Luxembourg Economic Trading Profile: Imports and Exports

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Luxembourg Economy Overview

Luxembourg, officially the Grand Duchy of Luxembourg, is primarily a service economy, exporting $97 billion in services according to the most recent data.

The tiny country exported $57.4 billion in financial services and $16.4 billion in other professional services. Luxembourg also provides transportation, travel, and computer services, totaling over $13.2 billion.

Luxembourg's Top 5 Commodity Exports

  1. Iron Blocks – $46 million
  2. Non-woven Textiles – $33 million
  3. Coated Flat-Rolled Iron – $30 million
  4. Iron Sheet Piling – $30 million
  5. Commodities not elsewhere specified – $27 million.

Luxembourg's Other Notable Exports

  • Cars – $55 million
  • Rubber Tires – $37 million
  • Rubberworking Machinery – $30 million
  • Trailers – $27 million
  • Cellulose Fibers Paper – $26 million.

GDP of Luxembourg

Luxembourg's service economy made it the 72nd largest economy in the world in terms of GDP, but per-capita it's the world's 2nd largest economy. Luxembourg's services exports totaled $97 billion and its service imports topped $73.7 billion. It ranks 17th in services exports and 18th in services imports globally.

Luxembourg's Top 5 Commodity Imports

  1. Refined Petroleum – $140 million
  2. Commodities not elsewhere specified – $75 million
  3. Cheese – $26 million
  4. Raw Plastic Sheeting – $18 million
  5. Scrap Aluminium – $16 million

Luxembourg's Other Notable Imports

  • Cars – $236 million
  • Planes, Helicopters, and/or Spacecraft – $110 million
  • Scrap Iron – $44 million
  • Packaged Medicaments – $38 million
  • Telephones – $30 million.

Details on Luxembourg's Imports/Exports

Luxembourg imposes tariffs on some of its commodity imports. Here are the five highest tariffs in percentage of price.

  1. Sugar beet – 178.2%
  2. Whey – 173.0%
  3. Mushrooms, prepared or preserved, not in vinegar – 135.8%
  4. Vegetables: mushrooms of the genus Agaricus, provisionally preserved but unsuitable in that state for immediate consumption – 125.4%
  5. Concentrated, unsweetened milk and cream – 108.6%

Sources & Further Reading

All currency is reported in US dollars.

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