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Luxembourg is the 61st largest export economy in the world. In 2016, Luxembourg exported $12.5B and imported $18B, resulting in a negative trade balance of $5.49B.

The top exports of Luxembourg are Iron Blocks ($753M), Rubber Tires ($524M), Cars ($505M), Iron Sheet Piling ($429M) and Coated Flat-Rolled Iron ($396M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($1.88B), Refined Petroleum ($1.05B), Planes, Helicopters, and/or Spacecraft ($725M), Scrap Iron ($451M) and Packaged Medicaments ($352M).

The top export destinations of Luxembourg are Germany ($3.46B), France ($1.9B), Belgium ($1.51B), the Netherlands ($727M) and Italy ($499M). The top import origins are Germany ($5.96B), Belgium ($5.85B), France ($2.21B), the United States ($1.45B) and China ($1.26B).

Luxembourg borders Belgium, Germany and France.

Economic Complexity of Luxembourg

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