Austria
Ukraine & Austria economic dialogue
€1.5 bn
Bilateral trade between AT and UA has grown since 2017, exceeding €1.5 bn in 2025
<1%
UA accounts for less than 1% of AT’s trade in services
9th
Ukrainians are the 9th largest immigrant group in AT
>1k
More than 1k Austrian companies are registered in UA
Centre for Economic Strategy (CES), an independent Ukrainian think tank that analyzes key public policies and promotes support for reforms.
With donor support, CES has launched a series of studies on trade relations between Ukraine and the European Union countries.
Free movements of goods and services
UA is AT’s main exporter of ore and poultry. It also exports other food and wood products
<1%
UA accounted for less than 1% of AT’s trade in services in 2024
AT’s main export goods to UA include medicines and electrical equipment
AT again was a net importer until, in 2022, the displacement of Ukrainians led to a jump in the export of travel services
Between 2018 and 2024, AT was a net importer
Trade Balance UA-AT 2025
Free movement of persons and capital
Ukrainian nationals lived in AT
Ukrainians have temporary protection status in AT — much less than in other EU countries
Most refugees are adult women and young children. Ukrainians in AT report difficulties with integration
Austrian companies operate in UA, concentrated in wholesale trade, agriculture, logistics, finance and insurance
Some of the largest include Raiffeisen Bank, Vienna Insurance Group, Porsche Ukraine, Amic Ukraine, Fischer Ukraine and Kronospan
AT’s FDI stock in UA, $ bn
Tighter co-operation potential
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Further economic cooperation could involve the modernisation and investment into the industries, where AT already participates, such as: pharmaceutical, automotive, construction, banking and finance.
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A tighter economic relationship would also allow the EU to build on UA’s experience in defence & miltech.
Interesting fact
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