Italy-Austria Bilateral Trade Analysis 2023
Complete trade statistics: $28.52B total volume •Italy surplus: $1.51B
Italy → Austria
$15.02B
Exports (2023)
Austria → Italy
$13.51B
Imports (2023)
Trade Balance
$1.51B
Surplus for Italy
Total Trade
$28.52B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Italy and Austria. Green line shows exports from Italy, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Italy-Austria commercial relationship and competitive positioning in global markets.
Italy → Austria Exports
Export Market Intelligence
🎯 Strategic Export Focus
Italy's export portfolio to Austria demonstrates strong diversification across multiple sectors, with petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas representing a key competitive advantage in this bilateral market.
Austria → Italy Imports
Import Dependency Profile
📦 Import Strategy Analysis
Italy's import pattern from Austria reveals strategic sourcingin wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Italy demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas to Austria, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $28.52B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Italy-Austria Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $28.52 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Italy maintains a surplus of $1.51 billion
- Export Focus: Italy's primary exports include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, 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, vehicle parts and accessories: n.e.c. in heading no. 8708
- Import Dependencies: Key imports from Austria include wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm, blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions, copper: refined, unwrought, cathodes and sections of cathodes
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 $28.52B 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 Italy leveraging its comparative advantages in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.
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
Italy's specialization in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gascomplements Austria's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $28.52B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $28.52B 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 $28.52 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas and wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Italy's trade surplus of $1.51 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 Italy and Austria represents a total trade volume of $28.52 billion in 2023. This partnership demonstrates a favorable trade balance for Italy, with exports exceeding importsby $1.51 billion.
Export Strengths
Italy's exports to Austria total $15.02 billion, with competitive advantages in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, representing $636.87M or4.2% of bilateral exports.
Import Dependencies
Imports from Austria amount to $13.51 billion, highlighting economic interdependence in wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm, with Wood: coniferous species, of fir (Abies spp.) and spruce (Picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm comprising5.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Italy'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 Italy and Austria in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023