Flag Luxembourg / Micronesia Flag

2021
FlagFlag
Exports
: $310k, Rnk 152 / 199

2021
FlagFlag
Top Product
: $310k, Refrigerators

2021
FlagFlag
Exports
: $712, Rnk 42 / 54

2021
FlagFlag
Top Product
: $598, Non-Knit Women's Suits

2021
Flag  
GDP
: $86.7B, CURRENT US$
Rnk 62 / 182

2011-2021
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GDP GROWTH
: 40.5%, CURRENT US$
Rnk 72 / 182

2021
Flag
 GDP
: $404M, CURRENT US$
Rnk 179 / 182

2011-2021
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GDP GROWTH
: 29.8%, CURRENT US$
Rnk 84 / 182

2021
Flag
GDP PC 
: $135,683, CURRENT US$
Rnk 1 / 182

2011-2021
Flag
GDP PC GROWTH
: 14%, CURRENT US$
Rnk 92 / 182

2021
Flag
GDP PC
: $3,477, CURRENT US$
Rnk 123 / 182

2011-2021
Flag
GDP PC GROWTH
: 15.5%, CURRENT US$
Rnk 85 / 182

Luxembourg-Micronesia In 2021, Luxembourg exported $310k to Micronesia. The main products that Luxembourg exported to Micronesia are Refrigerators ($310k). During the last 21 years the exports of Luxembourg to Micronesia have increased at an annualized rate of 24%, from $3.4k in 2000 to $310k in 2021.

In 2021, Luxembourg did not export any services to Micronesia.

Micronesia-Luxembourg In 2021, Micronesia exported $712 to Luxembourg. The main products that Micronesia exported to Luxembourg were Non-Knit Women's Suits ($598) and Air Pumps ($114). During the last 21 years the exports of Micronesia to Luxembourg have increased at an annualized rate of 4.28%, from $295 in 2000 to $712 in 2021.

In 2021, Micronesia did not export any services to Luxembourg.

Comparison In 2021,  Luxembourg ranked 76 in total exports ($19.4B). That same year, Micronesia ranked 187 in total exports ($179M). Both countries does not have data related to Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Luxembourg exported $310k to Micronesia. The main products exported from Luxembourg to Micronesia were Refrigerators ($310k). During the last 21 years the exports of Luxembourg to Micronesia have increased at an annualized rate of 24%, from $3.4k in 2000 to $310k in 2021.

In 2021, Micronesia exported $712 to Luxembourg. The main products exported from Micronesia to Luxembourg were Non-Knit Women's Suits ($598) and Air Pumps ($114). During the last 11 years the exports of Micronesia to Luxembourg have increased at an annualized rate of 4.28%, from $295 in 2010 to $712 in 2021.

Market Competitiveness

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Color

Luxembourg
Top Destination
: Germany, $4.07B

Micronesia
Top Destination
: Thailand, $145M

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

In 2021, countries that imported more from Luxembourg than Micronesia were Germany ($4.07B), France ($3B), and Belgium ($2.16B).

In 2021, countries that imported more from Micronesia than Luxembourg were Thailand ($145M).

Comparative Advantage Luxembourg - Micronesia

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Flow
Scale

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

During 2021, Luxembourg had a large net trade with Micronesia in the exports of Machines ($310k).

During 2021, Micronesia had a large net trade with Luxembourg in the exports of Textiles ($598) and Machines ($114).

Economic Complexity

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Competitive Landscape

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