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Trade between Hong Kong and Luxembourg

In 2024, Hong Kong exported $653 million to Luxembourg and imported $906 million. Hong Kong ran a deficit of $252 million with Luxembourg, compared with a deficit of $248 million in 2019. Luxembourg was Hong Kong’s 31st largest trading partner (0.2% of its trade), and Hong Kong was Luxembourg’s 6th (4%).

Summary

Hong Kong → Luxembourg
$653million
Luxembourg → Hong Kong
$906million
Hong Kong’s balance
-$252million

Balance

Hong Kong’s trade balance with Luxembourg

Trade between Hong Kong and Luxembourg grew 61.1-fold since 1999

USD millions (current). Hong Kong’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 653
  • Imports 906
  • Balance -252

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$0$0$0
1997$0$0$0
1998$0$0$0
1999$18 million$7 million$11 million
2000$36 million$12 million$24 million
2001$28 million$19 million$9 million
2002$33 million$17 million$17 million
2003$89 million$112 million-$23 million
2004$90 million$33 million$57 million
2005$89 million$48 million$41 million
2006$167 million$172 million-$6 million
2007$247 million$164 million$83 million
2008$142 million$133 million$9 million
2009$146 million$153 million-$7 million
2010$123 million$259 million-$136 million
2011$84 million$142 million-$57 million
2012$132 million$172 million-$40 million
2013$133 million$201 million-$68 million
2014$18 million$114 million-$96 million
2015$74 million$109 million-$34 million
2016$22 million$96 million-$74 million
2017$21 million$35 million-$14 million
2018$18 million$156 million-$138 million
2019$22 million$270 million-$248 million
2020$22 million$209 million-$186 million
2021$22 million$570 million-$548 million
2022$220 million$787 million-$568 million
2023$106 million$957 million-$851 million
2024$653 million$906 million-$252 million

What they sell each other

What Hong Kong sells to Luxembourg

The top 10 headings in 2024, with their share of the total.

  1. Turbojets and gas turbines$432 million · 66.1%
    218 tonnes · Hong Kong’s destinations
  2. Sculptures$112 million · 17.1%
  3. Paintings and drawings$99 million · 15.1%
  4. 520 tonnes
  5. Detergents and surfactants$1 million · 0.19%
    583 tonnes
  6. Women's knitted blouses$965 thousand · 0.15%
    22 tonnes
  7. Cameras and flashes$773 thousand · 0.12%
    3 tonnes
  8. Video recorders and players$726 thousand · 0.11%
    4 tonnes
  9. Sweaters and pullovers$441 thousand · 0.07%
    5 tonnes
  10. Copper foil$435 thousand · 0.07%
    25 tonnes

What Luxembourg sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Turbojets and gas turbines$762 million · 84.1%
    459 tonnes · Hong Kong’s sources
  2. Other plastic articles$34 million · 3.8%
    141 tonnes
  3. Paintings and drawings$25 million · 2.7%
  4. Cars$19 million · 2.1%
    630 tonnes · Hong Kong’s sources
  5. Copper foil$11 million · 1.3%
    575 tonnes
  6. Women's suits and dresses$7 million · 0.82%
    156 tonnes
  7. Aircraft parts$4 million · 0.42%
    4 tonnes
  8. 40 tonnes
  9. Sculptures$3 million · 0.33%
  10. T-shirts$3 million · 0.28%
    83 tonnes

How it travels

Hong Kong and Luxembourg traded $1.6 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$295 million · 18.9%
  2. Air$1.3 billion · 81.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Luxembourg was Hong Kong’s 31st largest trading partner (0.2% of its trade), and Hong Kong was Luxembourg’s 6th (4%).

Luxembourg in Hong Kong’s trade
0.2%
Luxembourg’s rank among Hong Kong’s partners
31st
Hong Kong in Luxembourg’s trade
3.7%
Hong Kong’s rank among Luxembourg’s partners
6th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.