The Machinery Export of Luxembourg in 2024: A Comprehensive Trade Analysis

 Machinery is a common mechanical device that is designed in a specific way for several industrial purposes. It is of different types like Agricultural Machinery, Construction Machinery, Manufacturing Machinery, and Textile Machinery, which are used in several sectors for enhancing the productivity rate. Luxembourg Import Data says that the country, based in Western Europe, sharing borders with Germany, France, and Belgium, has emerged as a leading exporter of machinery in the international trade market via its strong infrastructure and the export-oriented manufacturing sector.

The highly developed transport and logistics infrastructure, along with the trade agreements reducing the tariffs, has been considered beneficial for the overall export of machinery from Luxembourg. The competitive production cost and the strong quality control and certification have resulted in an export trade value of machinery worth 7 billion US dollars in 2024. The digital innovation hubs, adoption of newer technologies, and the stable political and legal environment have been gradually upgrading the machinery export of Luxembourg. Subscribe to Import Globals, the Luxembourg import export trade provider, to stay updated with the latest information regarding the machinery export of Luxembourg via the Luxembourg Trade Data.

WHY IS MACHINERY A CRUCIAL GLOBALLY TRADED COMMODITY?

Machinery right now is one of the topmost globally traded commodities because of its pivotal role in industrial and economic development. Every industry, including manufacturing and agriculture, has been completely reliant on the use of machinery for smooth trade performance. The engagement of the developing countries in the import of machinery to build the industries and the simultaneous export for building up higher profits has maintained stability in the global trade of machinery.

The high value in technological content, for example, a small amount of export is enough to generate a large trade valuation, has been driving the global trade revenue of machinery. The export-oriented production from major economies like Germany and China has been fostering the overall export trade rate. The wide product range and the trade agreements in open access, coherently relating to different top trading authorities, have been countering the overall trade revenue in a positive manner.

THE LEADING VARIANTS OF MACHINERY EXPORTED FROM LUXEMBOURG

Luxembourg, with its thriving production capacities and the strategies it has opted for, has introduced a huge plethora of exports to the worldwide trade market to maintain compatibility with the global demand. According to the Luxembourg Export Data, the top 10 leading variants of machinery exported from the nation in 2024 are,

  • Lifts — The annual valuation of Lifts exported from Luxembourg in 2024–1.89 billion US dollars
  • Conveyors — The annual valuation of Conveyors exported from Luxembourg in 2024–987 million US dollars
  • Escalators — The annual valuation of Escalators exported from Luxembourg in 2024–812 million US dollars
  • Pneumatic tires — The annual valuation of Pneumatic tires exported from Luxembourg in 2024–785 million US dollars
  • Motor vehicles– The annual valuation of Motor vehicles exported from Luxembourg in 2024–678 million US dollars
  • Air pumps — The annual valuation of Air pumps exported from Luxembourg in 2024–592 million US dollars
  • Vacuum pumps — The annual valuation of Vacuum pumps exported from Luxembourg in 2024–476 million US dollars
  • Gas compressors– The annual valuation of Gas compressors exported from Luxembourg in 2024–392 million US dollars
  • Ventilating fans– The annual valuation of Ventilating fans exported from Luxembourg in 2024–281 million US dollars
  • Steel machine frames– The annual valuation of Steel machine frames exported from Luxembourg in 2024–178 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF LUXEMBOURG IN 2024

The proper stability maintained by the management authorities of Luxembourg regarding its trade deficits and the overall export market has built a stable bilateral relationship with the topmost trading hubs. According to the Luxembourg Customs Data, the top 10 export trade partners of the nation for machinery export in 2024 are,

  • Germany — The total value of machinery exported from Luxembourg to Germany in 2024–2 billion US dollars

Top 5 variants of machinery exported

1. Generators

2. Transformers

3. Electrical control panels

4. Robotics for manufacturing

5. Automated assembly lines

  • France — The total value of machinery exported from Luxembourg to France in 2024–919 million US dollars

Top 5 variants of machinery exported

1. Vacuum pumps

2. Fans and blowers

3. HVAC machinery

4. Boilers

5. Turbines

  • Belgium — The total value of machinery exported from Luxembourg to Belgium in 2024–876 million US dollars

Top 5 variants of machinery exported

1. Plastic extrusion machinery

2. Rubber processing machinery

3. Metal casting machines

4. Foundry machinery

5. Hydraulic presses

  • Netherlands — The total value of machinery exported from Luxembourg to the Netherlands in 2024–716 million US dollars

Top 5 variants of machinery exported

1. Grinding machines

2. CNC machines

3. Laser cutting machines

4. Welding machines

5. Injection molding machines

  • Italy — The total value of machinery exported from Luxembourg to Italy in 2024–692 million US dollars

Top 5 variants of machinery exported

1. Conveyor belts

2. Warehouse automation systems

3. Machine tools (lathes)

4. Milling machines

5. Drilling machines

  • United States — The total value of machinery exported from Luxembourg to the United States in 2024–587 million US dollars

Top 5 variants of machinery exported

1. Asphalt pavers

2. Road rollers

3. Forklifts

4. Lifts and elevators

5. Escalators

  • Spain — The total value of machinery exported from Luxembourg to Spain in 2024–465 million US dollars

Top 5 variants of machinery exported

1. Construction cranes

2. Excavators

3. Bulldozers

4. Loaders

5. Concrete mixers

  • Poland — The total value of machinery exported from Luxembourg to Poland in 2024–378 million US dollars

Top 5 variants of machinery exported

1. Textile machinery

2. Sewing machines

3. Printing machinery

4. Paper making machinery

5. Woodworking machinery

  • United Kingdom — The total value of machinery exported from Luxembourg to the United Kingdom in 2024–291 million US dollars

Top 5 variants of machinery exported

1. Dairy machinery

2. Poultry farming machinery

3. Milking machines

4. Food processing machinery

5. Packaging machinery

  • Austria — The total value of machinery exported from Luxembourg to Austria in 2024–184 million US dollars

Top 5 variants of machinery exported

1. Agricultural tractors

2. Combine harvesters

3. Ploughing machinery

4. Seeders and planters

5. Irrigation equipment

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