Tendata Statistics Luxembourg Export Data in 2023

tendata blogExport News

ten data blog13-05-2024

Luxembourg export data provided by Tendata indicates that Luxembourg exported goods worth $17.2 billion globally in 2023. This marks a 2.1% increase in export revenue compared to $16.8 billion in 2022.

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Top Trade Partners of Luxembourg

The latest Luxembourg export data shows that over three-quarters (78.8%) of Luxembourg's exported products are purchased by importers from the following countries:

Luxembourg export data provided by Tendata indicates that from a continental perspective, approximately 84.3% of Luxembourg's exports in 2023 were sold to other European countries, while 7.8% went to importers in Asia. Luxembourg also exported an additional 5.1% of its goods to North America. Smaller proportions went to Africa (1.28%), Latin America (1.26%), and then Oceania (0.2%), with Australia and New Zealand being the main destinations.

Top 10 Exported Products from Luxembourg

The latest Luxembourg export data, based on 2-digit HTS codes, reveals that the top ten exported products from Luxembourg account for over two-thirds (68%) of Luxembourg's total export value:

1. Machinery, including computers: $2.4 billion (14.1%)

2. Vehicles: $1.6 billion (9.4%)

3. Plastics and plastic products: $1.6 billion (9.4%)

4. Iron and steel: $1.5 billion (8.6%)

5. Iron and steel products: $977.9 million (5.7%)

6. Electrical machinery and equipment: $938.9 million (5.5%)

7. Rubber and rubber products: $929.3 million (5.4%)

8. Dairy products, eggs, honey: $721.2 million (4.2%)

9. Aluminum: $574.2 million (3.3%)

10. Paper and paper products: $428.3 million (2.5%)

Luxembourg export data provided by Tendata indicates that rubber (as material and rubber products) saw the fastest growth among the top ten export categories, increasing by 26.6% from 2022 to 2023. Vehicle exports ranked second in terms of improved export sales, growing by 17.7%. The shipment volume of electrical machinery and equipment from Luxembourg saw the third-highest increase, growing by 14.9%. The most significant decrease among Luxembourg's top ten export categories was observed in ferrous metals, with a year-on-year decrease of -26.4%.

The latest Luxembourg export data, delving into four-digit HTS codes, reveals that Luxembourg's most valuable exported products include angles, shapes, and sections of iron or non-alloy steel (6.7%), new pneumatic rubber tires (4.9%), automobiles (4.8%), iron or steel piles (3%), coated or laminated nonwoven materials (2.4%), self-adhesive plastic rolls (also 2.4%), cellulose fiber paper (2.2%), cheese or curd (2.2%), lifting and loading machinery (2.1%), and then unwrought aluminum (2%).

According to more detailed HS codes, Luxembourg's top 10 exported products in 2023 were:

1.HS Code:401120900011(21.21%, $3.72 Million):New pneumatic tyres, of rubber, of a kind used for buses and lorries (excluding typres with lug, corner or similar treads): Other tyres used on buses/lorries

2.HS Code:401180000000(15.67%, $2.75 Million)

3.HS Code:401039000000(8.92%, $1.57 Million):Transmission belts or belting, of vulcanised rubber (excl. endless transmission belts of trapezoidal cross-section "V-belts", V-ribbed, of an outside circumference > 60 cm but <= 240 cm and endless synchronous belts of an outside circumference > 60 cm but

4.HS Code:848071000000(7.13%, $1.25 Million):Injection or compression-type moulds for rubber or plastics

5.HS Code:848350800012(6.68%, $1.17 Million):Flywheels and pulleys, incl. pulley blocks : other : pulleys

6.HS Code:820900200000(4.82%, $0.85 Million):Inserts, indexable, for tools, unmounted, of sintered metal carbide or cermets

7.HS Code:4011800000(3.27%, $0.57 Million):New pneumatic tyres, of rubber, of a kind used on construction, mining or industrial handling vehicles and machines

8.HS Code:721633909000(2.11%, $0.37 Million):Hsections of iron or non-alloy steel, simply hot-rolled, hot-drawn or extruded, of a height > 180 mm

9.HS Code:3304100000(2.1%, $0.37 Million):Lip make-up preparations

10.HS Code:848079000000(1.83%, $0.32 Million):Moulds for rubber or plastics (other than injection or compression types)

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Tendata provides the following types of customs data:

1. Trade Data

Tendata offers over 10 billion trade records covering 218 countries and regions, accumulating detailed transaction details from over 2 billion trade transactions. This enables precise analysis of the distribution of global target import and export countries, details of import and export customs districts, and the market environment of target countries.

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Tendata's business data covers 198 countries and includes commercial databases for over 230 industries, with data on more than 210 million companies. It covers various aspects of enterprise operations, financial information, competitors, and senior executives. This finely detailed data facilitates in-depth evaluation of the true strength of target customers and expands potential customer base.

3. Cloud Search Data

Tendata's data covers 172 countries and includes contact information for over 700 million companies. In addition to basic information such as company names, official website links, product images, and contact persons, it also integrates information from platforms like LinkedIn and social media, helping foreign trade enterprises gain a panoramic understanding of customers and the market. Furthermore, real-time updated data enables companies to stay informed about market changes and respond promptly.

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