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21-11-2023
Luxembourg's exports to the rest of the world in 2022 are valued at $16.8 billion. This amount represents an increase of 3.5% compared to $16.2 billion in 2021.
Luxembourg's Most Valuable Trading Partners
The latest country-specific data shows that Luxembourg's exports are mainly purchased by importers from Germany (25.5% of Luxembourg's total), France (15.3%), Belgium (12.4%), the Netherlands (6.9%), Italy (4.3%), the United States (2.9%), Poland (2.74%), the United Kingdom (2.65%), Spain (2.55%), Austria (2.55%), the United Kingdom (2.65%) and the United States (2.55%). ), Austria (2.1%), Mainland China (1.5%) and Switzerland (1.4%).
Luxembourg's Top 10 Exports
1. Machinery including computers: $2.1 billion (12.7% of total exports)
2. Iron and steel: US$2 billion (11.9%)
3. Plastics, plastic products: 1.9 billion dollars (11.2%)
4. Vehicles: $1.4 billion (8.1%)
5. Iron and steel products: $1 billion (6.2%)
6. Motors, equipment: $817.4 million (4.9%)
7. Rubber, rubber products: $734.2 million (4.4%)
8. Aluminum: $728.7 million (4.3%)
9. Dairy products, eggs, honey: $658.4 million (3.9%)
10. Paper, paper products: $553.4 million (3.3%)
Luxembourg's top 10 exports account for more than two thirds (70.8%) of its total global exports.
Dairy products, eggs and honey are the fastest growing of the top 10 export categories, growing by 23.1% from 2021 to 2022. The second highest improvement in export sales was in paper, where paper products grew by 17%. Luxembourg ranked third in the increase in aluminum shipments, up 16.8% compared to 2021.
The only decline in Luxembourg's top 10 export categories was in the vehicle products category, down -1.1% year-on-year.
Drilling down into the four-digit HS codes, Luxembourg's most valuable exports are iron or non-alloy steel angles, profiles and sections (9.4% of the European country's total), automobiles (4.1%), new rubber tires (also 4.1%), iron or sheet piles (3.3%), cellulosic fibre paper (3%), rolls of self-adhesive plastics (2.9%), unwrought aluminium (2.6%), and coated or laminated nonwovens (also 2.6%). materials (also 2.6%), plastic packaging items including lids or caps (2.4%), and then cheese (2.1%).
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