USA-Austria Bilateral Trade Analysis 2023
Complete trade statistics: $24.16B total volume •USA deficit: $10.49B
USA → Austria
$6.83B
Exports (2023)
Austria → USA
$17.32B
Imports (2023)
Trade Balance
$10.49B
Deficit for USA
Total Trade
$24.16B
Combined Volume
Trade Flow Visualization
Direct trade relationship between USA and Austria. Green line shows exports from USA, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Austria commercial relationship and competitive positioning in global markets.
USA → Austria Exports
Export Market Intelligence
🎯 Strategic Export Focus
USA's export portfolio to Austria demonstrates strong diversification across multiple sectors, with blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions representing a key competitive advantage in this bilateral market.
Austria → USA Imports
Import Dependency Profile
📦 Import Strategy Analysis
USA's import pattern from Austria reveals significant dependencyin blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
USA demonstrates competitive strength in exportingblood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions to Austria, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $24.16B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: USA-Austria Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $24.16 billionrepresenting a significant bilateral economic relationship
- Trade Balance: USA maintains a deficit of $10.49 billion
- Export Focus: USA's primary exports include blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions, polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts, vehicles: 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
- Import Dependencies: Key imports from Austria include blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc, engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc
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 $24.16B 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 USA leveraging its comparative advantages in blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions.
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
USA's specialization in blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractionscomplements Austria's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $24.16B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $24.16B 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 $24.16 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions and blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
USA's trade deficit of $10.49 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 USA and Austria represents a total trade volume of $24.16 billion in 2023. This partnership demonstrates an unfavorable trade balance for USA, with imports exceeding exportsby $10.49 billion.
Export Strengths
USA's exports to Austria total $6.83 billion, with competitive advantages in blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions, representing $2.13B or31.2% of bilateral exports.
Import Dependencies
Imports from Austria amount to $17.32 billion, highlighting economic interdependence in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, with Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale comprising10.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates USA'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 USA and Austria in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023