Austria-Slovakia Bilateral Trade Analysis 2023
Complete trade statistics: $8.79B total volume •Austria deficit: $1.30B
Austria → Slovakia
$3.74B
Exports (2023)
Slovakia → Austria
$5.04B
Imports (2023)
Trade Balance
$1.30B
Deficit for Austria
Total Trade
$8.79B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Austria and Slovakia. 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-Slovakia commercial relationship and competitive positioning in global markets.
Austria → Slovakia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Austria's export portfolio to Slovakia demonstrates strong diversification across multiple sectors, with 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 representing a key competitive advantage in this bilateral market.
Slovakia → Austria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Austria's import pattern from Slovakia reveals strategic sourcingin copper: unrefined, copper anodes for electrolytic refining, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Austria demonstrates competitive strength in exportingpetroleum 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 to Slovakia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $8.79B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Austria-Slovakia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $8.79 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Austria maintains a deficit of $1.30 billion
- Export Focus: Austria's primary exports include 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, vehicles: parts and accessories, of bodies, other than safety seat belts, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
- Import Dependencies: Key imports from Slovakia include copper: unrefined, copper anodes for electrolytic refining, 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, telephones for cellular networks or for other wireless networks
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $8.79B 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 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.
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 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 oilscomplements Slovakia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in copper: unrefined, copper anodes for electrolytic refining.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $8.79B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $8.79B 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 $8.79 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in 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 and copper: unrefined, copper anodes for electrolytic refining demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Austria's trade deficit of $1.30 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 Slovakia represents a total trade volume of $8.79 billion in 2023. This partnership demonstrates an unfavorable trade balance for Austria, with imports exceeding exportsby $1.30 billion.
Export Strengths
Austria's exports to Slovakia total $3.74 billion, with competitive advantages in 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, representing $235.53M or6.3% of bilateral exports.
Import Dependencies
Imports from Slovakia amount to $5.04 billion, highlighting economic interdependence in copper: unrefined, copper anodes for electrolytic refining, with Copper: unrefined, copper anodes for electrolytic refining comprising4.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Austria's strategic sourcing from Slovakia. 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 Slovakia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023