Belgium / Luxembourg

Belgium-Luxembourg Trade: In 2023, Belgium exported $6.65B to Luxembourg. The main products that Belgium exported to Luxembourg were Refined Petroleum ($1.17B), Cars ($937M), and Packaged Medicaments ($517M). Over the past 5 years the exports of Belgium to Luxembourg have increased at an annualized rate of 1.67%, from $6.12B in 2018 to $6.65B in 2023.

In 2020, Belgium exported services to Luxembourg worth $5.17B, with Other business services ($1.46B), Travel ($1.01B), and Financial services ($978M) being the largest in terms of value.

Luxembourg-Belgium Trade: In 2023, Luxembourg exported $1.59B to Belgium. The main products that Luxembourg exported to Belgium were Cars ($136M), Iron Blocks ($92M), and Plastic Lids ($57.4M). Over the past 5 years the exports of Luxembourg to Belgium have decreased at an annualized rate of 6.68%,  from $2.25B in 2018 to $1.59B in 2023.

In 2020, Luxembourg exported services to Belgium worth $2.34B, with Travel ($1.26B), Transportation ($575M), and Other business services ($506M) being the largest in terms of value.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.