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Pricing

2022
Flag → Flag
Exports $158MRnk 64 / 217
2022
Flag → Flag
Top Product $27.9MCentrifuges
2022
Flag → Flag
Exports $20.1MRnk 38 / 127
2022
Flag → Flag
Top Product $4.97MFruit Juice
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Austria-Iran Trade: In 2022, Austria exported $158M to Iran. The main products that Austria exported to Iran were Centrifuges ($27.9M), Other Heating Machinery ($15.2M), and Vaccines, blood, antisera, toxins and cultures ($13.4M). Over the past 5 years the exports of Austria to Iran have decreased at an annualized rate of 16.7%, from $395M in 2017 to $158M in 2022.

In 2011, Austria exported services to Iran worth $113M, with Construction services ($52.9M), Transportation ($22.3M), and Royalties and license fees ($20.9M) being the largest in terms of value.

Iran-Austria Trade: In 2022, Iran exported $20.1M to Austria. The main products that Iran exported to Austria were Fruit Juice ($4.97M), Styrene Polymers ($4.41M), and Melons ($1.09M). Over the past 5 years the exports of Iran to Austria have decreased at an annualized rate of 30.6%,  from $125M in 2017 to $20.1M in 2022.

In 2022, Iran did not export any services to Austria.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $158M to Iran. The main products exported from Austria to Iran were Centrifuges ($27.9M), Other Heating Machinery ($15.2M), and Vaccines, blood, antisera, toxins and cultures ($13.4M). During the last 5 years the exports of Austria to Iran have decreased at an annualized rate of 16.7%, from $395M in 2017 to $158M in 2022.

In 2017, Iran exported $20.1M to Austria. The main products exported from Iran to Austria were Fruit Juice ($4.97M), Styrene Polymers ($4.41M), and Melons ($1.09M). During the last 5 years the exports of Iran to Austria have decreased at an annualized rate of 30.6%, from $125M in 2022 to $20.1M in 2017.

Exports from Austria (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Iran (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
Iran
Top DestinationChina$5.72B

This map shows whether countries import more from Austria or Iran. Each country is colored based on the difference in imports they receive from Austria and Iran or the difference in the growth in imports.

In 2022, countries that imported more from Austria than Iran included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Iran than Austria included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

Difference in imports from Iran (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Iran

Flow
Scale

This chart compares trade between Austria and Iran by product, considering products traded by both, Austria and Iran.

During 2022, Austria had a large net trade with Iran in the exports of Machines ($81.3M), Chemical Products ($42.9M), and Instruments ($7.33M).

During 2017, Iran had a large net trade with Austria in the exports of Foodstuffs ($5.64M), Plastics and Rubbers ($5.34M), and Vegetable Products ($2.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Iran+$11.5MPackaged Medicaments
Top Product Potential Iran Austria+$2.29MEthylene Polymers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Iran. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Iran (Flag) (2022)

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