Hi-tech exports reached 12.9 USD bil in 2017 in Austria, according to World Bank. This is 16.5 % less than in the previous year.
Historically, hi-tech exports in Austria reached an all time high of 19.3 USD bil in 2014 and an all time low of 1.99 USD bil in 1989. When compared to Austria's main peers, hi-tech exports in Germany amounted to 172 USD bil, 13.5 USD bil in Hungary, 27.8 USD bil in Italy and 24.2 USD bil in Switzerland in 2017.
Austria has been ranked 27th within the group of 129 countries we follow in terms of hi-tech exports, 4 places behind the position seen 10 years ago.
High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.