Luxembourg: Merchandise imports from high-income economies (% of total merchandise imports)

Key figures

What the numbers say

In 2023, Luxembourg's merchandise imports from high-income economies (% of total merchandise imports) fell 0.16 percentage points on 2022 (from 97.31% to 97.15%).

Across the 25 yearly changes before that (1998 to 2022), the average change was −0.05 percentage points and a typical year strayed about 3.87 percentage points from that (the standard deviation). This year's change was 0.0 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 8.46 percentage points in 2010 and the biggest yearly fall was 10.83 percentage points in 2003. 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 1.3 percentage points a year. A straight line explains 69% 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 3rd 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

• Greenland — 1st of 205: 98.35%
• Bermuda — 3rd of 205: 96.63%
• Sint Maarten (Dutch part) — 4th of 205: 95.65%
• San Marino — 5th of 205: 95.03%

What this measures

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Limitations: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete.

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

All 27 values

Merchandise imports from high-income economies (% of total merchandise imports) in nearby economies

• Albania — 62.3% (2023)
• Armenia — 62.13% (2023)
• Austria — 89.31% (2023)
• Azerbaijan — 50.09% (2023)
• Belarus — 83.53% (2023)
• Belgium — 84.63% (2023)
• Bosnia and Herzegovina — 66.91% (2023)
• Bulgaria — 72.85% (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 from high-income economies (% of total merchandise imports)?

97.15% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is down 1.45 percentage points from 98.6% in 1997. The highest value was 98.6% in 1997 and the lowest 80.66% in 2008.

How does Luxembourg rank?

3rd highest of 205 economies with data for 2023.

Is the latest change in merchandise imports from high-income economies (% of total merchandise imports) unusual for Luxembourg?

In 2023, Luxembourg's merchandise imports from high-income economies (% of total merchandise imports) fell 0.16 percentage points on 2022 (from 97.31% to 97.15%). Across the 25 yearly changes before that (1998 to 2022), the average change was −0.05 percentage points and a typical year strayed about 3.87 percentage points from that (the standard deviation). This year's change was 0.0 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.HI.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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