Austria

View Profile →

↔

United Kingdom

View Profile →

Austria-United Kingdom Bilateral Trade Analysis 2023

Complete trade statistics: $9.06B total volume •Austria surplus: $3.49B

Austria → United Kingdom

$6.27B

Exports (2023)

United Kingdom → Austria

$2.79B

Imports (2023)

Trade Balance

$3.49B

Surplus for Austria

Total Trade

$9.06B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Austria and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.

Austria → United Kingdom Exports

$6.27B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

12.2% top product

1Metals: gold, semi-manufactured

$766.78M

12.2% of exports

2Vehicles: with only electric motor for propulsion

$297.02M

4.7% of exports

3Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg

$247.81M

4.0% of exports

4Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), n.e.c. in item no 8704.1

$166.10M

2.6% of exports

5Lighting or visual signalling equipment: electrical, of a kind used on motor vehicles (excluding articles of heading no. 8539)

$131.06M

2.1% of exports

6Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc

$86.74M

1.4% of exports

7Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

$86.37M

1.4% of exports

8Tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kW

$86.16M

1.4% of exports

9Elevators and conveyors: continuous-action, for goods or materials, n.e.c. in item no. 8428.20, 8428.31, 8428.32 or 8428.33

$83.89M

1.3% of exports

10Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803

$82.29M

1.3% of exports

🎯 Strategic Export Focus

Austria's export portfolio to United Kingdom demonstrates strong diversification across multiple sectors, with metals: gold, semi-manufactured representing a key competitive advantage in this bilateral market.

United Kingdom → Austria Imports

$2.79B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

21.9% concentration

1Metals: gold, non-monetary, unwrought (but not powder)

$610.97M

21.9% of imports

2Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

$104.02M

3.7% of imports

3Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc

$87.83M

3.2% of imports

4Vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power

$73.13M

2.6% of imports

5Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power

$63.88M

2.3% of imports

6Sculptures and statuary: original, in any material

$51.88M

1.9% of imports

7Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power

$49.46M

1.8% of imports

8Engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft)

$45.61M

1.6% of imports

9Turbo-jets: of a thrust exceeding 25kN

$38.96M

1.4% of imports

10Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares

$35.99M

1.3% of imports

📦 Import Strategy Analysis

Austria's import pattern from United Kingdom reveals significant dependencyin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Austria demonstrates competitive strength in exportingmetals: gold, semi-manufactured to United Kingdom, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange

📈

Growth Potential

The $9.06B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Austria-United Kingdom Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $9.06 billionrepresenting a significant bilateral economic relationship
Trade Balance: Austria maintains a surplus of $3.49 billion
Export Focus: Austria's primary exports include metals: gold, semi-manufactured, vehicles: with only electric motor for propulsion, aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
Import Dependencies: Key imports from United Kingdom include metals: gold, non-monetary, unwrought (but not powder), medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthImbalanced

📈 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 $9.06B 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 metals: gold, semi-manufactured.

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 metals: gold, semi-manufacturedcomplements United Kingdom's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $9.06B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyHigh

🔮

Trade Relationship Outlook

The $9.06B 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 $9.06 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate

🏭

Industrial Integration

Trade flows in metals: gold, semi-manufactured and metals: gold, non-monetary, unwrought (but not powder) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

Austria's trade surplus of $3.49 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in vehicles: with only electric motor for propulsion present expansion opportunities.

Market Diversification

Beyond current focus on metals: gold, non-monetary, unwrought (but not powder), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

Moderate concentration in key sectors requires monitoring

Market Competition

Global competition in metals: gold, semi-manufactured may affect future market positioning.

🎯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 United Kingdom represents a total trade volume of $9.06 billion in 2023. This partnership demonstrates a favorable trade balance for Austria, with exports exceeding importsby $3.49 billion.

Export Strengths

Austria's exports to United Kingdom total $6.27 billion, with competitive advantages in metals: gold, semi-manufactured, representing $766.78M or12.2% of bilateral exports.

Import Dependencies

Imports from United Kingdom amount to $2.79 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising21.9% 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 United Kingdom in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023