2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH
37.6%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 108 / 186

About

India-Luxembourg Trade: In 2022, India exported $89M to Luxembourg. The main products that India exported to Luxembourg were Oxygen Heterocyclic Compounds ($21.7M), Raw Aluminium ($11.8M), and Other Organic Compounds ($10.7M). Over the past 5 years the exports of India to Luxembourg have increased at an annualized rate of 10.3%, from $54.5M in 2017 to $89M in 2022.

In 2022, India did not export any services to Luxembourg.

Luxembourg-India Trade: In 2022, Luxembourg exported $81.6M to India. The main products that Luxembourg exported to India were Raw Lead ($9.65M), Metal Molds ($8.26M), and Liquid Fuel Furnaces ($7.2M). Over the past 5 years the exports of Luxembourg to India have increased at an annualized rate of 7.55%,  from $49M in 2017 to $81.6M in 2022.

In 2020, Luxembourg exported services to India worth $12.6M, with Transportation ($5.71M), Travel ($4.57M), and Other business services ($2.28M) being the largest in terms of value.

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $89M to Luxembourg. The main products exported from India to Luxembourg were Oxygen Heterocyclic Compounds ($21.7M), Raw Aluminium ($11.8M), and Other Organic Compounds ($10.7M). During the last 5 years the exports of India to Luxembourg have increased at an annualized rate of 10.3%, from $54.5M in 2017 to $89M in 2022.

In 2017, Luxembourg exported $81.6M to India. The main products exported from Luxembourg to India were Raw Lead ($9.65M), Metal Molds ($8.26M), and Liquid Fuel Furnaces ($7.2M). During the last 5 years the exports of Luxembourg to India have increased at an annualized rate of 7.55%, from $49M in 2022 to $81.6M in 2017.

Exports from India (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Luxembourg
Top Destination
Germany$4.15B

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

In 2022, countries that imported more from India than Luxembourg included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Luxembourg than India included Saint Martin ($107k) and Saint Pierre and Miquelon ($9.11k).

Difference in imports from Luxembourg (Flag) and India (Flag) (2022)

Comparative Advantage India - Luxembourg

Flow
Scale

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

During 2022, India had a large net trade with Luxembourg in the exports of Chemical Products ($34.8M), Metals ($14.3M), and Machines ($9.21M).

During 2017, Luxembourg had a large net trade with India in the exports of Machines ($42.6M), Metals ($26.4M), and Mineral Products ($3.71M).

Bilateral Service Trade

In 2020, Luxembourg exported services to India worth $12.6M, with Transportation ($5.71M), Travel ($4.57M), and Other business services ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Luxembourg (Flag) (2022)

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