Luxembourg (LUX) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

About

Luxembourg-Hong Kong Trade: In 2022, Luxembourg exported $628M to Hong Kong. The main products that Luxembourg exported to Hong Kong were Gas Turbines ($375M), Sculptures ($93.4M), and Paintings ($84.4M). Over the past 5 years the exports of Luxembourg to Hong Kong have increased at an annualized rate of 78.5%, from $34.7M in 2017 to $628M in 2022.

In 2020, Luxembourg exported services to Hong Kong worth $716M, with Transportation ($708M) and Other business services ($8M) being the largest in terms of value.

Hong Kong-Luxembourg Trade: In 2022, Hong Kong exported $221M to Luxembourg. The main products that Hong Kong exported to Luxembourg were Paintings ($193M), Gas Turbines ($10.1M), and Sculptures ($5.25M). Over the past 5 years the exports of Hong Kong to Luxembourg have increased at an annualized rate of 59.6%, from $21.3M in 2017 to $221M in 2022.

In 2022, Hong Kong did not export any services to Luxembourg.

Comparison In 2022, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Luxembourg exported $628M to Hong Kong. The main products exported from Luxembourg to Hong Kong were Gas Turbines ($375M), Sculptures ($93.4M), and Paintings ($84.4M). During the last 5 years the exports of Luxembourg to Hong Kong have increased at an annualized rate of 78.5%, from $34.7M in 2017 to $628M in 2022.

In 2017, Hong Kong exported $221M to Luxembourg. The main products exported from Hong Kong to Luxembourg were Paintings ($193M), Gas Turbines ($10.1M), and Sculptures ($5.25M). During the last 5 years the exports of Hong Kong to Luxembourg have increased at an annualized rate of 59.6%, from $21.3M in 2022 to $221M in 2017.

Exports from Luxembourg () to Hong Kong () (2022)

Exports from Hong Kong () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Hong Kong ()

Luxembourg Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Luxembourg
Top DestinationGermany$4.15B

Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Luxembourg than Hong Kong included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

In 2022, countries that imported more from Hong Kong than Luxembourg included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong () and Luxembourg () (2022)

Comparative Advantage Luxembourg - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Luxembourg had a large net trade with Hong Kong in the exports of Machines ($381M), Arts and Antiques ($178M), and Plastics and Rubbers ($16.9M).

During 2017, Hong Kong had a large net trade with Luxembourg in the exports of Arts and Antiques ($198M), Machines ($13.6M), and Chemical Products ($3.79M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Luxembourg () to Hong Kong () (2022)

Exports from Hong Kong () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Hong Kong ()

Luxembourg Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Luxembourg () (2022)

Comparative Advantage Luxembourg - Hong Kong

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Luxembourg () and Hong Kong () (2022)

Keep Exploring