The Republic of Austria in Central Europe is a globally thriving nation with a divergent range of imports and exports accounting for more than half of the total revenue generation of the nation. The nation occupies a land area of 83,879 square kilometers and shares its borders with countries like the Czech Republic, Slovakia, Hungary, Slovenia, and Italy in the north, northeast, east, and south direction. The population of 8.9 million residing in the region practices German as their official language followed by other native languages like Hungarian and Slovene and mostly resides in urban areas like Graz, Linz, Salzburg, and Innsbruck.
The strategic location of the nation within Central Europe has made the country an ideal destination for most of the top traders across the world. The rapidly evolving industrialization along with the finance and tourism sectors have led to an import trade value of 200 billion US dollars in 2023 accompanied by the Gross Domestic Product value of 473 billion US dollars.