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2022
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Exports $808MRnk 70 / 221
2022
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Top Product $71.6MCheese
2022
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Exports $883MRnk 5 / 196
2022
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Top Product $48.6MElectric Heaters
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$82.3BCURRENT US$
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2012-2022
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GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$126,426CURRENT US$
Rnk 1 / 186
2012-2022
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GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186

About

Italy-Luxembourg In 2022, Italy exported $808M to Luxembourg. The main products that Italy exported to Luxembourg are Cheese ($71.6M), Vegetable Parchment ($35.3M), and Raw Plastic Sheeting ($27M). During the last 23 years the exports of Italy to Luxembourg have increased at an annualized rate of 4.28%, from $308M in 1999 to $808M in 2022.

In 2020, Italy exported services to Luxembourg worth $5.13B, with Financial services ($2.4B), Other business services ($2.01B), and Royalties and license fees ($407M) being the largest in terms of value.

Luxembourg-Italy In 2022, Luxembourg exported $883M to Italy. The main products that Luxembourg exported to Italy were Electric Heaters ($48.6M), Iron Blocks ($48.6M), and Cellulose Fibers Paper ($43.5M). During the last 23 years the exports of Luxembourg to Italy have increased at an annualized rate of 1.47%, from $630M in 1999 to $883M in 2022.

In 2020, Luxembourg exported services to Italy worth $2.73B, with Other business services ($2.49B), Transportation ($216M), and Travel ($28.6M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €22.8M and imported €41.9M from Luxembourg, resulting in a negative trade balance of €19.1M. Between December 2022 and December 2023 the exports of Italy have decreased by €-1.97M (-7.95%) from €24.8M to €22.8M, while imports increased by €10.5M (33.4%) from €31.4M to €41.9M.

Trade In December 2023, the top exports of Italy to Luxembourg were Cheese (€5.24M), Vegetable Parchment (€3.33M), Cars (€3.01M), Other Construction Vehicles (€1.83M), and Wine (€1.54M). In December 2023 the top imports of Italy from Luxembourg were Machinery Having Individual Functions (€5.11M), Electrical Control Boards (€4.16M), Telephones (€4.12M), Electric Heaters (€3.53M), and Iron Blocks (€3.4M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Luxembourg was explained primarily by an decrease in product exports in Baked Goods (€-379k or -36%), Kaolin Coated Paper (€-148k or -28.4%), and Insulated Wire (€-144k or -28%). In December 2023, the increase in Italy's year-by-year imports  from Luxembourg was explained primarily by an increase in product imports  in Telephones (€2.9M or 238%), Microphones and Headphones (€2.54M or 8.67k%), and Machinery Having Individual Functions (€2.12M or 70.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-1.97M(-7.95%)
IMPORT GROWTH (December 2022 - December 2023)€10.5M(33.4%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $808M to Luxembourg. The main products exported from Italy to Luxembourg were Cheese ($71.6M), Vegetable Parchment ($35.3M), and Raw Plastic Sheeting ($27M). During the last 23 years the exports of Italy to Luxembourg have increased at an annualized rate of 4.28%, from $308M in 1999 to $808M in 2022.

In 2022, Luxembourg exported $883M to Italy. The main products exported from Luxembourg to Italy were Electric Heaters ($48.6M), Iron Blocks ($48.6M), and Cellulose Fibers Paper ($43.5M). During the last 23 years the exports of Luxembourg to Italy have increased at an annualized rate of 1.47%, from $630M in 1999 to $883M in 2022.

Exports from Italy (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Luxembourg
Top DestinationGermany$4.15B

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

In 2021, countries that imported more from Italy than Luxembourg were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, no countries were registered that imported more from Luxembourg than from Italy.

Difference in imports from Luxembourg (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Luxembourg

Flow
Scale

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

During 2022, Italy had a large net trade with Luxembourg in the exports of Machines ($152M), Metals ($91.4M), and Animal Products ($79.1M).

During 2022, Luxembourg had a large net trade with Italy in the exports of Machines ($314M), Metals ($207M), and Plastics and Rubbers ($120M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Luxembourg worth $5.13B, with Financial services ($2.4B), Other business services ($2.01B), and Royalties and license fees ($407M) being the largest in terms of value.

In 2020, Luxembourg exported services to Italy worth $2.73B, with Other business services ($2.49B), Transportation ($216M), and Travel ($28.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Luxembourg (Flag) (2020)

Services Exports from Luxembourg (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Italy has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Italy.

Product Space of Italy (Flag) and Luxembourg (Flag) (2022)

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