Austria - Export Development Canada (EDC)
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EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Austria
Map of Austria

Country Facts

Nominal GDP386.99 Billion USD
Population8.579 Million
Total Trade/GDP99.56%
CurrencyEuro (EUR)
Merchandise Imports from Canada229.16 Million CAD
Canadian direct investment1,239 Million CAD
Main importsMachinery & Transport Equipment, Chemicals & Related Products, Food, Drinks & Tobacco, Mineral Fuels, Lubricants & Related Materials

EDC in Austria

Canadian companies assisted97
International buyers insured257
Business volume143.46 Million CAD

Business Environment

Austria has a strong and growing trade relationship with Canada exemplified by the fact that Canadian export flows to Austria reached about 229 mn in 2016. In the medium term, Canadian exports to Austria should get a boost with the coming into force of the Comprehensive Eocnomic Trade Agreement (CETA). The Austrian economy is modern, developed and accommodative to business. In the World Economic Forum's recent Global Competitiveness Report, Austria ranked 19th out of 138 countries with partciular emphasis placed on innovation and business sophistication as well as high quality education and training programs. EDC has historically seen most activity in the Aerospace (OEM - fixed wing aircraft), Automotive and Heavy Truck, Packaging and Mining & Metals industries. In addition to these industries, EDC sees strong opportunities for Canadian business in the ICT, Advanced Manufacturing Technologies and Clean Tech sectors. It should be noted that while Austria is a very economically stable country, real GDP growth has recently slowed and is expected to be about 1.3% for 2018. That said, this could be revised upward given a strengthening EU economic environment.

Key Industries

  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Machinery - Packaging, Industrial & Analytical Instruments
  • Services - Non-Industrial
  • Telecom

How we can support your business

Through our representation in Dusseldorf, Germany, we provide regional support to Canadian companies planning on or currently doing business in Austria. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

EDC Representatives

Leverage EDC’s relationships with foreign companies

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