Luxembourg / Russia

Luxembourg-Russia Trade: In 2023, Luxembourg exported $3.6M to Russia. The main products that Luxembourg exported to Russia were Other Coloring Matter ($1.88M), Ethylene Polymers ($717k), and X-Ray Equipment ($459k). Over the past 5 years the exports of Luxembourg to Russia have decreased at an annualized rate of 55.9%, from $215M in 2018 to $3.6M in 2023.

In 2020, Luxembourg exported services to Russia worth $50.3M, with Transportation ($24M), Other business services ($22.8M), and Travel ($3.43M) being the largest in terms of value.

Russia-Luxembourg Trade: In 2023, Russia exported $24.5M to Luxembourg. The main products that Russia exported to Luxembourg were Carbon ($18.4M), Raw Aluminium ($2.87M), and Synthetic Rubber ($1.2M). Over the past 5 years the exports of Russia to Luxembourg have decreased at an annualized rate of 24.9%,  from $103M in 2018 to $24.5M in 2023.

In 2020, Russia exported services to Luxembourg worth $245M, with Other business services ($86.6M), Transportation ($83.3M), and Royalties and license fees ($27.4M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).