2022
Exports | Imports
$633M | $408MWorld Rnk 27 / 192
Flag Rnk 3 / 1189
World Rnk 43 / 207
Flag Rnk 7 / 1213
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.76Rnk 261 / 1025

About

Exports In 2022, Luxembourg exported $633M in Gas Turbines, making it the 27th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most exported product in Luxembourg. The main destination of Gas Turbines exports from Luxembourg are: Hong Kong ($375M), Singapore ($110M), Oman ($64.5M), United Kingdom ($42M), and Netherlands ($28.6M).

The fastest growing export markets for Gas Turbines of Luxembourg between 2021 and 2022 were Singapore ($109M), United Kingdom ($33.1M), and Hong Kong ($24M).

Imports In 2022, Luxembourg imported $408M in Gas Turbines, becoming the 43rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 7th most imported product in Luxembourg. Luxembourg imports Gas Turbines primarily from: United Kingdom ($253M), United States ($122M), Hong Kong ($10.1M), Singapore ($7.93M), and China ($2.85M).

The fastest growing import markets in Gas Turbines for Luxembourg between 2021 and 2022 were Germany ($1.75M), United Arab Emirates ($1.66M), and Netherlands ($839k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gas Turbines from Luxembourg to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$633M
IMPORTS (2022)$408M
NET TRADE (2022)$225M

In 2022, Luxembourg exported $633M in Gas Turbines. The main destinations of Luxembourg exports on Gas Turbines were Hong Kong ($375M), Singapore ($110M), Oman ($64.5M), United Kingdom ($42M), and Netherlands ($28.6M).

In 2022, Luxembourg imported $408M in Gas Turbines, mainly from United Kingdom ($253M), United States ($122M), Hong Kong ($10.1M), Singapore ($7.93M), and China ($2.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Luxembourg WERE (2021 - 2022):
Singapore$109M (23.9k%)
United Kingdom$33.1M (372%)
Hong Kong$24M (6.84%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Luxembourg WERE (2021 - 2022):
Oman-$16.1M (-20%)
China-$5.56M (-98.4%)
Chinese Taipei-$5.11M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Luxembourg's main exporting competitors in Gas Turbines were:
In 2022, Luxembourg's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

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