Overview In 2020 Luxembourg was the number 75 economy in the world in terms of total exports and the number 72 in total imports.

Exports The top exports of Luxembourg are Iron Blocks ($821M), Cars ($619M), Rubber Tires ($555M), Iron Sheet Piling ($400M), and Cellulose Fibers Paper ($366M), exporting mostly to Germany ($3.46B), France ($2.55B), Belgium ($1.78B), Netherlands ($943M), and Italy ($580M).

Imports The top imports of Luxembourg are Cars ($2.09B), Refined Petroleum ($1.07B), Packaged Medicaments ($554M), Scrap Iron ($532M), and Planes, Helicopters, and/or Spacecraft ($512M), importing mostly from Germany ($5.86B), Belgium ($5.48B), France ($2.17B), Netherlands ($1.3B), and China ($835M).

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

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The following section uses the most recent trade data from partners of Luxembourg.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Iron Blocks, $821M

Top Destination (2020): Germany, $5.86B

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.

The most recent exports are led by Iron Blocks ($821M), Cars ($619M), Rubber Tires ($555M), Iron Sheet Piling ($400M), and Cellulose Fibers Paper ($366M). The most common destination for the exports of Luxembourg are Germany ($3.46B), France ($2.55B), Belgium ($1.78B), Netherlands ($943M), and Italy ($580M).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Luxembourg Exports Services (2018): $157B

Luxembourg Imports Services (2018): $115B

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).

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 (230), Iron Blocks (76.1), Polyamide Fabric (73.9), Iron Railway Products (28.1), and Borates (27.4). Specialization is measured using RCA, an index that takes the ratio between Luxembourg observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Luxembourg according to the relatedness index, are Locomotive Parts (0.25), Electricity (0.25), Rock Wool (0.25), Other Fermented Beverages (0.25), and Other Heating Machinery (0.25). 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 a country currently specializes in.

Relatedness Space

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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.

Diversification Frontier

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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.