Portugal (PRT) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

About

Portugal-Luxembourg In 2022, Portugal exported $142M to Luxembourg. The main products that Portugal exported to Luxembourg are Cars ($12.7M), Wine ($12.3M), and Beer ($4.97M). During the last 23 years the exports of Portugal to Luxembourg have increased at an annualized rate of 6.38%, from $34.2M in 1999 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.

Luxembourg-Portugal 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). During the last 23 years the exports of Luxembourg to Portugal have increased at an annualized rate of 3.26%, from $66.6M in 1999 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.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €9.68M and imported €7.94M from Luxembourg, resulting in a positive trade balance of €1.74M. Between January 2023 and January 2024 the exports of Portugal have increased by €153k (1.61%) from €9.53M to €9.68M, while imports decreased by €-703k (-8.13%) from €8.64M to €7.94M.

Trade In January 2024, the top exports of Portugal to Luxembourg were Beverages, spirits, & vinegar (€1.3M), Tin articles (€1.28M), Stone, plaster, cement, asbestos, mica. (€800k), Furniture, bedding, lamps, & prefab buildings (€595k), and Preparations of fish, crustacenas, & molluscs (€512k). In January 2024 the top imports of Portugal from Luxembourg were Machinery, mechanical appliances, & parts (€4.46M), Iron or steel articles (€1.25M), Iron & steel (€705k), Plastics & articles thereof (€435k), and Paints, dyes, & varnishes (€328k).

Growth In January 2024, the increase in Portugal's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Stone, plaster, cement, asbestos, mica. (€380k or 90.6%), Machinery, mechanical appliances, & parts (€208k or 144%), and Edible products of animal origin, n.e.s. (€101k or 38.3%). In January 2024, the decrease in Portugal's year-by-year imports from Luxembourg was explained primarily by an decrease in product imports in Inorganic chemicals (€-550k or -84.7%), Zinc articles (€-535k or -100%), and Tobacco & substitutes (€-420k or -58.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€153k(1.61%)

IMPORT GROWTH (January 2023 - January 2024)€-703k(-8.13%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Luxembourg and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $142M to Luxembourg. The main products exported from Portugal to Luxembourg were Cars ($12.7M), Wine ($12.3M), and Beer ($4.97M). During the last 23 years the exports of Portugal to Luxembourg have increased at an annualized rate of 6.38%, from $34.2M in 1999 to $142M in 2022.

In 2022, Luxembourg exported $139M to Portugal. The main products exported from Luxembourg to Portugal were Military Weapons ($19.7M), Iron Blocks ($9.94M), and Raw Zinc ($7.77M). During the last 23 years the exports of Luxembourg to Portugal have increased at an annualized rate of 3.26%, from $66.6M in 1999 to $139M in 2022.

Exports from Portugal () to Luxembourg () (2022)

Exports from Luxembourg () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Luxembourg
Top DestinationGermany$4.15B

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

In 2021, countries that imported more from Portugal than Luxembourg were Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2021, countries that imported more from Luxembourg than Portugal were Hong Kong ($628M), Oman ($263M), and Belgium ($2.09B).

Difference in imports from Luxembourg () and Portugal () (2022)

Comparative Advantage Portugal - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Luxembourg in the exports of Foodstuffs ($35M), Transportation ($14.4M), and Machines ($14M).

During 2022, Luxembourg had a large net trade with Portugal in the exports of Metals ($38.6M), Machines ($29.5M), and Weapons ($19.7M).

Service Trade

Bilateral Service Trade

Lux Year

Prt Year

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.

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.

Service trade data is presented based on availability.

Services Exports from Portugal () to Luxembourg () (2020)

Services Exports from Luxembourg () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Portugal.

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Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Luxembourg () (2022)

Exports from Luxembourg () to Portugal () (2022)

Market Competitiveness

Difference in imports from Luxembourg () and Portugal () (2022)

Comparative Advantage Portugal - Luxembourg

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Luxembourg () (2020)

Services Exports from Luxembourg () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Luxembourg () (2022)

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