Luxembourg / South Korea

Luxembourg-South Korea Trade: In 2022, Luxembourg exported $84.7M to South Korea. The main products that Luxembourg exported to South Korea were Valves ($23.8M), Copper Foil ($18.3M), and Navigation Equipment ($6.61M). Over the past 5 years the exports of Luxembourg to South Korea have increased at an annualized rate of 4.61%, from $67.6M in 2017 to $84.7M in 2022.

In 2020, Luxembourg exported services to South Korea worth $89.1M, with Transportation ($52.5M) and Other business services ($36.6M) being the largest in terms of value.

South Korea-Luxembourg Trade: In 2022, South Korea exported $108M to Luxembourg. The main products that South Korea exported to Luxembourg were Cars ($22M), Steel Wire ($12M), and Aircraft Parts ($10.6M). Over the past 5 years the exports of South Korea to Luxembourg have increased at an annualized rate of 7.04%,  from $76.7M in 2017 to $108M in 2022.

In 2005, South Korea exported services to Luxembourg worth $100M, with Services not allocated ($93.4M), Other business services ($3.5M), and Transportation ($3.1M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).