The Latest News and Developments Related to Passenger Car Exports From Luxembourg in 2025
Luxembourg is well-placed within vehicle trading in Europe. It is located close to Belgium, Germany, France, and the Netherlands, which helps it export good amounts of passenger cars and other vehicles to European nations. Passenger cars and other types of motor vehicles that are suitable to transport humans come under HS Code 8703. This category consists of different types of passenger vehicles such as normal passenger cars, sports cars, and other cars made for transportation of a small number of passengers (maximum 10) and excludes such vehicles used for public transport coming under HS 8702. The latest figures from the Luxembourg Trade Statistics show that in 2025, Luxembourg could export approximately US$919.9 million worth of passenger cars as per HS code 8703, compared to the US$810.2 million worth of exports in the previous year. This shows an increase of approximately 13.5% in terms of yearly growth in passenger car exports from Luxembourg. Also, HS 8703 exports were nearly 53...