Austria-Czechia Bilateral Trade Analysis 2023
Complete trade statistics: $16.83B total volume •Austria deficit: $3.17B
Austria → Czechia
$6.83B
Exports (2023)
Czechia → Austria
$10.00B
Imports (2023)
Trade Balance
$3.17B
Deficit for Austria
Total Trade
$16.83B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Austria and Czechia. 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-Czechia commercial relationship and competitive positioning in global markets.
Austria → Czechia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Austria's export portfolio to Czechia demonstrates strong diversification across multiple sectors, with optical media: recorded, excluding products of chapter 37 representing a key competitive advantage in this bilateral market.
Czechia → Austria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Austria's import pattern from Czechia reveals strategic sourcingin vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Austria demonstrates competitive strength in exportingoptical media: recorded, excluding products of chapter 37 to Czechia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $16.83B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Austria-Czechia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $16.83 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Austria maintains a deficit of $3.17 billion
- Export Focus: Austria's primary exports include optical media: recorded, excluding products of chapter 37, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from Czechia include vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, electrical energy, telephones for cellular networks or for other wireless networks
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 $16.83B 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 optical media: recorded, excluding products of chapter 37.
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 optical media: recorded, excluding products of chapter 37complements Czechia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $16.83B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $16.83B 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 $16.83 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in optical media: recorded, excluding products of chapter 37 and vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Austria's trade deficit of $3.17 billion impacts 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 Czechia represents a total trade volume of $16.83 billion in 2023. This partnership demonstrates an unfavorable trade balance for Austria, with imports exceeding exportsby $3.17 billion.
Export Strengths
Austria's exports to Czechia total $6.83 billion, with competitive advantages in optical media: recorded, excluding products of chapter 37, representing $218.97M or3.2% of bilateral exports.
Import Dependencies
Imports from Czechia amount to $10.00 billion, highlighting economic interdependence in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, with Vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc comprising3.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Austria's strategic sourcing from Czechia. 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 Czechia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023