Trade Trend

In 2023, Luxembourg's total export value is 17.16Billion USD, total import value is 25.58Billion USD, Deficit is -8.42Billion USD, and foreign trade dependency is 0.498. In 2023，Luxembourg's top export products are Iron or nonalloy steel, angles, shapes and sections(1.14Billion USD), New pneumatic tyres, of rubber(842.80Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(826.49Million USD), top export destinations are Germany(4.29Billion USD), France(2.60Billion USD), Belgium(2.02Billion USD). In 2023, Luxembourg's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.60Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.65Billion USD), None(1.34Billion USD), top import origins are Belgium(8.27Billion USD), Germany(6.13Billion USD), France(2.80Billion USD).

Comparing to 2022, Luxembourg's total export value decreased -214.07Million USD(-1.23%) in 2023, this could result from its export decreases of products such as Iron or nonalloy steel, angles, shapes and sections(-432.07Million USD or -27.42%), Paper, paperboard, cellulose wadding and webs of cellulose fibres, coated, impregnated, covered, surfacecoloured, decorated or printed, rolls or sheets, other than goods of heading no. 4803, 4809, or 4810(-120.58Million USD or -23.96%), Aluminium; unwrought(-92.29Million USD or -20.83%) and export decreases to countries/economics such as Germany(-176.18Million USD or -3.94%), Belgium(-106.56Million USD or -5.02%), Poland(-67.24Million USD or -13.98%). Comparing to 2022, Luxembourg's total import value decreased -1.44Billion USD(-5.32%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-855.38Million USD or -34.10%), None(-310.69Million USD or -18.83%), Ferrous waste and scrap; remelting scrap ingots of iron or steel(-218.66Million USD or -26.78%), and its import decreases from countries/economies such as Germany(-528.13Million USD or -7.94%), Netherlands(-348.00Million USD or -17.85%), None(-342.62Million USD or -20.14%).

Cumulated to first 7 months of 2024, Luxembourg's total export value is 5.83Billion USD, total import value is 8.73Billion USD, and tradedeficit is -2.91Billion USD. Cumulated to first 7 months of 2024, Luxembourg's top export products are Commodities not specified according to kind(1.13Billion USD), Iron or nonalloy steel, angles, shapes and sections(300.67Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(243.68Million USD), and top export destinations are None(1.13Billion USD), Germany(980.43Million USD), France(651.63Million USD). Cumulated to first 7 months of 2024, Luxembourg's top import products are Commodities not specified according to kind(1.13Billion USD), Iron or nonalloy steel, angles, shapes and sections(300.67Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(243.68Million USD), and top import origins areBelgium(2.07Billion USD), None(1.92Billion USD), Germany(1.62Billion USD).