Luxembourg (LUX) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Luxembourg-Austria Trade: In 2022, Luxembourg exported $632M to Austria. The main products that Luxembourg exported to Austria were Iron Blocks ($66.5M), Raw Zinc ($62M), and Carbides ($31.9M). Over the past 5 years the exports of Luxembourg to Austria have increased at an annualized rate of 11.2%, from $372M in 2017 to $632M in 2022.

In 2020, Luxembourg exported services to Austria worth $118M, with Transportation ($61.7M), Other business services ($50.3M), and Travel ($5.71M) being the largest in terms of value.

Austria-Luxembourg Trade: In 2022, Austria exported $215M to Luxembourg. The main products that Austria exported to Luxembourg were Iron Railway Products ($16.8M), Cars ($7.11M), and Other Engines ($7.07M). Over the past 5 years the exports of Austria to Luxembourg have increased at an annualized rate of 3.85%, from $178M in 2017 to $215M in 2022.

In 2020, Austria exported services to Luxembourg worth $594M, with Transportation ($202M), Other business services ($115M), and Financial services ($73.1M) being the largest in terms of value.

Comparison In 2022, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Luxembourg exported $632M to Austria. The main products exported from Luxembourg to Austria were Iron Blocks ($66.5M), Raw Zinc ($62M), and Carbides ($31.9M). During the last 5 years the exports of Luxembourg to Austria have increased at an annualized rate of 11.2%, from $372M in 2017 to $632M in 2022.

In 2017, Austria exported $215M to Luxembourg. The main products exported from Austria to Luxembourg were Iron Railway Products ($16.8M), Cars ($7.11M), and Other Engines ($7.07M). During the last 5 years the exports of Austria to Luxembourg have increased at an annualized rate of 3.85%, from $178M in 2022 to $215M in 2017.

Exports from Luxembourg () to Austria () (2022)

Exports from Austria () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Austria ()

Luxembourg Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Luxembourg
Top DestinationGermany$4.15B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Luxembourg than Austria included Oman ($263M), Hong Kong ($628M), and Democratic Republic of the Congo ($20.3M).

In 2022, countries that imported more from Austria than Luxembourg included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Luxembourg - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Luxembourg had a large net trade with Austria in the exports of Metals ($323M), Chemical Products ($55.6M), and Plastics and Rubbers ($51.1M).

During 2017, Austria had a large net trade with Luxembourg in the exports of Machines ($54.4M), Metals ($43.9M), and Chemical Products ($20.6M).

Potential Exports

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Bilateral Service Trade

Aut Year

Lux Year

In 2020, Luxembourg exported services to Austria worth $118M, with Transportation ($61.7M), Other business services ($50.3M), and Travel ($5.71M) being the largest in terms of value.

In 2020, Austria exported services to Luxembourg worth $594M, with Transportation ($202M), Other business services ($115M), and Financial services ($73.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Luxembourg () to Austria () (2020)

Services Exports from Austria () to Luxembourg () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Luxembourg () to Austria () (2022)

Exports from Austria () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Austria ()

Luxembourg Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Luxembourg - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Luxembourg () to Austria () (2020)

Services Exports from Austria () to Luxembourg () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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