Source: OEC
In 2022, Luxembourg was the number 73 economy in the world in terms of GDP (current US$), the number 78 in total exports, the number 76 in total imports and the number 27 economy in terms of GDP per capita (current US$).
IIn 2022, Luxembourg exported a total of $20.5B. During the last five reported years the exports of Luxembourg have changed by $4.02B from $16.5B in 2017 to $20.5B in 2022.
The most recent exports are led by Iron Blocks ($1.61B), Rubber Tires ($761M), Gas Turbines ($633M), Cars ($561M), and Cellulose Fibers Paper ($553M). The most common destination for the exports of Luxembourg are Germany ($4.15B), France ($3.07B), Belgium ($2.09B), Netherlands ($1.58B), and Italy ($883M).
In 2020, Luxembourg exported $135B worth of services. The top services exported by Luxembourg in 2020 were Financial services ($60.8B), Miscellaneous business, professional, and technical services ($30.8B), Merchanting and other trade-related services ($19B), Air transport ($3.42B), and Audiovisual and related services ($3.18B).
In 2022, Luxembourg imported $29.2B, making it the number 76 trade destination in the world. During the last five reported years the imports of Luxembourg changed by $6.11B from $23.1B in 2017 to $29.2B in 2022.
The most recent imports of Luxembourg are led by Refined Petroleum ($2.48B), Cars ($1.96B), Electricity ($1.58B), Petroleum Gas ($908M), and Scrap Iron ($895M). The most common import partners for Luxembourg are Belgium ($7.67B), Germany ($7.45B), France ($3.13B), Netherlands ($1.75B), and United States ($854M).
Trade Relations between Luxemburg and North Macedonia:
In 2022, Luxembourg exported 53.1 mio $ and imported 23.2 mio $ worth of electricity to/from North Macedonia, making this 95 % / 85 % of all exports/imports.
Remaining exports from Luxembourg to North Macedonia of 2.75 mio $ are mainly tires, iron products, machinery and beauty products.
Remaining imports of 4.2 mio $ are mainly tobacco products and textiles.
Belgian-Macedonian Business Club 