Hong Kong (HKG) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

About

Hong Kong-Luxembourg In 2022, Hong Kong exported $221M to Luxembourg. The main products that Hong Kong exported to Luxembourg are Paintings ($193M), Gas Turbines ($10.1M), and Sculptures ($5.25M). During the last 23 years the exports of Hong Kong to Luxembourg have increased at an annualized rate of 11.5%, from $17.9M in 1999 to $221M in 2022.

In 2022, Hong Kong did not export any services to Luxembourg.

Luxembourg-Hong Kong In 2022, Luxembourg exported $628M to Hong Kong. The main products that Luxembourg exported to Hong Kong were Gas Turbines ($375M), Sculptures ($93.4M), and Paintings ($84.4M). During the last 23 years the exports of Luxembourg to Hong Kong have increased at an annualized rate of 21.3%, from $7.38M in 1999 to $628M in 2022.

In 2020, Luxembourg exported services to Hong Kong worth $716M, with Transportation ($708M) and Other business services ($8M) being the largest in terms of value.

Comparison In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $221M to Luxembourg. The main products exported from Hong Kong to Luxembourg were Paintings ($193M), Gas Turbines ($10.1M), and Sculptures ($5.25M). During the last 23 years the exports of Hong Kong to Luxembourg have increased at an annualized rate of 11.5%, from $17.9M in 1999 to $221M in 2022.

In 2022, Luxembourg exported $628M to Hong Kong. The main products exported from Luxembourg to Hong Kong were Gas Turbines ($375M), Sculptures ($93.4M), and Paintings ($84.4M). During the last 23 years the exports of Luxembourg to Hong Kong have increased at an annualized rate of 21.3%, from $7.38M in 1999 to $628M in 2022.

Exports from Hong Kong () to Luxembourg () (2022)

Exports from Luxembourg () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Luxembourg ()

Hong Kong Exports

Date

Luxembourg Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Luxembourg
Top DestinationGermany$4.15B

This map shows whether countries import more from Hong Kong or Luxembourg. Each country is colored based on the difference in imports they receive from Hong Kong and Luxembourg or the difference in the growth in imports.

In 2021, countries that imported more from Hong Kong than Luxembourg were China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2021, countries that imported more from Luxembourg than Hong Kong were Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

Difference in imports from Luxembourg () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Hong Kong and Luxembourg by product, considering products traded by both, Hong Kong and Luxembourg.

During 2022, Hong Kong had a large net trade with Luxembourg in the exports of Arts and Antiques ($198M), Machines ($13.6M), and Chemical Products ($3.79M).

During 2022, Luxembourg had a large net trade with Hong Kong in the exports of Machines ($381M), Arts and Antiques ($178M), and Plastics and Rubbers ($16.9M).

Service Trade

Bilateral Service Trade

Lux Year

In 2020, Luxembourg exported services to Hong Kong worth $716M, with Transportation ($708M) and Other business services ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Luxembourg () to Hong Kong () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Hong Kong.

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Luxembourg () (2022)

Exports from Luxembourg () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Luxembourg ()

Hong Kong Exports

Luxembourg Exports

Market Competitiveness

Difference in imports from Luxembourg () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Luxembourg

Service Trade

Bilateral Service Trade

Services Exports from Luxembourg () to Hong Kong () (2020)

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Luxembourg () (2022)

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