In 2020, Luxembourg exported a total of $15.5B, making it the number 75 exporter in the world. During the last five reported years the exports of Luxembourg have changed by -$1.27B from $16.8B in 2015 to $15.5B in 2020.
In 2018, Luxembourg exported $157B worth of services. The top services exported by Luxembourg in 2018 were Financial services ($86.7B), Other business services ($33.9B), Transportation ($8.03B), Travel ($6.96B), and Computer and information services ($5.82B).
The top services imported by Luxembourg in 2018 were Financial services ($59.3B), Other business services ($25.5B), Royalties and license fees ($6.87B), Computer and information services ($6.18B), and Transportation ($5.86B).
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 a country currently specializes in.
This network shows the products most related to the production structure of Luxembourg. These are products that tend to be co-exported with the products that Luxembourg exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is 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 greenhouse emissions.