Russia (RUS) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Luxembourg (LUX) Trade

2022

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Exports $36.2MRnk 100 / 138

2022

→

About

Russia-Luxembourg Trade: In 2022, Russia exported $36.2M to Luxembourg. The main products that Russia exported to Luxembourg were Raw Aluminium ($11.9M), Carbon ($11.6M), and Plywood ($3.31M). Over the past 5 years the exports of Russia to Luxembourg have decreased at an annualized rate of 17.6%, from $95.3M in 2017 to $36.2M in 2022.

In 2020, Russia exported services to Luxembourg worth $245M, with Other business services ($86.6M), Transportation ($83.3M), and Royalties and license fees ($27.4M) being the largest in terms of value.

Luxembourg-Russia Trade: In 2022, Luxembourg exported $51.9M to Russia. The main products that Luxembourg exported to Russia were Other Coloring Matter ($7.33M), Cellulose Fibers Paper ($6.12M), and Self-adhesive Plastics ($5.5M). Over the past 5 years the exports of Luxembourg to Russia have decreased at an annualized rate of 22.7%, from $188M in 2017 to $51.9M in 2022.

In 2020, Luxembourg exported services to Russia worth $50.3M, with Transportation ($24M), Other business services ($22.8M), and Travel ($3.43M) being the largest in terms of value.

Comparison In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $1.32M and imported $8.78M from Luxembourg, resulting in a negative trade balance of $7.45M. Between January 2021 and January 2022 the exports of Russia have increased by $342k (34.8%) from $983k to $1.32M, while imports increased by $1.13M (14.8%) from $7.64M to $8.78M.

Trade In January 2022, the top exports of Russia to Luxembourg were Iron Wire ($710k), Rubber Tires ($113k), Plywood ($70.5k), Artificial Graphite ($60k), and Steel Wire ($14.2k). In January 2022 the top imports of Russia from Luxembourg were Rubber Tires ($2.31M), Cellulose Fibers Paper ($1.17M), Self-adhesive Plastics ($689k), Metal Molds ($592k), and Rubberworking Machinery ($592k).

Origins In January 2022 the exports of Russia were mainly from CHELYABINSK REGION ($412k), SVERDLOVSK REGION ($299k), VORONEZH REGION ($244k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($114k), and REPUBLIC OF BASHKORTOSTAN ($77.8k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5.45M), ST. PETERSBURG ($1.05M), SVERDLOVSK REGION ($659k), KALININGRAD REGION ($444k), and MOSCOW REGION ($202k).

Growth In January 2022, the increase in Russia's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Iron Wire ($385k or 119%) and Plywood ($43.4k or 160%). In January 2022, the increase in Russia's year-by-year imports from Luxembourg was explained primarily by an increase in product imports in Non-woven Textiles ($224k or 313%), Rubber Tires ($185k or 8.68%), and Ethylene Polymers ($84.9k or 120%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$342k(34.8%)

IMPORT GROWTH (January 2021 - January 2022)$1.13M(14.8%)

MAIN EXPORTER (January 2022)CHELYABINSK REGION$412k

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $36.2M to Luxembourg. The main products exported from Russia to Luxembourg were Raw Aluminium ($11.9M), Carbon ($11.6M), and Plywood ($3.31M). During the last 5 years the exports of Russia to Luxembourg have decreased at an annualized rate of 17.6%, from $95.3M in 2017 to $36.2M in 2022.

In 2017, Luxembourg exported $51.9M to Russia. The main products exported from Luxembourg to Russia were Other Coloring Matter ($7.33M), Cellulose Fibers Paper ($6.12M), and Self-adhesive Plastics ($5.5M). During the last 5 years the exports of Luxembourg to Russia have decreased at an annualized rate of 22.7%, from $188M in 2022 to $51.9M in 2017.

Exports from Russia () to Luxembourg () (2022)

Exports from Luxembourg () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Luxembourg
Top DestinationGermany$4.15B

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

In 2022, countries that imported more from Russia than Luxembourg included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Luxembourg than Russia included Austria ($632M), Saudi Arabia ($42.6M), and Algeria ($14.7M).

Difference in imports from Luxembourg () and Russia () (2022)

Comparative Advantage Russia - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Luxembourg in the exports of Chemical Products ($14.5M), Metals ($12.6M), and Wood Products ($3.41M).

During 2017, Luxembourg had a large net trade with Russia in the exports of Machines ($14.9M), Plastics and Rubbers ($12.1M), and Chemical Products ($8.71M).

Bilateral Service Trade

Lux Year

Rus Year

In 2020, Luxembourg exported services to Russia worth $50.3M, with Transportation ($24M), Other business services ($22.8M), and Travel ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Luxembourg () (2020)

Services Exports from Luxembourg () to Russia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Luxembourg () (2022)

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