Luxembourg / Belgium

Luxembourg-Belgium Trade: In 2022, Luxembourg exported $2.09B to Belgium. The main products that Luxembourg exported to Belgium were Cars ($175M), Iron Blocks ($125M), and Cellulose Fibers Paper ($78.8M). Over the past 5 years the exports of Luxembourg to Belgium have decreased at an annualized rate of 2.35%, from $2.36B in 2017 to $2.09B in 2022.

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.

Belgium-Luxembourg Trade: In 2022, Belgium exported $7.67B to Luxembourg. The main products that Belgium exported to Luxembourg were Refined Petroleum ($1.53B), Cars ($803M), and Petroleum Gas ($708M). Over the past 5 years the exports of Belgium to Luxembourg have increased at an annualized rate of 7.15%,  from $5.43B in 2017 to $7.67B in 2022.

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.

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).