Luxembourg Export Trade Analysis: The in-depth Information of 2024

Luxembourg, based in Western Europe, surrounded by Belgium, France, and Germany in the north, south, and east directions, with a land area of 2,586 square kilometers, has been thriving as a top exporter in the global market. Luxembourg Import Data says the central location in Eastern Europe has provided seamless access to the EU single market, supporting connectivity including air, rail, road, and waterway freight, for fast and flexible handling of high-value and time-sensitive exports. The gateway to European and global markets has provided connections to major ports like Rotterdam and Hamburg, enhancing trade efficiency.

The surge in service exports by 6.5% and the growth in overall product supply, accompanied by the increase in demand for different sought-after commodities from the management authorities of Luxembourg has resulted in an export trade value of 18 billion US dollars in 2024. Import Globals with its Luxembourg trade data gives a brief overview of the overall amount of specific commodities exported from the nation to the topmost importers. The Valuable Trade Sheet helps business firms cover the latest insights on the quality and quantity of shipments catering to their needs regarding the potential marketing regions, which can help them get a valuable upward trajectory in their future trade expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT TRADE OF LUXEMBOURG IN 2024

The government of Luxembourg has implemented a wide range of policies and programs to enhance the competitiveness of the country’s exports in the global market. The Export-Post Subsidies through OfficeDU, Ducroire, has lowered the financial burden of internationalization by reimbursing a 50% cost related to trade fares. The initiative aims to empower small and medium enterprises for entry into the global market while showcasing the product produced in the domestic region according to international standards.

The Digitalization Support for Export-Ready SMEs has enhanced efficiency and reliability while ensuring exporters’ compliance with international standards. The Export-Focused Industrial and Innovation Financing under the Ministry of Finance have supported export-driven sectors like FinTech and space while promoting the firm to remain competitive in the global trade market. The New Market Access through the Business Partnership Facility has promoted sustainable business models while opening up new markets for exporters.

THE LEADING VARIANTS OF GOODS EXPORTED FROM LUXEMBOURG IN 2024

Luxembourg’s active participation in the trade fairs and the technological evolution and the manufacturing units according to international standards has recorded diversification in the overall exports. According to the Luxembourg Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Machinery — The export trade value of Machinery from Luxembourg in 2024–6.54 billion US dollars
  2. Plastics- The export trade value of Plastics from Luxembourg in 2024–4.32 billion US dollars
  3. Vehicles- The export trade value of Vehicles from Luxembourg in 2024–3.89 billion US dollars
  4. Iron and steel- The export trade value of Iron and steel from Luxembourg in 2024–2.76 billion US dollars
  5. Rubber products- The export trade value of Rubber products from Luxembourg in 2024–2.42 billion US dollars
  6. Dairy products — The export trade value of Dairy products from Luxembourg in 2024–1.76 billion US dollars
  7. Electronic equipment — The export trade value of Electronic equipment from Luxembourg in 2024–1.24 billion US dollars
  8. Aluminum articles- The export trade value of Aluminium articles from Luxembourg in 2024–1.07 billion US dollars
  9. Medicaments- The export trade value of Medicaments from Luxembourg in 2024–876 million US dollars
  10. Paper products — The export trade value of Paper products from Luxembourg in 2024–654 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF LUXEMBOURG IN 2024

The country’s strengthening relations with emerging markets and the reliable exchange of goods has promoted the revenue rate. According to the Luxembourg Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. Germany — The total valuation of goods exported from Luxembourg to Germany in 2024–5.87 billion US dollars

Top 5 variants of goods exported

a. Industrial machinery

b. Boiler equipment

c. Nuclear reactor components

d. Plastic resins

e. Plastic sheets

2. France — The total valuation of goods exported from Luxembourg to France in 2024–4.24 billion US dollars

Top 5 variants of goods exported

a. Plastic films

b. Motor vehicles

c. Vehicle parts

d. Iron and steel products

e. Iron angles

3. Belgium — The total valuation of goods exported from Luxembourg to Belgium in 2024–3.78 billion US dollars

Top 5 variants of goods exported

a. Steel sections

b. Iron sheet piling

c. Steel sections for building

d. Tires (new pneumatic)

e. Rubber goods

4. Netherlands — The total valuation of goods exported from Luxembourg to the Netherlands in 2024–2.98 billion US dollars

Top 5 variants of goods exported

a. Electronic equipment

b. Computers

c. Mechanical appliances

d. Lifting machinery

e. Conveyors

5. Italy — The total valuation of goods exported from Luxembourg to Italy in 2024–2.14 billion US dollars

Top 5 variants of goods exported

a. Nonwoven textiles

b. Laminated nonwovens

c. Self-adhesive plastic rolls

d. Self-adhesive tapes

e. Rubber tires

6. United States — The total valuation of goods exported from Luxembourg to the United States in 2024–1.75 billion US dollars

Top 5 variants of goods exported

a. Paper board

b. Paper sheets

c. Coated paper

d. Cheeses

e. Dairy products

7. Spain — The total valuation of goods exported from Luxembourg to Spain in 2024–1.24 billion US dollars

Top 5 variants of goods exported

a. Eggs

b. Natural honey

c. Milk derivatives

d. Mechanical parts

e. Bearings

8. United Kingdom — The total valuation of goods exported from Luxembourg to the United Kingdom in 2024–876 million US dollars

Top 5 variants of goods exported

a. Ball bearings

b. Roller bearings

c. Photographic apparatus

d. Optical instruments

e. Medical Apparatus

9. Poland — The total valuation of goods exported from Luxembourg to Poland in 2024–654 million US dollars

Top 5 variants of goods exported

a. Radio and TV parts

b. Sound recording devices

c. Telecommunication equipment

d. Automatic goods-vending machines

e. Magnetic readers

10. Austria — The total valuation of goods exported from Luxembourg to Austria in 2024–478 million US dollars

Top 5 variants of goods exported

a. Furniture parts

b. Baby carriages

c. Transport containers

d. Activated carbon

e. Wood pulp machinery

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