Luxembourg (LUX) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Luxembourg-Belgium Trade: In 2023, Luxembourg exported $1.59B to Belgium. The main products that Luxembourg exported to Belgium were Cars ($136M), Iron Blocks ($92M), and Plastic Lids ($57.4M). Over the past 5 years the exports of Luxembourg to Belgium have decreased at an annualized rate of 6.68%, from $2.25B in 2018 to $1.59B in 2023.

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 2023, Belgium exported $6.65B to Luxembourg. The main products that Belgium exported to Luxembourg were Refined Petroleum ($1.17B), Cars ($937M), and Packaged Medicaments ($517M). Over the past 5 years the exports of Belgium to Luxembourg have increased at an annualized rate of 1.67%, from $6.12B in 2018 to $6.65B in 2023.

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 2023, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Luxembourg exported $1.59B to Belgium. The main products exported from Luxembourg to Belgium were Cars ($136M), Iron Blocks ($92M), and Plastic Lids ($57.4M). During the last 5 years the exports of Luxembourg to Belgium have decreased at an annualized rate of 6.68%, from $2.25B in 2018 to $1.59B in 2023.

In 2018, Belgium exported $6.65B to Luxembourg. The main products exported from Belgium to Luxembourg were Refined Petroleum ($1.17B), Cars ($937M), and Packaged Medicaments ($517M). During the last 5 years the exports of Belgium to Luxembourg have increased at an annualized rate of 1.67%, from $6.12B in 2023 to $6.65B in 2018.

Exports from Luxembourg () to Belgium () (2023)

Exports from Belgium () to Luxembourg () (2023)

Latest Data

Trade between Luxembourg () and Belgium ()

Luxembourg Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Luxembourg
Top DestinationGermany$3.42B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Luxembourg than Belgium included British Virgin Islands ($39.8M) and Cook Islands ($137k).

In 2023, countries that imported more from Belgium than Luxembourg included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium () and Luxembourg () (2023)

Comparative Advantage Luxembourg - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Luxembourg had a large net trade with Belgium in the exports of Metals ($314M), Plastics and Rubbers ($234M), and Transportation ($217M).

During 2018, Belgium had a large net trade with Luxembourg in the exports of Mineral Products ($1.77B), Transportation ($1.26B), and Chemical Products ($882M).

Bilateral Service Trade

Bel Year

Lux Year

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.

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.

Service trade data is presented based on availability.

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

Services Exports from Belgium () 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 Belgium. This means that a dot/product with the flag of Luxembourg indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Luxembourg.

About

Historical Data

Bilateral Trade by Products

Exports from Luxembourg () to Belgium () (2023)

Exports from Belgium () to Luxembourg () (2023)

Latest Data

Trade between Luxembourg () and Belgium ()

Luxembourg Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Luxembourg () (2023)

Comparative Advantage Luxembourg - Belgium

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Luxembourg () and Belgium () (2023)

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