Austria is a highly developed industrialized country with an important service sector. The most important industries are food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing.
In the field of Agriculture, Austria is witnessing a strong trend towards organic farming. With an overall share of 22%, organic farms in Austria occupy a leading position among the EU Member States. As regards raw materials and energy production, Austria can draw on an abundance of resources.
In 2018 Austria imported a total of $179B, making it the number 29th trade destination in the world.
In 2018 Austria exported a total of $176B, making it the number 30th explorer in the world.