Products Imported from China to Luxembourg

In the calendar year of 2023, China exported goods worth US$690 million to Luxembourg. Among the main exports from China to Luxembourg were Refined Petroleum (US$98.1 million), Broadcasting Equipment (US$64.9 million), Computers (US$40.2 million), Semiconductor Devices (US$28.21 million) and Plastic Floor Coverings (US$21.73 million). During the last 23 years the exports of China to Luxembourg have grown steadily at an annualized rate of 11.3%, rising from US$58.5 million in 1999 to US$690 million in 2023.

List of All Products That Were Imported from China to Luxembourg

The table below presents a comprehensive list of all commodities that were exported from China to Luxembourg in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Luxembourg market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Luxembourg.

Trade Agreements between China and Luxembourg

China and Luxembourg have developed a cooperative relationship that focuses on financial services, investment, and innovation rather than traditional trade agreements. This partnership is marked by a series of agreements and initiatives that leverage Luxembourg’s status as a global financial hub and China’s expansive economic influence. Here are some of the key aspects of their economic interactions:

1. Bilateral Investment Treaty (BIT): In 1984, China and Luxembourg signed a Bilateral Investment Treaty (BIT) to promote and protect investments between the two countries. This treaty provides a stable legal environment for investors from both nations, ensuring fair treatment, protection from expropriation, and a mechanism for resolving disputes.
2. Memorandums of Understanding (MoUs): Several MoUs have been signed between China and Luxembourg, covering areas such as finance, sustainable development, and air transport. These MoUs facilitate cooperation and set a collaborative framework, particularly in the financial sector, where Luxembourg has become a key gateway for Chinese investments into Europe.
3. Financial Sector Cooperation: Luxembourg is one of the leading European centers for RMB transactions outside of China, and both countries have worked to enhance this role through various agreements. This includes initiatives to make Luxembourg a hub for the issuance of “Dim Sum” bonds (RMB-denominated bonds issued outside of China) and the establishment of Chinese banks’ branches in Luxembourg.
4. Innovation and Technology Partnerships: Agreements in the field of innovation and technology are also part of the bilateral ties, aiming to foster collaboration in research and development, particularly in green and sustainable technologies. Luxembourg’s strategic push towards being a center for innovation in Europe aligns with China’s interests in expanding its technological footprint globally.
5. Trade Facilitation: While not covered by a specific trade agreement, the ease of doing business between Luxembourg and China is facilitated by their cooperative agreements, which simplify the legal and operational environment for businesses and investors in both countries.

These economic agreements and initiatives illustrate a multifaceted partnership that extends beyond conventional trade agreements, focusing instead on investment security, financial services, and innovation, which are vital to the economies of both China and Luxembourg.