Austria export Data
Another name for Austria is the Republic of Austria. Since it is encircled by land on all sides, it is known as a landlocked nation. Germany, the Czech Republic, Slovakia, Hungary, and Italy are just a few nations bordering Austria. The nation boasts the greatest infrastructure and a firmly established market economy. In terms of land area, Austria is the twentieth-largest country in Europe. Austria occupies an area of about 83,879 km^2, placing it at 115th place in the world. Austria has long been recognized as an economic powerhouse in Europe. Its strategic location, well-developed infrastructure, and skilled labor force have made it an attractive destination for trade and investment. Austria is ranked as the 29th biggest exporter in the world according to Austria trade data and Austria trade statistics.
According to Austria’s export data, Austria exported goods with a total value of $222.18 billion in 2023, an increase of 9% from the previous year. Based on Austria shipment data, nuclear reactors and machinery are the biggest exports of Austria, while Germany is its biggest export partner. Austria’s GDP is $541 billion with a GDP export share of 59.48%. Austria is a part of major trading blocs including the WTO, GATT, and EU. Let us delve into the latest Austria Export Data for 2023, exploring key insights and trends to help businesses tap into the country's export market along with the key insights into Austria statistical data.