2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Israel-Austria Trade: In 2022, Israel exported $186M to Austria. The main products that Israel exported to Austria were Vaccines, blood, antisera, toxins and cultures ($47.2M), Nitrogen Heterocyclic Compounds ($9.7M), and Sulfonamides ($9.18M). Over the past 5 years the exports of Israel to Austria have increased at an annualized rate of 1.58%, from $172M in 2017 to $186M in 2022.

In 2012, Israel exported services to Austria worth $10.7M, with Computer and information services ($10.7M) being the largest in terms of value.

Austria-Israel Trade: In 2022, Austria exported $703M to Israel. The main products that Austria exported to Israel were Packaged Medicaments ($117M), Vaccines, blood, antisera, toxins and cultures ($55.1M), and Rubberworking Machinery ($33.2M). Over the past 5 years the exports of Austria to Israel have increased at an annualized rate of 5.69%,  from $533M in 2017 to $703M in 2022.

In 2011, Austria exported services to Israel worth $260M, with Services not allocated ($168M), Transportation ($44.5M), and Communications services ($41.8M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $186M to Austria. The main products exported from Israel to Austria were Vaccines, blood, antisera, toxins and cultures ($47.2M), Nitrogen Heterocyclic Compounds ($9.7M), and Sulfonamides ($9.18M). During the last 5 years the exports of Israel to Austria have increased at an annualized rate of 1.58%, from $172M in 2017 to $186M in 2022.

In 2017, Austria exported $703M to Israel. The main products exported from Austria to Israel were Packaged Medicaments ($117M), Vaccines, blood, antisera, toxins and cultures ($55.1M), and Rubberworking Machinery ($33.2M). During the last 5 years the exports of Austria to Israel have increased at an annualized rate of 5.69%, from $533M in 2022 to $703M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Austria (Flag)

Israel Exports

Austria Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Austria
Top Destination
Germany$57.7B

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

In 2022, countries that imported more from Israel than Austria included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Austria than Israel included Germany ($57.7B), Italy ($13.6B), and Switzerland ($11.2B).

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

Comparative Advantage Israel - Austria

Flow
Scale

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

During 2022, Israel had a large net trade with Austria in the exports of Chemical Products ($73.3M), Machines ($48.6M), and Instruments ($22.5M).

During 2017, Austria had a large net trade with Israel in the exports of Chemical Products ($205M), Machines ($168M), and Paper Goods ($75.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Austria+$14.3MTelephones
Top Product Potential Austria Israel+$21.7MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with