria's export portfolio to Belgium demonstrates strong diversification across multiple sectors, with heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn) representing a key competitive advantage in this bilateral market.
Belgium → Austria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Austria's import pattern from Belgium reveals significant dependencyin harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Austria demonstrates competitive strength in exportingheterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn) to Belgium, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.09B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Austria-Belgium Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.09 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Austria maintains a surplus of $4.22 billion
- Export Focus: Austria's primary exports include heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn), vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, lighting or visual signalling equipment: electrical, of a kind used on motor vehicles (excluding articles of heading no. 8539)
- Import Dependencies: Key imports from Belgium include harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers, vehicles: with only electric motor for propulsion, blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $11.09B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Austria leveraging its comparative advantages in heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Austria's specialization in heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn)complements Belgium's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.09B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.09B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $11.09 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn) and harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Austria's trade surplus of $4.22 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Austria and Belgium represents a total trade volume of $11.09 billion in 2023. This partnership demonstrates a favorable trade balance for Austria, with exports exceeding importsby $4.22 billion.
Export Strengths
Austria's exports to Belgium total $7.66 billion, with competitive advantages in heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) and clobazam (inn) and methyprylon (inn), representing $4.74B or61.9% of bilateral exports.
Import Dependencies
Imports from Belgium amount to $3.44 billion, highlighting economic interdependence in harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers, with Harvesting machinery: parts, including parts of threshing machinery, straw or fodder balers and grass or hay mowers comprising7.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Austria's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Austria and Belgium in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023