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2023
Flag → Flag
Exports $138MRnk 46 / 211
2023
Flag → Flag
Top Product $17.6MCars
2023
Flag → Flag
Exports $121MRnk 25 / 191
2023
Flag → Flag
Top Product $8.98MGlass Working Machines
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Portugal-Luxembourg Trade: In 2023, Portugal exported $138M to Luxembourg. The main products that Portugal exported to Luxembourg were Cars ($17.6M), Wine ($12.5M), and Beer ($5.94M). Over the past 5 years the exports of Portugal to Luxembourg have increased at an annualized rate of 0.43%, from $135M in 2018 to $138M in 2023.

In 2020, Portugal exported services to Luxembourg worth $355M, with Travel ($179M), Other business services ($74.2M), and Royalties and license fees ($36.6M) being the largest in terms of value.

Luxembourg-Portugal Trade: In 2023, Luxembourg exported $121M to Portugal. The main products that Luxembourg exported to Portugal were Glass Working Machines ($8.98M), Stranded Iron Wire ($8.78M), and Other Measuring Instruments ($7.04M). Over the past 5 years the exports of Luxembourg to Portugal have increased at an annualized rate of 1.8%,  from $110M in 2018 to $121M in 2023.

In 2020, Luxembourg exported services to Portugal worth $83.4M, with Other business services ($62.8M), Travel ($12.6M), and Transportation ($8M) being the largest in terms of value.

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €11.1M and imported €7.03M from Luxembourg, resulting in a positive trade balance of €4.05M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-2.66M (-19.3%) from €13.7M to €11.1M, while imports increased by €627k (9.8%) from €6.4M to €7.03M.

Trade In November 2024, the top exports of Portugal to Luxembourg were Beverages, spirits, & vinegar (€1.3M), Tin articles (€1.28M), Stone, plaster, cement, asbestos, mica. (€800k), Furniture, bedding, lamps, & prefab buildings (€595k), and Preparations of fish, crustacenas, & molluscs (€512k). In November 2024 the top imports of Portugal from Luxembourg were Machinery, mechanical appliances, & parts (€4.46M), Iron/Steel Articles (€1.25M), Iron & steel (€705k), Plastics & articles thereof (€435k), and Paints, dyes, & varnishes (€328k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Luxembourg was explained primarily by an decrease in product exports in Plastics & articles thereof (€-733k or -85.8%), Cars, tractors, trucks & parts thereof. (€-351k or -47.2%), and Knitted clothing accesories (€-223k or -74.9%). In November 2024, the increase in Portugal's year-by-year imports  from Luxembourg was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts (€3.23M or 263%), Iron/Steel Articles (€981k or 360%), and Iron & steel (€283k or 67%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-2.66M(-19.3%)
IMPORT GROWTH (November 2023 - November 2024)€627k(9.8%)

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

To check Luxembourg and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Luxembourg and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $138M to Luxembourg. The main products exported from Portugal to Luxembourg were Cars ($17.6M), Wine ($12.5M), and Beer ($5.94M). During the last 5 years the exports of Portugal to Luxembourg have increased at an annualized rate of 0.43%, from $135M in 2018 to $138M in 2023.

In 2018, Luxembourg exported $121M to Portugal. The main products exported from Luxembourg to Portugal were Glass Working Machines ($8.98M), Stranded Iron Wire ($8.78M), and Other Measuring Instruments ($7.04M). During the last 5 years the exports of Luxembourg to Portugal have increased at an annualized rate of 1.8%, from $110M in 2023 to $121M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from Portugal than Luxembourg included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

In 2023, countries that imported more from Luxembourg than Portugal included Hong Kong ($960M), Oman ($290M), and British Virgin Islands ($39.8M).

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

Comparative Advantage Portugal - Luxembourg

Flow
Scale

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

During 2023, Portugal had a large net trade with Luxembourg in the exports of Foodstuffs ($34.8M), Transportation ($19.3M), and Machines ($12.4M).

During 2018, Luxembourg had a large net trade with Portugal in the exports of Metals ($37.2M), Machines ($26.3M), and Plastics and Rubbers ($11.8M).

Bilateral Service Trade

In 2020, Portugal exported services to Luxembourg worth $355M, with Travel ($179M), Other business services ($74.2M), and Royalties and license fees ($36.6M) being the largest in terms of value.

In 2020, Luxembourg exported services to Portugal worth $83.4M, with Other business services ($62.8M), Travel ($12.6M), and Transportation ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Luxembourg (Flag) to Portugal (Flag) (N/A)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Luxembourg (Flag) (2023)

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