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United Kingdom-Austria Bilateral Trade Analysis 2023

Complete trade statistics: $9.06B total volume •United Kingdom deficit: $3.49B

United Kingdom → Austria

$2.79B

Exports (2023)

Austria → United Kingdom

$6.27B

Imports (2023)

Trade Balance

$3.49B

Deficit for United Kingdom

Total Trade

$9.06B

Combined Volume

Trade Flow Visualization

Direct trade relationship between United Kingdom and Austria. Green line shows exports from United Kingdom, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-Austria commercial relationship and competitive positioning in global markets.

United Kingdom → Austria Exports

$2.79B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
21.9% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$610.97M
21.9% of exports
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 exports
3Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
$87.83M
3.2% of exports
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 exports
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 exports
6Sculptures and statuary: original, in any material
$51.88M
1.9% of exports
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 exports
8Engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft)
$45.61M
1.6% of exports
9Turbo-jets: of a thrust exceeding 25kN
$38.96M
1.4% of exports
10Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares
$35.99M
1.3% of exports

🎯 Strategic Export Focus

United Kingdom's export portfolio to Austria demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

Austria → United Kingdom Imports

$6.27B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
12.2% concentration
1Metals: gold, semi-manufactured
$766.78M
12.2% of imports
2Vehicles: with only electric motor for propulsion
$297.02M
4.7% of imports
3Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$247.81M
4.0% of imports
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 imports
5Lighting or visual signalling equipment: electrical, of a kind used on motor vehicles (excluding articles of heading no. 8539)
$131.06M
2.1% of imports
6Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
$86.74M
1.4% of imports
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 imports
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 imports
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 imports
10Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803
$82.29M
1.3% of imports

📦 Import Strategy Analysis

United Kingdom's import pattern from Austria reveals significant dependencyin metals: gold, semi-manufactured, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

United Kingdom demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Austria, 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: United Kingdom-Austria Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $9.06 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: United Kingdom maintains a deficit of $3.49 billion
  • Export Focus: United Kingdom's primary exports 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
  • Import Dependencies: Key imports from Austria include metals: gold, semi-manufactured, vehicles: with only electric motor for propulsion, aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg

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 United Kingdom leveraging its comparative advantages in metals: gold, non-monetary, unwrought (but not powder).

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

1

Comparative Advantage

United Kingdom's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Austria's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, semi-manufactured.

3

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

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

United Kingdom's trade deficit of $3.49 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale present expansion opportunities.
Market Diversification
Beyond current focus on metals: gold, semi-manufactured, 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, non-monetary, unwrought (but not powder) 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 United Kingdom and Austria represents a total trade volume of $9.06 billion in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $3.49 billion.

Export Strengths

United Kingdom's exports to Austria total $2.79 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $610.97M or21.9% of bilateral exports.

Import Dependencies

Imports from Austria amount to $6.27 billion, highlighting economic interdependence in metals: gold, semi-manufactured, with Metals: gold, semi-manufactured comprising12.2% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom's strategic sourcing from Austria. 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 United Kingdom and Austria in multiple formats.

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