2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195

About

India-Luxembourg Trade: In 2023, India exported $93.3M to Luxembourg. The main products that India exported to Luxembourg were Oxygen Heterocyclic Compounds ($26.6M), Raw Tobacco ($10.3M), and Raw Aluminium ($9.84M). Over the past 5 years the exports of India to Luxembourg have increased at an annualized rate of 12%, from $52.9M in 2018 to $93.3M in 2023.

In 2023, India did not export any services to Luxembourg.

Luxembourg-India Trade: In 2023, Luxembourg exported $84M to India. The main products that Luxembourg exported to India were Metal Molds ($20.1M), Rubberworking Machinery ($11.7M), and Liquid Fuel Furnaces ($5.89M). Over the past 5 years the exports of Luxembourg to India have decreased at an annualized rate of 6.79%,  from $119M in 2018 to $84M in 2023.

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 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). 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, India exported $93.3M to Luxembourg. The main products exported from India to Luxembourg were Oxygen Heterocyclic Compounds ($26.6M), Raw Tobacco ($10.3M), and Raw Aluminium ($9.84M). During the last 5 years the exports of India to Luxembourg have increased at an annualized rate of 12%, from $52.9M in 2018 to $93.3M in 2023.

In 2018, Luxembourg exported $84M to India. The main products exported from Luxembourg to India were Metal Molds ($20.1M), Rubberworking Machinery ($11.7M), and Liquid Fuel Furnaces ($5.89M). During the last 5 years the exports of Luxembourg to India have decreased at an annualized rate of 6.79%, from $119M in 2023 to $84M in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Luxembourg
Top Destination
Germany$3.42B

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 2023, countries that imported more from India than Luxembourg included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Luxembourg than India included British Virgin Islands ($39.8M), Andorra ($2.95M), and Saint Pierre and Miquelon ($3.49k).

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

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 2023, India had a large net trade with Luxembourg in the exports of Chemical Products ($30.1M), Machines ($15.9M), and Metals ($11.3M).

During 2018, Luxembourg had a large net trade with India in the exports of Machines ($63.3M), Metals ($8.14M), and Plastics and Rubbers ($3.67M).

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) (2023)

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