What is the value of US trade with Austria?
Updated annually
$20 billion in imports and $7.13 billion in exports in 2024. That means that the US imported $12.8 billion more from Austria than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$20B
Value of imports from Austria to the US (2024)
$7.13B
Value of exports from the US to Austria (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Austria as the US’ 38th top trading partner: In 2024, the US traded $27.1 billion in goods and services with Austria. Countries with similar trade values include Costa Rica ($29.5B) and Peru ($26.8B).
In 2024, the US traded $27.1 billion in goods and services with Austria.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade deficit with Austria every year from 1999 through 2024. The 2024 deficit was $12.82 billion, a decrease from 2023's deficit of $13.32 billion.
The trade deficit with Austria increased to $12.8B in 2024.
Annual trade balance with Austria, not adjusted for inflation
In 2024, 89% of imports from Austria to the US were goods. The largest category was capital goods (tools used for the production process, like machinery and equipment), accounting for $6.31 billion. The top three imports were capital goods, consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones), and automotive vehicles and parts. These categories accounted for $14.8 billion of total imports.
The other 11% were services, with travel being the largest service category. Travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad) accounted for $811 million.
Capital goods made up 31.6% of US imports from Austria in 2024.
US imports from Austria by category (2024)
In 2024, more US exports to Austria were goods — 63.1%. The largest export was consumer goods, which accounted for a value of $2.24 billion. The top three exports were consumer goods, capital goods, and industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic). These categories accounted for $4.09 billion of exports to Austria.
The other 36.9% were services, with travel being the largest service category. Travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment) accounted for $640 million.
Consumer goods made up 31.4% of US exports to Austria in 2024.
US exports to Austria by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
