Luxembourg: Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)

Key figures

What the numbers say

In 2023, Luxembourg's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rose 0.43 percentage points on 2022 (from 1.54% to 1.97%).

Across the 25 yearly changes before that (1998 to 2022), the average change was +0.03 percentage points and a typical year strayed about 0.19 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 0.44 percentage points in 2022 and the biggest yearly fall was 0.34 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 0.1 percentage points a year. A straight line explains 51% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Luxembourg had the 70th highest value of the 190 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Luxembourg in the 2023 ranking

• Marshall Islands — 66th of 190: 2.05%
• Belgium — 67th of 190: 2.05%
• Indonesia — 68th of 190: 2.02%
• Central African Republic — 70th of 190: 1.93%
• France — 71st of 190: 1.89%
• Ireland — 72nd of 190: 1.86%

What this measures

Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 27 values

Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in nearby economies

• Albania — 0.06% (2023)
• Armenia — 0.00852% (2023)
• Austria — 1.76% (2023)
• Azerbaijan — 0.00337% (2023)
• Belarus — 0.82% (2023)
• Belgium — 2.05% (2023)
• Bosnia and Herzegovina

More private sector & trade data for Luxembourg

• Merchandise trade (% of GDP) — 46.03% (2025)
• Agricultural raw materials imports (% of merchandise imports) — 2.09% (2025)
• Food imports (% of merchandise imports) — 14.97% (2025)
• Fuel imports (% of merchandise imports) — 5.71% (2025)
• Insurance and financial services (% of commercial service imports) — 44.57% (2025)
• Manufactures imports (% of merchandise imports) — 66.87% (2025)
• Ores and metals imports (% of merchandise imports) — 5.19% (2025)
• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 0.16% (2023)
• Merchandise imports (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Luxembourg's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?

1.97% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 1.12 percentage points from 0.85% in 1997. The highest value was 1.97% in 2023 and the lowest 0.39% in 2003.

How does Luxembourg rank?

70th highest of 190 economies with data for 2023.

Is the latest change in merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) unusual for Luxembourg?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.R3.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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