Luxembourg Import 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. In 2023, Luxembourg had a population of about 6.40 lakh people. Luxembourg, a landlocked country in Western Europe, has a robust economy and is considered one of the wealthiest nations in the world. The country has a thriving import industry that plays a significant role in its economic growth. Over the years, Luxembourg has witnessed a steady increase in its import volume. This growth can be attributed to factors such as expanding domestic consumption, a growing manufacturing sector, and the country's strategic location as a gateway to the European market. Based on the Luxembourg trade statistics, Luxembourg is ranked as the 75th biggest importer globally.
According to the Luxembourg import data, the country imported $25.2 billion worth of goods in 2023. In comparison with the previous year, goods imports into Luxembourg declined by 5%. Based on the Luxembourg shipment data for 2023, vehicles are Luxembourg’s biggest imports, while Belgium is its biggest import partner. The total GDP of Luxembourg is $85.76 billion, with a GDP import share of 75.11%. Luxembourg is a part of trading blocs such as the EU, WTO, and GATT. Let us delve into the details of Luxembourg's import data, focusing on its trends, key sectors, and potential opportunities for the year 2023 with a key focus on the Luxembourg statistical data.