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2022
Flag → Flag
Exports $9.65BRnk 13 / 224
2022
Flag → Flag
Top Product $591MPackaged Medicaments
2022
Flag → Flag
Exports $3.95BRnk 14 / 217
2022
Flag → Flag
Top Product $156MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
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Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
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GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Netherlands-Austria Trade: In 2022, Netherlands exported $9.65B to Austria. The main products that Netherlands exported to Austria were Packaged Medicaments ($591M), Broadcasting Equipment ($383M), and Raw Aluminium ($338M). Over the past 5 years the exports of Netherlands to Austria have increased at an annualized rate of 10.7%, from $5.8B in 2017 to $9.65B in 2022.

In 2020, Netherlands exported services to Austria worth $1.55B, with Other business services ($502M), Transportation ($483M), and Royalties and license fees ($265M) being the largest in terms of value.

Austria-Netherlands Trade: In 2022, Austria exported $3.95B to Netherlands. The main products that Austria exported to Netherlands were Packaged Medicaments ($156M), Vaccines, blood, antisera, toxins and cultures ($135M), and Alcohol > 80% ABV ($117M). Over the past 5 years the exports of Austria to Netherlands have increased at an annualized rate of 6.69%,  from $2.85B in 2017 to $3.95B in 2022.

In 2020, Austria exported services to Netherlands worth $2.77B, with Travel ($1.14B), Other business services ($552M), and Transportation ($540M) being the largest in terms of value.

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €728M and imported €346M from Austria, resulting in a positive trade balance of €382M. Between October 2021 and October 2022 the exports of Netherlands have increased by €86M (13.4%) from €642M to €728M, while imports increased by €76M (28.1%) from €270M to €346M.

Trade In October 2022, the top exports of Netherlands to Austria were Medicaments (including veterinary medicaments) (€37M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€26M), Fruit and nuts (not including oil... (€17M), Crude vegetable materials, n.e.s. (€17M), and Medicinal and pharmaceutical products, other than... (€17M). In October 2022 the top imports of Netherlands from Austria were Internal combustion piston engines, and parts... (€18M), Arms and ammunition (€11M), Non-alcoholic beverages, n.e.s. (€10M), Medicinal and pharmaceutical products, other than... (€9M), and Paper and paperboard (€7M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Austria was explained primarily by an increase in product exports in Medicaments (including veterinary medicaments) (€13M or 54.2%), Medicinal and pharmaceutical products, other than... (€4M or 30.8%), and Organo-inorganic compounds, heterocyclic compounds, nucleic acids... (€3M or 300%). In October 2022, the increase in Netherlands's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Structures and parts of structures, n.e.s.,... (€3M or 100%), Non-alcoholic beverages, n.e.s. (€2M or 25%), and Electrical machinery and apparatus, n.e.s. (€2M or 100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2021 - October 2022)€86M(13.4%)
IMPORT GROWTH (October 2021 - October 2022)€76M(28.1%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Austria and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $9.65B to Austria. The main products exported from Netherlands to Austria were Packaged Medicaments ($591M), Broadcasting Equipment ($383M), and Raw Aluminium ($338M). During the last 5 years the exports of Netherlands to Austria have increased at an annualized rate of 10.7%, from $5.8B in 2017 to $9.65B in 2022.

In 2017, Austria exported $3.95B to Netherlands. The main products exported from Austria to Netherlands were Packaged Medicaments ($156M), Vaccines, blood, antisera, toxins and cultures ($135M), and Alcohol > 80% ABV ($117M). During the last 5 years the exports of Austria to Netherlands have increased at an annualized rate of 6.69%, from $2.85B in 2022 to $3.95B in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Netherlands than Austria included Belgium ($94.3B), Germany ($131B), and France ($59.9B).

In 2022, countries that imported more from Austria than Netherlands included Slovakia ($7.4B), Switzerland ($11.2B), and Hungary ($10.4B).

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

Comparative Advantage Netherlands - Austria

Flow
Scale

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

During 2022, Netherlands had a large net trade with Austria in the exports of Machines ($2.15B), Chemical Products ($1.6B), and Metals ($1.28B).

During 2017, Austria had a large net trade with Netherlands in the exports of Machines ($1.06B), Metals ($496M), and Chemical Products ($493M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Austria+$78.2MVaccines, blood, antisera, toxins and cultures
Top Product Potential Austria Netherlands+$91.6MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Netherlands exported services to Austria worth $1.55B, with Other business services ($502M), Transportation ($483M), and Royalties and license fees ($265M) being the largest in terms of value.

In 2020, Austria exported services to Netherlands worth $2.77B, with Travel ($1.14B), Other business services ($552M), and Transportation ($540M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Netherlands (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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