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2023
Flag → Flag
Exports $127MRnk 88 / 142
2023
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Top Product $43.9MCars
2023
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Exports $61MRnk 36 / 191
2023
Flag → Flag
Top Product $16.2MValves
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
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GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
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GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

South Korea-Luxembourg Trade: In 2023, South Korea exported $127M to Luxembourg. The main products that South Korea exported to Luxembourg were Cars ($43.9M), Other Stone Articles ($16.8M), and Broadcasting Equipment ($10.6M). Over the past 5 years the exports of South Korea to Luxembourg have decreased at an annualized rate of 2.54%, from $145M in 2018 to $127M in 2023.

In 2005, South Korea exported services to Luxembourg worth $100M, with Services not allocated ($93.4M), Other business services ($3.5M), and Transportation ($3.1M) being the largest in terms of value.

Luxembourg-South Korea Trade: In 2023, Luxembourg exported $61M to South Korea. The main products that Luxembourg exported to South Korea were Valves ($16.2M), Copper Foil ($15.8M), and Navigation Equipment ($5.07M). Over the past 5 years the exports of Luxembourg to South Korea have decreased at an annualized rate of 3.17%,  from $71.6M in 2018 to $61M in 2023.

In 2020, Luxembourg exported services to South Korea worth $89.1M, with Transportation ($52.5M) and Other business services ($36.6M) being the largest in terms of value.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $3.8M and imported $10.1M from Luxembourg, resulting in a negative trade balance of $6.27M. Between January 2024 and January 2025 the exports of South Korea have increased by $512k (15.6%) from $3.28M to $3.8M, while imports increased by $6.05M (151%) from $4.01M to $10.1M.

Trade In January 2025, the top exports of South Korea to Luxembourg were Coated, covered, & laminated fabrics for... ($1.07M), Electrical machinery and electronics ($1.07M), Machinery, mechanical appliances, & parts ($929k), Plastics & articles thereof ($61k), and Tools & cutlery ($52k). In January 2025 the top imports of South Korea from Luxembourg were Copper articles ($1.19M), Machinery, mechanical appliances, & parts ($786k), Plastics & articles thereof ($535k), Electrical machinery and electronics ($411k), and Wadding, felt, nonwovens, twin, ropes, &... ($382k).

Growth In January 2025, the increase in South Korea's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Electrical machinery and electronics ($769k or 260%), Coated, covered, & laminated fabrics for... ($347k or 47.8%), and Machinery, mechanical appliances, & parts ($92k or 11%). In January 2025, the increase in South Korea's year-by-year imports  from Luxembourg was explained primarily by an increase in product imports  in Wadding, felt, nonwovens, twin, ropes, &... ($332k or 664%), Optical, photo, & film equipment; medical... ($81k or 312%), and Plastics & articles thereof ($67k or 14.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$512k(15.6%)
IMPORT GROWTH (January 2024 - January 2025)$6.05M(151%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Luxembourg and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Luxembourg and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $127M to Luxembourg. The main products exported from South Korea to Luxembourg were Cars ($43.9M), Other Stone Articles ($16.8M), and Broadcasting Equipment ($10.6M). During the last 5 years the exports of South Korea to Luxembourg have decreased at an annualized rate of 2.54%, from $145M in 2018 to $127M in 2023.

In 2018, Luxembourg exported $61M to South Korea. The main products exported from Luxembourg to South Korea were Valves ($16.2M), Copper Foil ($15.8M), and Navigation Equipment ($5.07M). During the last 5 years the exports of Luxembourg to South Korea have decreased at an annualized rate of 3.17%, from $71.6M in 2023 to $61M in 2018.

Exports from South Korea (Flag) to Luxembourg (Flag) (2023)

Exports from Luxembourg (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from South Korea than Luxembourg included China ($162B), United States ($118B), and Japan ($28.4B).

In 2023, countries that imported more from Luxembourg than South Korea included Vietnam ($68.1M), British Virgin Islands ($39.8M), and Algeria ($18M).

Difference in imports from Luxembourg (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Luxembourg

Flow
Scale

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

During 2023, South Korea had a large net trade with Luxembourg in the exports of Transportation ($45.9M), Machines ($27.5M), and Plastics and Rubbers ($18M).

During 2018, Luxembourg had a large net trade with South Korea in the exports of Machines ($29.6M), Metals ($22.7M), and Textiles ($4.43M).

Bilateral Service Trade

In 2005, South Korea exported services to Luxembourg worth $100M, with Services not allocated ($93.4M), Other business services ($3.5M), and Transportation ($3.1M) being the largest in terms of value.

In 2020, Luxembourg exported services to South Korea worth $89.1M, with Transportation ($52.5M) and Other business services ($36.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Luxembourg (Flag) (2005)

Services Exports from Luxembourg (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Luxembourg (Flag) (2023)

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