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Trade between Austria and South Korea

In 2024, Austria exported $1.6 billion to South Korea and imported $1.1 billion. Austria ran a surplus of $486 million with South Korea, compared with a surplus of $691 million in 2019. South Korea was Austria’s 23rd largest trading partner (0.7% of its trade), and Austria was South Korea’s 48th (0.2%).

Summary

Austria → South Korea
$1.6billion
South Korea → Austria
$1.1billion
Austria’s balance
$486million

Balance

Austria’s trade balance with South Korea

Trade between Austria and South Korea grew 3.6-fold since 1995

USD billions (current). Austria’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.6
  • Imports 1.1
  • Balance +0.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$468 million$282 million$185 million
1996$573 million$242 million$331 million
1997$465 million$220 million$245 million
1998$267 million$268 million-$393 thousand
1999$223 million$344 million-$121 million
2000$264 million$355 million-$92 million
2001$302 million$344 million-$42 million
2002$342 million$522 million-$179 million
2003$398 million$580 million-$182 million
2004$507 million$847 million-$340 million
2005$695 million$1.1 billion-$364 million
2006$786 million$1 billion-$260 million
2007$892 million$1.1 billion-$226 million
2008$1 billion$885 million$133 million
2009$869 million$897 million-$28 million
2010$1 billion$731 million$309 million
2011$1.4 billion$824 million$562 million
2012$1.3 billion$944 million$341 million
2013$1.4 billion$868 million$486 million
2014$1.3 billion$1.1 billion$293 million
2015$1.1 billion$843 million$243 million
2016$1.1 billion$849 million$227 million
2017$1.6 billion$933 million$681 million
2018$1.8 billion$992 million$759 million
2019$1.5 billion$839 million$691 million
2020$1.6 billion$942 million$621 million
2021$1.9 billion$1.1 billion$749 million
2022$2 billion$1.2 billion$841 million
2023$1.9 billion$1.2 billion$681 million
2024$1.6 billion$1.1 billion$486 million

What they sell each other

What Austria sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Cars$305 million · 19%
    8 thousand tonnes · Austria’s destinations
  2. Other industrial machines$98 million · 6.1%
    642 tonnes
  3. Pork$79 million · 4.9%
    20 thousand tonnes · South Korea’s sources
  4. Auto parts$64 million · 4%
    3 thousand tonnes · Austria’s destinations
  5. Railway maintenance vehicles$62 million · 3.9%
    993 tonnes
  6. Other measuring instruments$39 million · 2.4%
    266 tonnes
  7. Engine parts$38 million · 2.4%
    2 thousand tonnes
  8. Iron or steel pipe fittings$33 million · 2%
    1 thousand tonnes
  9. Vaccines, blood and antisera$32 million · 2%
    23 tonnes · Austria’s destinations
  10. Medicines in measured doses or retail packs$31 million · 1.9%
    514 tonnes · Austria’s destinations

What South Korea sells to Austria

The top 10 headings in 2024, with their share of the total.

  1. Cars$164 million · 14.7%
    8 thousand tonnes · South Korea’s destinations
  2. Cameras and broadcast equipment$161 million · 14.4%
    82 tonnes
  3. Nucleic acids and other heterocycles$106 million · 9.5%
  4. Medical and dental instruments$56 million · 5%
    562 tonnes · South Korea’s destinations
  5. Microchips$30 million · 2.7%
    19 tonnes · South Korea’s destinations
  6. Chromates, permanganates and other metal salts$27 million · 2.4%
    658 tonnes
  7. Vaccines, blood and antisera$26 million · 2.3%
    2 tonnes · South Korea’s destinations
  8. New tires$23 million · 2.1%
    3 thousand tonnes · South Korea’s destinations
  9. Discs and storage media$21 million · 1.9%
    21 tonnes
  10. Polyethers, polyesters and epoxy resins$19 million · 1.7%
    6 thousand tonnes

How it travels

Estimated sea route from Koper (Slovenia) to Busan.

The estimated sea route between Koper (Slovenia) and Busan is 15,101 nautical miles (27,967 km) long: ≈ 35–45 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (15,101 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,978 nautical miles).

Austria is landlocked: it ships through Koper (Slovenia).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.5 billion · 55.3%
  2. Air$1.2 billion · 44.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Austria’s 23rd largest trading partner (0.7% of its trade), and Austria was South Korea’s 48th (0.2%).

South Korea in Austria’s trade
0.7%
South Korea’s rank among Austria’s partners
23rd
Austria in South Korea’s trade
0.2%
Austria’s rank among South Korea’s partners
48th

Compare with

Other partners of Austria

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.