China (CHN) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

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China (CHN) and Luxembourg (LUX) Trade

2022

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Exports $690MRnk 140 / 211

2022

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About

China-Luxembourg In 2022, China exported $690M to Luxembourg. The main products that China exported to Luxembourg are Refined Petroleum ($98.1M), Broadcasting Equipment ($64.9M), and Computers ($40.2M). During the last 23 years the exports of China to Luxembourg have increased at an annualized rate of 11.3%, from $58.5M in 1999 to $690M in 2022.

In 2022, China did not export any services to Luxembourg.

Luxembourg-China In 2022, Luxembourg exported $293M to China. The main products that Luxembourg exported to China were Non-woven Textiles ($60.1M), Copper Foil ($45.6M), and Valves ($28.4M). During the last 23 years the exports of Luxembourg to China have increased at an annualized rate of 6.93%, from $62.7M in 1999 to $293M in 2022.

In 2020, Luxembourg exported services to China worth $809M, with Transportation ($686M), Other business services ($115M), and Travel ($6.85M) being the largest in terms of value.

Comparison In 2022, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, China exported $36.4M and imported $27.5M from Luxembourg, resulting in a positive trade balance of $8.94M. Between February 2023 and February 2024 the exports of China have increased by $4.47M (14%) from $32M to $36.4M, while imports increased by $4.35M (18.8%) from $23.2M to $27.5M.

Trade In February 2024, the top exports of China to Luxembourg were Refined Petroleum ($15.4M), Delivery Trucks ($4.24M), Computers ($3.93M), Rubberworking Machinery ($2.98M), and Commodities not elsewhere specified ($1.66M). In February 2024 the top imports of China from Luxembourg were Non-woven Textiles ($2.99M), Polyacetals ($2.8M), Valves ($2.76M), Copper Foil ($2.3M), and Iron Railway Products ($1.45M).

Origins In February 2024 the exports of China were mainly from Guangdong Province ($15.6M), Shanghai Province ($12.6M), Sichuan Province ($2.58M), Jiangsu Province ($2.16M), and Fujian Province ($1.3M), while imports destinations were mainly Shanghai Province ($9.88M), Guangdong Province ($8.99M), Jiangsu Province ($2.93M), Shandong Province ($2.03M), and Zhejiang Province ($864k).

Growth In February 2024, the increase in China's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Computers ($3.73M or 1.88k%), Refined Petroleum ($1.33M or 9.45%), and Electrical Transformers ($952k or 4.12k%). In February 2024, the increase in China's year-by-year imports from Luxembourg was explained primarily by an increase in product imports in Other Measuring Instruments ($484k or 99%), Polyacetals ($467k or 20%), and Valves ($254k or 10.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$4.47M(14%)

IMPORT GROWTH (February 2023 - February 2024)$4.35M(18.8%)

MAIN EXPORTER (February 2024)Guangdong Province$15.6M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Luxembourg and China trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, China exported $690M to Luxembourg. The main products exported from China to Luxembourg were Refined Petroleum ($98.1M), Broadcasting Equipment ($64.9M), and Computers ($40.2M). During the last 23 years the exports of China to Luxembourg have increased at an annualized rate of 11.3%, from $58.5M in 1999 to $690M in 2022.

In 2022, Luxembourg exported $293M to China. The main products exported from Luxembourg to China were Non-woven Textiles ($60.1M), Copper Foil ($45.6M), and Valves ($28.4M). During the last 23 years the exports of Luxembourg to China have increased at an annualized rate of 6.93%, from $62.7M in 1999 to $293M in 2022.

Exports from China () to Luxembourg () (2022)

Exports from Luxembourg () to China () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationUnited States$551B

Luxembourg
Top DestinationGermany$4.15B

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

In 2021, countries that imported more from China than Luxembourg were United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2021, countries that imported more from Luxembourg than China were Guam ($146k), Saint Martin ($107k), and Northern Mariana Islands ($1.19k).

Difference in imports from Luxembourg () and China () (2022)

Comparative Advantage China - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, China had a large net trade with Luxembourg in the exports of Machines ($308M), Mineral Products ($98.2M), and Metals ($51.3M).

During 2022, Luxembourg had a large net trade with China in the exports of Machines ($91M), Metals ($83.6M), and Textiles ($66.8M).

Service Trade

Bilateral Service Trade

Lux Year

In 2020, Luxembourg exported services to China worth $809M, with Transportation ($686M), Other business services ($115M), and Travel ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Luxembourg () to China () (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 China has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over China.

Product Space of China () and Luxembourg () (2022)

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