2023
Flag  
GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
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 GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC 
$23,401CURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195
2023
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GDP PC
$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195

About

Greece-Luxembourg Trade: In 2023, Greece exported $86.3M to Luxembourg. The main products that Greece exported to Luxembourg were Petroleum Gas ($61.5M), Rolled Tobacco ($4.21M), and Refined Petroleum ($2.99M). Over the past 5 years the exports of Greece to Luxembourg have increased at an annualized rate of 39.7%, from $16.2M in 2018 to $86.3M in 2023.

In 2020, Greece exported services to Luxembourg worth $251M, with Other business services ($75.6M), Computer and information services ($61M), and Transportation ($43.5M) being the largest in terms of value.

Luxembourg-Greece Trade: In 2023, Luxembourg exported $54.8M to Greece. The main products that Luxembourg exported to Greece were Plastic Floor Coverings ($4.33M), Petroleum Gas ($4.23M), and Iron Blocks ($3.05M). Over the past 5 years the exports of Luxembourg to Greece have decreased at an annualized rate of 2.52%,  from $62.2M in 2018 to $54.8M in 2023.

In 2020, Luxembourg exported services to Greece worth $29.7M, with Other business services ($24M), Travel ($3.43M), and Transportation ($2.28M) being the largest in terms of value.

Comparison In 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4),  and 56 in total exports ($53.3B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greece exported $86.3M to Luxembourg. The main products exported from Greece to Luxembourg were Petroleum Gas ($61.5M), Rolled Tobacco ($4.21M), and Refined Petroleum ($2.99M). During the last 5 years the exports of Greece to Luxembourg have increased at an annualized rate of 39.7%, from $16.2M in 2018 to $86.3M in 2023.

In 2018, Luxembourg exported $54.8M to Greece. The main products exported from Luxembourg to Greece were Plastic Floor Coverings ($4.33M), Petroleum Gas ($4.23M), and Iron Blocks ($3.05M). During the last 5 years the exports of Luxembourg to Greece have decreased at an annualized rate of 2.52%, from $62.2M in 2023 to $54.8M in 2018.

Exports from Greece (Flag) to Luxembourg (Flag) (2023)

Exports from Luxembourg (Flag) to Greece (Flag) (2023)

Latest Data

Trade between Greece (Flag) and Luxembourg (Flag)

Greece Exports

Luxembourg Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$6.21B
Luxembourg
Top Destination
Germany$3.42B

This map shows whether countries import more from Greece or Luxembourg. Each country is colored based on the difference in imports they receive from Greece and Luxembourg or the difference in the growth in imports.

In 2023, countries that imported more from Greece than Luxembourg included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

In 2023, countries that imported more from Luxembourg than Greece included France ($2.8B), Belgium ($1.59B), and Hong Kong ($960M).

Difference in imports from Luxembourg (Flag) and Greece (Flag) (2023)

Comparative Advantage Greece - Luxembourg

Flow
Scale

This chart compares trade between Greece and Luxembourg by product, considering products traded by both, Greece and Luxembourg.

During 2023, Greece had a large net trade with Luxembourg in the exports of Mineral Products ($64.5M), Foodstuffs ($7.82M), and Machines ($5.34M).

During 2018, Luxembourg had a large net trade with Greece in the exports of N/A.

Bilateral Service Trade

In 2020, Greece exported services to Luxembourg worth $251M, with Other business services ($75.6M), Computer and information services ($61M), and Transportation ($43.5M) being the largest in terms of value.

In 2020, Luxembourg exported services to Greece worth $29.7M, with Other business services ($24M), Travel ($3.43M), and Transportation ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to Luxembourg (Flag) (2020)

Services Exports from Luxembourg (Flag) to Greece (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Greece and Luxembourg. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Luxembourg. Similarly, a dot/product with the flag of Luxembourg indicates it has a comparative advantage over Greece.

Product Space of Greece (Flag) and Luxembourg (Flag) (2023)

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