2022
Exports
$14.7BWorld Rnk 14 / 223
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$9.64BWorld Rnk 17 / 226
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $14.7B in Pharmaceutical products, making it the 14th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 4th most exported product in Austria. The main destination of Pharmaceutical products exports from Austria are: Switzerland ($2.94B), Germany ($2.52B), United States ($1.75B), Poland ($1.07B), and Russia ($653M).

The fastest growing export markets for Pharmaceutical products of Austria between 2021 and 2022 were United States ($375M), Russia ($329M), and Switzerland ($179M).

Imports In 2022, Austria imported $9.64B in Pharmaceutical products, becoming the 17th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Austria. Austria imports Pharmaceutical products primarily from: Germany ($2.71B), United States ($1.56B), Italy ($880M), Switzerland ($834M), and Netherlands ($778M).

The fastest growing import markets in Pharmaceutical products for Austria between 2021 and 2022 were Sweden ($250M), Germany ($192M), and Netherlands ($188M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.7B
IMPORTS (2022)$9.64B
NET TRADE (2022)$5.02B

In 2022, Austria exported $14.7B in Pharmaceutical products. The main destinations of Austria exports on Pharmaceutical products were Switzerland ($2.94B), Germany ($2.52B), United States ($1.75B), Poland ($1.07B), and Russia ($653M).

In 2022, Austria imported $9.64B in Pharmaceutical products, mainly from Germany ($2.71B), United States ($1.56B), Italy ($880M), Switzerland ($834M), and Netherlands ($778M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Austria WERE (2021 - 2022):
United States$375M (27.2%)
Russia$329M (102%)
Switzerland$179M (6.49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Austria WERE (2021 - 2022):
Germany-$419M (-14.3%)
Belgium-$350M (-46.2%)
China-$280M (-51.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Pharmaceutical products were:
In 2022, Austria' main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.15B
TOP IMPORT POTENTIALGermany+ $836M

Pharmaceutical products’s highest export potential is Germany. With an export gap of $1.15B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $836M.

See methodology.

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