ADVANTAGE AUSTRIA is a trade institution of Austria’s Federal economy, and it was established for all information necessary for providing information necessary. It provides professional support to benefit the most from Austrian trade and investment.
Austria is a developed industrial country, but it has a relatively small domestic market, so the export market is very important to the Austrian economy. In fact, Austria has an export-led economy with a proportion of more than 50% of GDP. The structural characteristic of Austria's trade is its geopolitical location. Austria is located close to Central and Eastern Europe. Indeed, the EU accounts for about 70% of Austria's exports. Among Asian markets, Korea ranks third after China and Japan.
Austria's main export products are mechanical engineering, chemical products, and Iron & Steel & Metal Goods. Korea has the 22nd largest export share of Austria's market. In terms of exports within trade relations with Korea, automotive is in first place and electronic products and cars account for a large proportion of imports.
In the end, there was a question and answer period. If you are curious about Austrian companies, you can request a list from Advantage Austria. Also, at Advantage Austria, located in Seoul, English is the main language, and if you are being able to speak German in addition is a big plus. Moreover, if you are majoring in trade, focus on the import part rather than production part. This is because Koreans are absolutely necessary in the import process about Korea. At last, If you are interested in Austria and want to travel, he recommend visiting Vienna, Salzburg, Hallstatt, and Innsbruck because you will be able to visit the museum and feel the history of art. You can also experience hiking with nature.
Mr. Wolfgang Köstinger added that he would be happy to help the students who contacted ADVANTAGE AUSTRIA.
Seoyoung oh
Hanna Jang
Jiyoon Lee