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

2023

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Exports $106MRnk 51 / 198

2023

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About

Hong Kong-Luxembourg Trade: In 2023, Hong Kong exported $106M to Luxembourg. The main products that Hong Kong exported to Luxembourg were Gas Turbines ($91M), Other Coloring Matter ($4.08M), and Cars ($1.68M). Over the past 5 years the exports of Hong Kong to Luxembourg have increased at an annualized rate of 42.8%, from $17.7M in 2018 to $106M in 2023.

In 2023, Hong Kong did not export any services to Luxembourg.

Luxembourg-Hong Kong Trade: In 2023, Luxembourg exported $960M to Hong Kong. The main products that Luxembourg exported to Hong Kong were Gas Turbines ($762M), Paintings ($70.8M), and Other Plastic Products ($35.4M). Over the past 5 years the exports of Luxembourg to Hong Kong have increased at an annualized rate of 17.8%, from $158M in 2018 to $960M in 2023.

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 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

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$25.3B

Luxembourg
Top DestinationGermany$3.42B

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 2023, countries that imported more from Hong Kong than Luxembourg included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Luxembourg than Hong Kong included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

Difference in imports from Luxembourg () and Hong Kong () (2023)

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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hong Kong and Luxembourg. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Luxembourg. Similarly, a dot/product with the flag of Luxembourg indicates it has a comparative advantage over Hong Kong.