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Luxembourg Trade Summary

2023

Luxembourg exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR LUXEMBOURG 2023

Overall Exports and Imports for Luxembourg 2023

Exports and imports of Luxembourg in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 16,368 million.
  • The total value of imports (CIF) was 26,085 million.
  • At the HS6 digit level, 3,506 products were exported to 193 countries and 4,283 products were imported from 229 countries.

Luxembourg top 5 Export and Import partners 2023

Top five countries to which Luxembourg exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Luxembourg exports to Germany worth US$ 4,177 million, with a partner share of 25.52 percent.
  2. Luxembourg exports to France worth US$ 2,548 million, with a partner share of 15.57 percent.
  3. Luxembourg exports to Belgium worth US$ 2,015 million, with a partner share of 12.31 percent.
  4. Luxembourg exports to Netherlands worth US$ 1,108 million, with a partner share of 6.77 percent.
  5. Luxembourg exports to Italy worth US$ 718 million, with a partner share of 4.39 percent.

Top five countries from which Luxembourg imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Luxembourg imports from Belgium worth US$ 6,280 million, with a partner share of 24.07 percent.
  2. Luxembourg imports from Germany worth US$ 5,805 million, with a partner share of 22.25 percent.
  3. Luxembourg imports from France worth US$ 2,739 million, with a partner share of 10.50 percent.
  4. Luxembourg imports from Unspecified worth US$ 2,151 million, with a partner share of 8.24 percent.
  5. Luxembourg imports from Netherlands worth US$ 1,228 million, with a partner share of 4.71 percent.

Luxembourg Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Luxembourg along with trade value are:

  1. Luxembourg exported Sections,H,i/nas,nfw than hot rlld,drawn/extrud , worth 895,681.85 (US$ Thousands).
  2. Luxembourg exported New pneumatic tyres, of rubber of a kind used o , worth 603,010.19 (US$ Thousands).
  3. Luxembourg exported Sheet piling,i or s whether or not drilled/punc , worth 510,543.07 (US$ Thousands).
  4. Luxembourg exported Nonwovens , worth 419,563.51 (US$ Thousands).
  5. Luxembourg exported Other self-adhesive plates, tape, strip, foil.. , worth 382,011.00 (US$ Thousands).

The top five imported HS 6 digit level products from world by Luxembourg along with trade value are

  1. Luxembourg imported Petroleum oils, etc, (excl. crude); preparation , worth 1,948,840.50 (US$ Thousands).
  2. Luxembourg imported Automobiles nes including gas turbine powered , worth 976,424.79 (US$ Thousands).
  3. Luxembourg imported Other medicaments of mixed or unmixed products, , worth 604,379.68 (US$ Thousands).
  4. Luxembourg imported Automobiles with reciprocating piston engine di , worth 538,566.83 (US$ Thousands).
  5. Luxembourg imported Automobiles with diesel engine displacing more , worth 519,694.24 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Luxembourg in 2023 are below

  • The maximum rate of tariff in percentage on any product was 188.46 percent.
  • The simple average tariff across all products was 2.83 percent.
  • The trade weighted average tariff was 2.18 .
  • The total duty free imports in thousands of US dollars were 2,040,082.99 and duty free tariff line items share was 58.63 percent.

Development Indicators 2023

Key Development Indicators of Luxembourg in 2023 are below

  • Luxembourg GDP in current US dollar was 87,574 million.
  • GNI per capita, Atlas method (current US$) was 89,650.00 .
  • Luxembourg Trade balance: as % of GDP was 31.07.
  • Trade balance in current US$ was 27,213.00 million.
  • Trade as percentage of GDP was 404.46 .
  • Trade in services as percentage of GDP was 327.13 .

Trade Indicators 2023

Trade Indicators for Luxembourg in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 6.15.
  • World Growth in percentage was -3.13 and Luxembourg Country Growth was -2.67 .