The United States and Luxembourg have a robust trade relationship, exchanging a variety of goods and services. Let’s explore the top 10 products that dominate their bilateral trade, based on recent data from 2023 and 2024.
1. Aircraft and Spacecraft Parts
One of the most significant exports from the USA to Luxembourg is aircraft and spacecraft-related products. This category includes:
- Planes, helicopters, and spacecraft
- Aircraft parts, such as gliders, balloons, and powered aircraft components
In 2023, the United States exported $294 million worth of planes, helicopters, and spacecraft to Luxembourg. Additionally, aircraft parts accounted for $113 million in exports. This sector has shown strong growth, with a notable increase in recent years.
2. Iron and Steel Products
Luxembourg is a major exporter of iron and steel products to the United States. The main items in this category are:
- Iron sheet piling
- Iron blocks
In 2023, Luxembourg exported $104 million worth of iron sheet piling and $73.4 million in iron blocks to the USA. These products have consistently been among the top exports from Luxembourg to the United States over the past few years.
3. Chemicals and Pharmaceuticals
The chemical and pharmaceutical industry plays a significant role in the trade between these two countries. Key products include:
- Vaccines, blood, antisera, toxins, and cultures
- Other chemical products
In 2023, the USA exported $45.5 million worth of vaccines and related products to Luxembourg. Chemicals made up a substantial portion of US exports, with over 40% of the total $2.37 billion exports to Luxembourg in 2023 being chemical products.
4. Machinery and Electronic Equipment
Both countries exchange various types of machinery and electronic equipment. This category includes:
- Gas turbines
- Computer and electronic products
- Non-electrical machinery
In 2022, the United States exported $122 million worth of gas turbines to Luxembourg. In 2023, computer and electronic products worth $350 million were exported from the USA to Luxembourg, while non-electrical machinery exports amounted to $246 million.
5. Textiles and Non-woven Fabrics
Luxembourg is a significant exporter of textiles, particularly non-woven fabrics, to the United States. In 2023, Luxembourg exported $56.6 million worth of non-woven textiles to the USA. This sector has shown steady growth over the years.
6. Financial Services
Although not a physical product, financial services are a crucial component of the trade relationship between the USA and Luxembourg. In 2017, the United States exported $7.97 billion worth of financial services to Luxembourg, making it the largest service export category.
7. Transportation Equipment
Transportation equipment, excluding aircraft, is another important trade category. In 2023, the USA exported $361 million worth of transportation equipment to Luxembourg. This sector covers various vehicles and related parts.
8. Paintings and Artwork
Art trade is a notable aspect of US-Luxembourg commerce. In 2022, the United States exported $78.5 million worth of paintings to Luxembourg. This highlights the cultural exchange between the two nations and the importance of the art market in their trade relationship.
9. Aluminum Products
Aluminum and its products form a significant part of Luxembourg’s exports to the USA. In 2023, Luxembourg exported $50.60 million worth of aluminum products to the United States. This includes various forms of aluminum, from raw materials to finished goods.
10. Optical, Photo, and Medical Apparatus
The trade in specialized equipment such as optical, photographic, and medical apparatus is also noteworthy. In 2023, Luxembourg exported $12.81 million worth of these products to the United States. This category includes a wide range of high-tech and precision instruments.