Luxembourg / Italy

Luxembourg-Italy Trade: In 2023, Luxembourg exported $1.06B to Italy. The main products that Luxembourg exported to Italy were Petroleum Gas ($59.5M), Machinery Having Individual Functions ($58.8M), and Electric Heaters ($47.3M). Over the past 5 years the exports of Luxembourg to Italy have increased at an annualized rate of 9.93%, from $660M in 2018 to $1.06B in 2023.

In 2020, Luxembourg exported services to Italy worth $2.73B, with Other business services ($2.49B), Transportation ($216M), and Travel ($28.6M) being the largest in terms of value.

Italy-Luxembourg Trade: In 2023, Italy exported $874M to Luxembourg. The main products that Italy exported to Luxembourg were Cheese ($78.2M), Cars ($68.5M), and Vegetable Parchment ($46.3M). Over the past 5 years the exports of Italy to Luxembourg have increased at an annualized rate of 2.91%,  from $757M in 2018 to $874M in 2023.

In 2020, Italy exported services to Luxembourg worth $5.13B, with Financial services ($2.4B), Other business services ($2.01B), and Royalties and license fees ($407M) being the largest in terms of value.

Comparison In 2023,  Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).