Luxembourg: Merchandise imports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Luxembourg's merchandise imports by the reporting economy (current US$) fell 2.9% on 2022 (from US$26.99 billion to US$26.22 billion).

Across the 25 yearly changes before that (1998 to 2022), the average change was +5% and a typical year strayed about 12.2% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 27.8% in 2003 and the biggest yearly fall was 22.4% in 2009. 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 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 74th highest value of the 205 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

• Guatemala — 70th of 205: US$30.32 billion
• Dominican Republic — 71st of 205: US$28.62 billion
• Latvia — 72nd of 205: US$27.34 billion
• Congo, Dem. Rep. — 74th of 205: US$25.49 billion
• Jordan — 75th of 205: US$25.43 billion
• Tunisia — 76th of 205: US$25.05 billion

What this measures

Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.

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

All 27 values

Merchandise imports by the reporting economy (current US$) in nearby economies

• Albania — US$8.69 billion (2023)
• Armenia — US$12.46 billion (2023)
• Austria — US$226.25 billion (2023)
• Azerbaijan — US$17.28 billion (2023)
• Belarus — US$57.11 billion (2023)
• Belgium — US$555.3 billion (2023)
• Bosnia and Herzegovina — US$15.34 billion (2023)
• Bulgaria — US$53.42 billion (2023)
• Croatia — US$43.25 billion (2023)

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

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Questions people ask

What is Luxembourg's merchandise imports by the reporting economy (current US$)?

US$26.22 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 179.87% from US$9.37 billion in 1997 (4.04% a year on average, compounded). The highest value was US$32.09 billion in 2008 and the lowest US$9.37 billion in 1997.

How does Luxembourg rank?

74th highest of 205 economies with data for 2023.

Is the latest change in merchandise imports by the reporting economy (current US$) unusual for Luxembourg?

In 2023, Luxembourg's merchandise imports by the reporting economy (current US$) fell 2.9% on 2022 (from US$26.99 billion to US$26.22 billion). Across the 25 yearly changes before that (1998 to 2022), the average change was +5% and a typical year strayed about 12.2% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.WL.CD, 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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