Luxembourg Export Data
The Grand Duchy of Luxembourg is another name for Luxembourg. Since the nation is classified as a landlocked one, it borders Belgium, Germany, and France. Among the four nations that make up the European Union is Luxembourg. By land area, Luxembourg is the 38th largest country in Europe. Luxembourg occupies an area of about 2,586.4 km^2, placing it at the 179th place in the world rankings. Luxembourg has witnessed steady export growth in recent years, thanks to its strategic location, favorable business environment, and specialization in high-value industries. Luxembourg, a small landlocked country in Western Europe, is known for its strong economy and international trade prowess. The country has a well-established export sector, contributing significantly to its GDP. Based on the Luxembourg trade statistics, the country is ranked as the 81st biggest exporter in the world.
Luxembourg exported $16.3 billion worth of goods in 2023, according to the Luxembourg export data. Luxembourg's goods exports declined by 3% from the previous year to 2023. As per the Luxembourg shipment data for 2023, nuclear reactors and machinery are the biggest exports of Luxembourg, while Germany is its biggest export partner. The total GDP of Luxembourg is $85.76 billion, with a GDP export share of 80.38%. Luxembourg is a part of significant trade blocs such as the WTO, EU, and GATT. Let us now delve into the intricacies of Luxembourg's export data, exploring the trends, key industries, and prospects for the year 2023.