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 exported $163.58 billion worth of goods in 2022, according to the Luxembourg export data. Luxembourg's goods exports rose 3.46 percent from 2021 to 2022. In 2022, goods exports increased by $562 million. 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. Let us now delve into the intricacies of Luxembourg's export data, exploring the trends, key industries, and prospects for the year 2022.