Austria's Exports To Canada: Trade Overview

Canada and Austria have strong economic relations, with Canada being an important overseas market for Austria's export economy. In 2022, Austria exported $1.93 billion worth of goods to Canada, including spark-ignition engines, iron pipes, and pharmaceutical products. In the same year, Canada exported $213 million to Austria, with aircraft products, machinery, and vehicles being the main exports.

Machinery and equipment

Industrial machinery is used for manufacturing and can include equipment for the rubber and plastics industries, the paper industry, and woodworking. Excluded from this category are machinery and equipment for agriculture, construction, and mining; ventilation, heating, air conditioning, and commercial refrigeration; metalworking; and engine, turbine, and power transmissions.

Machine tools are used to cut, bore, grind, or shear, often in the creation of other machines or manufactured products. Construction equipment covers machinery for earth-moving, plumbing, and heating, as well as parts for mixing and paving. Agricultural machinery includes tractors, animal feeders, and lawnmowers. Electric motors and generators include gas, steam, and wind turbines, as well as sets that generate electricity.

In 2022, Austria exported $1.93 billion worth of goods to Canada, with spark-ignition engines being the top product, valued at $172 million. While not specified as machinery, other notable exports from Austria to Canada in 2022 include iron pipes ($162 million) and vaccines, blood, antisera, toxins, and cultures ($96.5 million).

Vaccines, blood, antisera, toxins and cultures

In 2022, Austria exported $1.93 billion worth of goods to Canada, with vaccines, blood, antisera, toxins, and cultures (VBATC) being one of the main exported products, valued at $96.5 million. This made Canada Austria's 7th biggest trade partner outside of the EU. Over the last 5 years, Austrian exports to Canada have increased at an annualized rate of 7.2%, from $1.36 billion in 2017 to $1.93 billion in 2022.

In October 2024, VBATC were among the top imports of Canada from Austria, valued at C$13.6 million.

Austrian companies of all sizes export a wide range of goods and services to Canada. For example, the city of Salzburg exports frozen raspberries, laminate flooring, and parts for cranes to Canada. Meanwhile, the city of Hörsching exports windows and doors, agricultural machinery, and fire-fighting equipment.

Iron pipes

Austria is one of the top five importers of iron pipes to Canada. In 2020, Canada imported $35.5M worth of iron pipes from Austria. This made Austria the fourth largest importer of iron pipes to Canada, after the United States ($120M), Mexico ($71.9M), and China ($58.9M).

In 2021, Austria was one of the fastest-growing exporters of iron pipes, with exports increasing by $207M between 2020 and 2021. In October 2022, Austria was one of the fastest-growing origins for iron pipe imports into Canada, with a year-on-year increase of $6.45M or 13.2k%.

In 2023, Austria was the second largest exporter of iron pipes to Canada, with a 15.3% share of the market.

Wood and forest products

Austrian companies have a strong presence in Canada, with ADVANTAGE AUSTRIA Toronto responsible for 80 Austrian branch offices in the country. In addition, 500 Austrian companies are interested in the Canadian market, with some Austrian companies also active in the fields of renewable energies and energy-efficient construction.

The Comprehensive Economic and Trade Partnership (CETA), signed in 2016, has intensified economic and trade relations between the European Union and Canada, making it easier and cheaper for Austrian companies to export their goods and services to Canada.

While specific data on the value of wood and forest products exported from Austria to Canada is limited, it is clear that this sector plays a significant role in the bilateral trade between the two nations.

Steel products

Austria's steel exports are substantial, and the country has two Voestalpine steel plants, including Voestalpine Stahl Linz, which has an annual capacity of 6 million tons of steel, and Voestalpine Stahl Donawitz, with an annual capacity of 1.57 million tons. Combined, the total capacity of these plants is 7.57 million tons per year. In 2023, Austria's steel exports decreased by 3.9% compared to 2022, totalling 916.1 thousand tons. Exports of long products fell by 14.8% year-on-year to 117.65 thousand tons, while exports of flat products decreased by 2.1% to 798.43 million tons.

Flat products accounted for a significant proportion of Austria's steel exports. In particular, flat products made from other alloy steels were the largest export, totalling 367.34 thousand tons, an increase of 7.2% compared to the previous year. Hot-rolled flat products were another large export category, with 232.31 thousand tons exported, a decrease of 13.8% year-on-year. Coated flat products also saw an increase of 7.2% year-on-year, with 94.7 thousand tons exported.

In December, Austria's steel exports decreased to 56.2 thousand tons, 19.2% less than in December 2022. Exports of long products and flat products both decreased by 16.5% and 19.5% year-on-year, respectively. Despite these decreases, Austria's steel exports remain a significant portion of their overall exports to Canada.

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