2022
Flag  
GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
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2022
Flag
 GDP
$82.3BCURRENT US$
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2012-2022
Flag
GDP GROWTH
37.6%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC 
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
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2022
Flag
GDP PC
$126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH
12.3%CURRENT US$
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About

Vietnam-Luxembourg Trade: In 2022, Vietnam exported $196M to Luxembourg. The main products that Vietnam exported to Luxembourg were Textile Footwear ($95.3M), Polyamide Fabric ($38.6M), and Coconuts, Brazil Nuts, and Cashews ($13.4M). Over the past 5 years the exports of Vietnam to Luxembourg have increased at an annualized rate of 15.8%, from $94.3M in 2017 to $196M in 2022.

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

Luxembourg-Vietnam Trade: In 2022, Luxembourg exported $51.8M to Vietnam. The main products that Luxembourg exported to Vietnam were Non-woven Textiles ($41.3M), Rubberworking Machinery ($1.27M), and Other Iron Products ($1.11M). Over the past 5 years the exports of Luxembourg to Vietnam have increased at an annualized rate of 38%,  from $10.3M in 2017 to $51.8M in 2022.

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

Comparison In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2),  and 19 in total exports ($399B). 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
Value

In 2022, Vietnam exported $196M to Luxembourg. The main products exported from Vietnam to Luxembourg were Textile Footwear ($95.3M), Polyamide Fabric ($38.6M), and Coconuts, Brazil Nuts, and Cashews ($13.4M). During the last 5 years the exports of Vietnam to Luxembourg have increased at an annualized rate of 15.8%, from $94.3M in 2017 to $196M in 2022.

In 2017, Luxembourg exported $51.8M to Vietnam. The main products exported from Luxembourg to Vietnam were Non-woven Textiles ($41.3M), Rubberworking Machinery ($1.27M), and Other Iron Products ($1.11M). During the last 5 years the exports of Luxembourg to Vietnam have increased at an annualized rate of 38%, from $10.3M in 2022 to $51.8M in 2017.

Exports from Vietnam (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and Luxembourg (Flag)

Luxembourg Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Luxembourg
Top Destination
Germany$4.15B

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

In 2022, countries that imported more from Vietnam than Luxembourg included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Luxembourg than Vietnam included Oman ($263M), Democratic Republic of the Congo ($20.3M), and Gibraltar ($7.71M).

Difference in imports from Luxembourg (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Luxembourg

Flow
Scale

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

During 2022, Vietnam had a large net trade with Luxembourg in the exports of Footwear and Headwear ($106M), Textiles ($58.2M), and Vegetable Products ($13.8M).

During 2017, Luxembourg had a large net trade with Vietnam in the exports of Textiles ($41.4M), Machines ($5.55M), and Metals ($2.87M).

Economic Complexity

Competitive Landscape

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

Product Space of Vietnam (Flag) and Luxembourg (Flag) (2022)

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