2023
Flag  
GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
 GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
GDP PC 
$128,678CURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC
$23,401CURRENT US$
Rnk 53 / 196
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195

About

Luxembourg-Greece Trade: In 2023, Luxembourg exported $54.8M to Greece. The main products that Luxembourg exported to Greece were Plastic Floor Coverings ($4.33M), Petroleum Gas ($4.23M), and Iron Blocks ($3.05M). Over the past 5 years the exports of Luxembourg to Greece have decreased at an annualized rate of 2.52%, from $62.2M in 2018 to $54.8M in 2023.

In 2020, Luxembourg exported services to Greece worth $29.7M, with Other business services ($24M), Travel ($3.43M), and Transportation ($2.28M) being the largest in terms of value.

Greece-Luxembourg Trade: In 2023, Greece exported $86.3M to Luxembourg. The main products that Greece exported to Luxembourg were Petroleum Gas ($61.5M), Rolled Tobacco ($4.21M), and Refined Petroleum ($2.99M). Over the past 5 years the exports of Greece to Luxembourg have increased at an annualized rate of 39.7%,  from $16.2M in 2018 to $86.3M in 2023.

In 2020, Greece exported services to Luxembourg worth $251M, with Other business services ($75.6M), Computer and information services ($61M), and Transportation ($43.5M) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Luxembourg exported $54.8M to Greece. The main products exported from Luxembourg to Greece were Plastic Floor Coverings ($4.33M), Petroleum Gas ($4.23M), and Iron Blocks ($3.05M). During the last 5 years the exports of Luxembourg to Greece have decreased at an annualized rate of 2.52%, from $62.2M in 2018 to $54.8M in 2023.

In 2018, Greece exported $86.3M to Luxembourg. The main products exported from Greece to Luxembourg were Petroleum Gas ($61.5M), Rolled Tobacco ($4.21M), and Refined Petroleum ($2.99M). During the last 5 years the exports of Greece to Luxembourg have increased at an annualized rate of 39.7%, from $16.2M in 2023 to $86.3M in 2018.

Exports from Luxembourg (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to Luxembourg (Flag) (2023)

Latest Data

Trade between Luxembourg (Flag) and Greece (Flag)

Luxembourg Exports

Greece Exports

Market Competitiveness

Color
Luxembourg
Top Destination
Germany$3.42B
Greece
Top Destination
Italy$6.21B

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

In 2023, countries that imported more from Luxembourg than Greece included France ($2.8B), Belgium ($1.59B), and Hong Kong ($960M).

In 2023, countries that imported more from Greece than Luxembourg included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

Difference in imports from Greece (Flag) and Luxembourg (Flag) (2023)

Comparative Advantage Luxembourg - Greece

Flow
Scale

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

During 2023, Luxembourg had a large net trade with Greece in the exports of Machines ($12.7M), Plastics and Rubbers ($10.5M), and Chemical Products ($5.08M).

During 2018, Greece had a large net trade with Luxembourg in the exports of Mineral Products ($64.5M), Foodstuffs ($7.82M), and Machines ($5.34M).

Bilateral Service Trade

In 2020, Luxembourg exported services to Greece worth $29.7M, with Other business services ($24M), Travel ($3.43M), and Transportation ($2.28M) being the largest in terms of value.

In 2020, Greece exported services to Luxembourg worth $251M, with Other business services ($75.6M), Computer and information services ($61M), and Transportation ($43.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Luxembourg (Flag) and Greece (Flag) (2023)

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