Key Insight

 

•Bilateral trade volume between Canada and Austria remained moderate over the period, reflecting Austria's smaller market size compared to its EU neighbors.

•In 2024, Canadian exports mainly included aerospace parts, machinery, and vehicles. Austria exported machinery, pharmaceuticals, electronics, and medical technology to Canada.

•Services trade stays modest but stable, with Canadian exports in royalties, transport and Canadian imports in business and IT services The Observatory of Economic Complexity.

•With 1,341 Austrian SMEs already exporting to Canada under CETA, trade relations offer solid potential for future growth, particularly in clean technologies, life sciences, and industrial machinery.