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Exports In 2023, Luxembourg exported $1.28B in Iron Blocks, making it the 5th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 1st most exported product in Luxembourg. The main destination of Iron Blocks exports from Luxembourg are: Germany ($282M), Netherlands ($163M), France ($117M), Belgium ($92M), and United States ($73.4M).

The fastest growing export markets for Iron Blocks of Luxembourg between 2022 and 2023 were United Kingdom ($26.6M), Canada ($19.1M), and United States ($13.3M).

Imports In 2023, Luxembourg imported $30.1M in Iron Blocks, becoming the 86th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 170th most imported product in Luxembourg. Luxembourg imports Iron Blocks primarily from: Germany ($12M), Poland ($8.01M), Belgium ($4.35M), France ($2.01M), and Spain ($923k).

The fastest growing import markets in Iron Blocks for Luxembourg between 2022 and 2023 were Romania ($828k), Spain ($775k), and Italy ($196k).

Latest Trends

Dec 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 Iron Blocks. 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 (2023)$1.28B
IMPORTS (2023)$30.1M
NET TRADE (2023)$1.25B

In 2023, Luxembourg exported $1.28B in Iron Blocks. The main destinations of Luxembourg exports on Iron Blocks were Germany ($282M), Netherlands ($163M), France ($117M), Belgium ($92M), and United States ($73.4M).

In 2023, Luxembourg imported $30.1M in Iron Blocks, mainly from Germany ($12M), Poland ($8.01M), Belgium ($4.35M), France ($2.01M), and Spain ($923k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Luxembourg WERE (2022 - 2023):
United Kingdom$26.6M (84.3%)
Canada$19.1M (47.2%)
United States$13.3M (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Luxembourg WERE (2022 - 2023):
Germany-$129M (-31.4%)
Netherlands-$53.6M (-24.7%)
Belgium-$39.1M (-29.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Luxembourg's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Luxembourg's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

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Iron Blocks’s highest export potential is N/A. With an export gap of N/A.   Iron Blocks’s highest import potential is N/A with an import gap of N/A.

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