Luxembourg Economic Trading Profile: Imports and Exports

In this economic guide to Luxembourg we’ll give you an overview of the Luxembourgian economy, including its primary imports and exports of goods and services.

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.

GDP of Luxembourg

Luxembourg’s service economy made it the 72^nd largest economy in the world in terms of GDP, but per-capita it’s the world’s 2^nd largest economy.

Luxembourg’s services exports totaled $97 billion and its service imports topped $73.7 billion. It ranks 17^th in services exports and 18^th in services imports globally.

Luxembourg’s Top 5 Commodity Exports

1. Iron Blocks – $61 million
2. Iron Sheet Piling – $41 million
3. Commodities not elsewhere specified – $34 million
4. Non-woven Textiles – $29 million
5. Coated Flat-Rolled Iron – $18 million

Luxembourg’s Other Notable Exports

• Cars – $64 million
• Rubber Tires – $38 million
• Self-adhesive Plastics – $31 million
• Trailers – $27 million
• Rubberworking Machinery – $27 million

Luxembourg’s Top 5 Commodity Imports

1. Refined Petroleum – $69 million
2. Commodities not elsewhere specified – $54 million
3. Scrap Iron – $35 million
4. Cheese – $23 million
5. Scrap Aluminum – $15 million

Luxembourg’s Other Notable Imports

• Cars – $223 million
• Packaged Medicaments – $36 million
• Rubberworking Machinery – $24.4 million
• Computers – $24.3 million
• Telephones – $21 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%

All figures based on OEC/IMF 2018 calculations and projections unless otherwise stated.

Regulated Brokers: Where Can I Trade Commodities?

Start your research with reviews of these regulated brokers available in .

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Further Reading

• Commodity.com Guide to Commodity Brokers
• Commodity.com Guide to CFD Brokers
• Guide to Trading Soft Agricultural Commodities
• Crude Oil Trading Guide