Luxembourg / Italy

Luxembourg-Italy Trade: In 2022, Luxembourg exported $883M to Italy. The main products that Luxembourg exported to Italy were Electric Heaters ($48.6M), Iron Blocks ($48.6M), and Cellulose Fibers Paper ($43.5M). Over the past 5 years the exports of Luxembourg to Italy have increased at an annualized rate of 3.61%, from $739M in 2017 to $883M in 2022.

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 2022, Italy exported $808M to Luxembourg. The main products that Italy exported to Luxembourg were Cheese ($71.6M), Vegetable Parchment ($35.3M), and Raw Plastic Sheeting ($27M). Over the past 5 years the exports of Italy to Luxembourg have increased at an annualized rate of 5.66%,  from $614M in 2017 to $808M in 2022.

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 2022,  Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).