Austria-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $4.19B total volume •Austria surplus: $256.15M
Austria → Türkiye
$2.22B
Exports (2023)
Türkiye → Austria
$1.97B
Imports (2023)
Trade Balance
$256.15M
Surplus for Austria
Total Trade
$4.19B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Austria and Türkiye. 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-Türkiye commercial relationship and competitive positioning in global markets.
Austria → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Austria's export portfolio to Türkiye demonstrates strategic specialization, with waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured representing a key competitive advantage in this bilateral market.
Türkiye → Austria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Austria's import pattern from Türkiye reveals strategic sourcingin insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Austria demonstrates competitive strength in exportingwaters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $4.19B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Austria-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $4.19 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Austria maintains a surplus of $256.15 million
- Export Focus: Austria's primary exports include waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured, fibres: artificial staple fibres, of viscose, not carded, combed or otherwise processed for spinning, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc
- Import Dependencies: Key imports from Türkiye include insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, railway or tramway goods vans and wagons: n.e.c. in heading no. 8606, not self-propelled, insulated electric conductors: for a voltage exceeding 1000 volts
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 $4.19B 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 waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured.
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 waters: including mineral and aerated, containing added sugar or other sweetening matter or flavouredcomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $4.19B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $4.19B 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 $4.19 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured and insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Austria's trade surplus of $256.15 million 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 Türkiye represents a total trade volume of $4.19 billion in 2023. This partnership demonstrates a favorable trade balance for Austria, with exports exceeding importsby $256.15 million.
Export Strengths
Austria's exports to Türkiye total $2.22 billion, with competitive advantages in waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured, representing $131.23M or5.9% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.97 billion, highlighting economic interdependence in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, with Insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors comprising4.9% 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 Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023