Flag Luxembourg

2019
Product
Exports | Imports
: $16.1B | $25.3B, 78 of 225 |  72 of 225

2019
Per Capita Product
Exports | Imports
: $25.9k | $40.8k, 7 of 219 |  6 of 219

2017
Service
Exports | Imports
: $97B | $73.7B, 17 of 139 | 18 of 139

Exports: The top exports of Luxembourg are Iron Blocks ($1.02B), Rubber Tires ($663M), Coated Flat-Rolled Iron ($506M), Cars ($505M), and Iron Sheet Piling ($457M), exporting mostly to Germany ($3.66B), France ($2.06B), Belgium ($1.84B), Netherlands ($1B), and Italy ($752M).

In 2019, Luxembourg was the world's biggest exporter of Iron Sheet Piling ($457M)

Imports: The top imports of Luxembourg are Cars ($2.47B), Refined Petroleum ($1.99B), Broadcasting Equipment ($808M), Scrap Iron ($620M), and Planes, Helicopters, and/or Spacecraft ($553M), importing mostly from Belgium ($6.92B), Germany ($5.99B), France ($2.81B), Netherlands ($1.37B), and United States ($1.08B).

Location: Luxembourg borders Belgium, France, and Germany by land.

Yearly Exports

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Value
Depth

Top Export (2019): Iron Blocks, $1.02B

Top Destination (2019): Germany, $3.66B

In 2019, Luxembourg exported a total of $16.1B, making it the number 78 exporter in the world. During the last five reported years the exports of Luxembourg have changed by -$2.75B from $18.8B in 2014 to $16.1B in 2019.

The most recent exports are led by Iron Blocks ($1.02B), Rubber Tires ($663M), Coated Flat-Rolled Iron ($506M), Cars ($505M), and Iron Sheet Piling ($457M). The most common destination for the exports of Luxembourg are Germany ($3.66B), France ($2.06B), Belgium ($1.84B), Netherlands ($1B), and Italy ($752M).

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Yearly Imports

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Value
Depth

Top Import (2019): Cars, $2.47B

Top Origin (2019): Belgium, $6.92B

In 2019 Luxembourg imported $25.3B, making it the number 72 trade destination in the world. During the last five reported years the imports of Luxembourg changed by -$872M from $26.2B in 2014 to $25.3B in 2019.

The most recent imports of Luxembourg are led by Cars ($2.47B), Refined Petroleum ($1.99B), Broadcasting Equipment ($808M), Scrap Iron ($620M), and Planes, Helicopters, and/or Spacecraft ($553M). The most common import partners for Luxembourg are Belgium ($6.92B), Germany ($5.99B), France ($2.81B), Netherlands ($1.37B), and United States ($1.08B).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Luxembourg Exports Services (2017): $97B

Luxembourg Imports Services (2017): $73.7B

In 2017, Luxembourg exported $97B worth of services. The top services exported by Luxembourg in 2017 were Financial services ($57.4B), Miscellaneous business, professional, and technical services ($16.4B), Transportation ($4.91B), Travel ($4.51B), and Computer and information services ($3.79B).

The top services imported by Luxembourg in 2017 were Financial services ($41.6B), Miscellaneous business, professional, and technical services ($12.8B), Royalties and license fees ($3.96B), Transportation ($3.54B), and Computer and information services ($3.33B).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Luxembourg are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Luxembourg are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado ComΓΊn Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Most Specialized Products by RCA Index

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Luxembourg has a high level of specialization in Iron Sheet Piling (265), Iron Blocks (85.8), Polyamide Fabric (53.9), Iron Railway Products (31.4), and Copper Foil (27.4). Specialization is measured using RCA, an index that takes the ratio between Luxembourg observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Luxembourg according to the product complexity index (PCI) are Machining centre, single/multistation transfer machine (2.42), Machines nes having individual functions (2.05), Tool plates, tips, etc, sintered metal carbide, cermet (2.03), Cermets and articles thereof, waste or scrap (1.93), and Machine-tools for non-mechanical removal of material (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Luxembourg according to the relatedness index, are Large Iron Containers (0.26), Pyrophoric Alloys (0.26), Cars (0.26), Sausages (0.26), and Locomotive Parts (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Luxembourg is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.