Singapore (SGP) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

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Singapore-Luxembourg Trade: In 2022, Singapore exported $58.3M to Luxembourg. The main products that Singapore exported to Luxembourg were Other Measuring Instruments ($19.1M), Machinery Having Individual Functions ($17.7M), and Gas Turbines ($7.93M). Over the past 5 years the exports of Singapore to Luxembourg have increased at an annualized rate of 15.2%, from $28.8M in 2017 to $58.3M in 2022.

In 2022, Singapore did not export any services to Luxembourg.

Luxembourg-Singapore Trade: In 2022, Luxembourg exported $149M to Singapore. The main products that Luxembourg exported to Singapore were Gas Turbines ($110M), Iron Blocks ($15.9M), and Copper Foil ($2.98M). Over the past 5 years the exports of Luxembourg to Singapore have increased at an annualized rate of 24.1%, from $50.6M in 2017 to $149M in 2022.

In 2020, Luxembourg exported services to Singapore worth $93.7M, with Transportation ($81.1M) and Other business services ($12.6M) being the largest in terms of value.

Comparison In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $58.3M to Luxembourg. The main products exported from Singapore to Luxembourg were Other Measuring Instruments ($19.1M), Machinery Having Individual Functions ($17.7M), and Gas Turbines ($7.93M). During the last 5 years the exports of Singapore to Luxembourg have increased at an annualized rate of 15.2%, from $28.8M in 2017 to $58.3M in 2022.

In 2017, Luxembourg exported $149M to Singapore. The main products exported from Luxembourg to Singapore were Gas Turbines ($110M), Iron Blocks ($15.9M), and Copper Foil ($2.98M). During the last 5 years the exports of Luxembourg to Singapore have increased at an annualized rate of 24.1%, from $50.6M in 2022 to $149M in 2017.

Exports from Singapore () to Luxembourg () (2022)

Exports from Luxembourg () to Singapore () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Luxembourg
Top DestinationGermany$4.15B

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

In 2022, countries that imported more from Singapore than Luxembourg included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Luxembourg than Singapore included France ($3.07B), Austria ($632M), and Sweden ($289M).

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

Comparative Advantage Singapore - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Luxembourg in the exports of Machines ($35M), Instruments ($20.3M), and Plastics and Rubbers ($1.06M).

During 2017, Luxembourg had a large net trade with Singapore in the exports of Machines ($118M), Metals ($20.8M), and Plastics and Rubbers ($3.26M).

Bilateral Service Trade

Lux Year

In 2020, Luxembourg exported services to Singapore worth $93.7M, with Transportation ($81.1M) and Other business services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Luxembourg () (2022)

Exports from Luxembourg () to Singapore () (2022)

Market Competitiveness

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

Comparative Advantage Singapore - Luxembourg

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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