Luxemburg: Visió econòmica i política
Due to its small size and location, Luxembourg is highly open to foreign trade, which represents 394% of its GDP (the highest level in the world - World Bank). The country primarily exports commercial services, especially those related to finance. Concerning merchandise, at least 65% of goods and services 'made in Luxembourg' are exported. The main exports by product category are base metals (19.8%), machinery (18.9%), plastics (14.9%), vehicles (11.6%), and products of the chemical industry (6.9%); whereas imports are led by vehicles (17.2%), machinery (15.2%), mineral products (13.4%), base metals (10.7%), products of the chemical industry (8.1%), and plastics (8%- data Statistics Luxembourg).
Luxembourg is highly dependent on its EU partners, which account for roughly 90% of its foreign trade. Trade activities with its three neighbouring countries represent more than 50%. In 2023, its main customers were Germany (25.4%), France (15.6%), Belgium (12.3%), the Netherlands (6.7%), and Italy (4.4%); with imports coming chiefly from Belgium (24.4%), Germany (21.8%), France (10.4%), the Netherlands (4.7%), and Italy (3.4% - data Comtrade).
In 2023, the country exported USD 148.7 billion of services (+2.7% y-o-y), importing USD 119.7 billion (+4.7% - data by WTO). Although the merchandise trade balance is negative (with imports totalling USD 25.5 billion against USD 17.1 billion of exports), Luxembourg has an overall positive trade balance, estimated at 30.8% of its GDP by the World Bank (the sixth-highest ratio in the world in 2023). The Banque Centrale du Luxembourg (BCL) and STATEC report that the current account for the first half of 2024 showed a surplus of EUR 4 billion, up by EUR 1.9 billion from the previous year. The goods surplus reached EUR 267 million, a turnaround from a EUR 1.3 billion deficit in the same period last year, driven by an 8% rise in exports and a 5% drop in imports. The balance of international trade in services grew by 15% to EUR 1.8 billion, with exports rising by 4% and imports increasing by 1.5%.
| Foreign Trade Values | 2020 | 2021 | 2022 | 2023 | 2024 |
| Imports of Goods (million USD) | 21,165 | 26,170 | 27,020 | 26,295 | 25,081 |
| Exports of Goods (million USD) | 13,839 | 16,800 | 17,377 | 17,189 | 16,213 |
| Imports of Services (million USD) | 98,683 | 123,667 | 115,316 | 120,737 | 130,426 |
| Exports of Services (million USD) | 125,012 | 157,269 | 144,000 | 148,631 | 170,445 |
Source: World Trade Organisation (WTO) ; Latest available data
| Foreign Trade Indicators | 2020 | 2021 | 2022 | 2023 | 2024 |
| Foreign Trade (in % of GDP) | 375.6 | 397.5 | 412.2 | 404.5 | 398.2 |
| Trade Balance (million USD) | 1,541 | 590 | -1,012 | 386 | 1,588 |
| Trade Balance (Including Service) (million USD) | 27,801 | 33,954 | 34,778 | 38,476 | 42,171 |
| Imports of Goods and Services (Annual % Change) | 1.4 | 13.4 | 2.4 | 0.4 | -0.3 |
| Exports of Goods and Services (Annual % Change) | 1.9 | 11.3 | 1.5 | -0.3 | 0.3 |
| Imports of Goods and Services (in % of GDP) | 171.1 | 181.9 | 189.9 | 186.7 | 182.7 |
| Exports of Goods and Services (in % of GDP) | 204.4 | 215.6 | 222.3 | 217.8 | 215.5 |
Source: World Bank ; Latest available data
| Foreign Trade Forecasts | 2025 (e) | 2026 (e) | 2027 (e) | 2028 (e) | 2029 (e) |
|---|---|---|---|---|---|
| Volume of exports of goods and services (Annual % change) | 2.6 | 2.2 | 2.1 | 2.1 | 2.0 |
| Volume of imports of goods and services (Annual % change) | 3.0 | 2.3 | 2.2 | 2.1 | 2.0 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
| Main Customers (% of Exports) |
2024 |
| Germany | 24.9% |
| France | 15.4% |
| Belgium | 13.1% |
| Netherlands | 6.3% |
| Italy | 4.6% |
| See More Countries | 35.7% |
| Main Suppliers (% of Imports) |
2024 |
| Germany | 23.7% |
| Belgium | 23.5% |
| France | 11.1% |
| Netherlands | 4.4% |
| Italy | 3.4% |
| See More Countries | 33.9% |
Source: Comtrade, 2025. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2025. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
Source: United Nations Statistics Division, 2025. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: October 2025