[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · LUX · 2024
Luxembourg trade profile
In 2024, Luxembourg recorded $17.3B in merchandise exports and $26.8B in imports, producing a $9.5B trade deficit. Exports changed -8.6% from the previous year, while imports changed -7.2%.[1]
Exports
$17.3B
-8.6%
Imports
$26.8B
-7.2%
Trade balance
-$9.5B
deficit
Active partners
270
108 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$2.6B
HS 84 · Machinery
511 active HS6 lines · 171 export partners
2$2.0B
HS 72 · HS chapter
167 active HS6 lines · 105 export partners
3$1.6B
HS 39 · HS chapter
129 active HS6 lines · 162 export partners
4$1.4B
HS 87 · Vehicles
87 active HS6 lines · 135 export partners
5$1.0B
HS 73 · HS chapter
124 active HS6 lines · 153 export partners
6$904.1M
HS 40 · HS chapter
80 active HS6 lines · 150 export partners
7$594.6M
HS 85 · Electrical machinery
261 active HS6 lines · 170 export partners
8$489.7M
HS 76 · HS chapter
35 active HS6 lines · 116 export partners
Leading export markets
Destinations rank bilateral export flows from Luxembourg; growth describes each corridor rather than the whole economy.
1$3.6B
Germany
Annual change -10.1% · 3-year CAGR -4.0%
2$2.1B
France
Annual change -27.9% · 3-year CAGR -12.1%
3$1.7B
Belgium
Annual change -2.4% · 3-year CAGR -6.0%
4$1.2B
Netherlands
Annual change -6.7% · 3-year CAGR -4.6%
5$1.0B
Italy
Annual change -0.1% · 3-year CAGR 6.7%
6$765.9M
Hong Kong
Annual change -5.2% · 3-year CAGR 19.0%
7$592.3M
United States
Annual change -4.3% · 3-year CAGR 2.3%
8$540.1M
Spain
Annual change +3.0% · 3-year CAGR 4.1%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.