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2023
Flag → Flag
Exports $213MRnk 64 / 142
2023
Flag → Flag
Top Product $118MTextile Footwear
2023
Flag → Flag
Exports $68.1MRnk 34 / 191
2023
Flag → Flag
Top Product $54.5MNon-woven Textiles
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
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GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
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GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Vietnam-Luxembourg Trade: In 2023, Vietnam exported $213M to Luxembourg. The main products that Vietnam exported to Luxembourg were Textile Footwear ($118M), Stranded Iron Wire ($20.8M), and Coconuts, Brazil Nuts, and Cashews ($16.6M). Over the past 5 years the exports of Vietnam to Luxembourg have increased at an annualized rate of 0.42%, from $208M in 2018 to $213M in 2023.

In 2023, Vietnam did not export any services to Luxembourg.

Luxembourg-Vietnam Trade: In 2023, Luxembourg exported $68.1M to Vietnam. The main products that Luxembourg exported to Vietnam were Non-woven Textiles ($54.5M), Iron Blocks ($4.13M), and Refrigerators ($1.61M). Over the past 5 years the exports of Luxembourg to Vietnam have increased at an annualized rate of 15.8%,  from $32.7M in 2018 to $68.1M in 2023.

In 2023, Luxembourg did not export any services to Vietnam.

Comparison In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067),  and 15 in total exports ($424B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $213M to Luxembourg. The main products exported from Vietnam to Luxembourg were Textile Footwear ($118M), Stranded Iron Wire ($20.8M), and Coconuts, Brazil Nuts, and Cashews ($16.6M). During the last 5 years the exports of Vietnam to Luxembourg have increased at an annualized rate of 0.42%, from $208M in 2018 to $213M in 2023.

In 2018, Luxembourg exported $68.1M to Vietnam. The main products exported from Luxembourg to Vietnam were Non-woven Textiles ($54.5M), Iron Blocks ($4.13M), and Refrigerators ($1.61M). During the last 5 years the exports of Luxembourg to Vietnam have increased at an annualized rate of 15.8%, from $32.7M in 2023 to $68.1M in 2018.

Exports from Vietnam (Flag) to Luxembourg (Flag) (2023)

Exports from Luxembourg (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Luxembourg (Flag)

Luxembourg Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from Vietnam than Luxembourg included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Luxembourg than Vietnam included Belgium ($1.59B), Oman ($290M), and South Korea ($61M).

Difference in imports from Luxembourg (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Luxembourg

Flow
Scale

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

During 2023, Vietnam had a large net trade with Luxembourg in the exports of Footwear and Headwear ($131M), Metals ($21.9M), and Textiles ($18M).

During 2018, Luxembourg had a large net trade with Vietnam in the exports of Textiles ($54.5M), Machines ($6.37M), and Metals ($5.78M).

Economic Complexity

Competitive Landscape

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

Product Space of Vietnam (Flag) and Luxembourg (Flag) (2023)

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