Luxembourg / Portugal

Luxembourg-Portugal Trade: In 2022, Luxembourg exported $139M to Portugal. The main products that Luxembourg exported to Portugal were Military Weapons ($19.7M), Iron Blocks ($9.94M), and Raw Zinc ($7.77M). Over the past 5 years the exports of Luxembourg to Portugal have increased at an annualized rate of 3.66%, from $116M in 2017 to $139M in 2022.

In 2020, Luxembourg exported services to Portugal worth $83.4M, with Other business services ($62.8M), Travel ($12.6M), and Transportation ($8M) being the largest in terms of value.

Portugal-Luxembourg Trade: In 2022, Portugal exported $142M to Luxembourg. The main products that Portugal exported to Luxembourg were Cars ($12.7M), Wine ($12.3M), and Beer ($4.97M). Over the past 5 years the exports of Portugal to Luxembourg have increased at an annualized rate of 2.48%,  from $126M in 2017 to $142M in 2022.

In 2020, Portugal exported services to Luxembourg worth $355M, with Travel ($179M), Other business services ($74.2M), and Royalties and license fees ($36.6M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).