Convenience for UK businesses
UK exporters should find business conditions in Luxembourg to be very favourable. English is widely spoken as a business language, and the country shares similar standards and work procedures to the UK. It's also just 2 hours away from London.
Strong service market
Most UK exports to Luxembourg are services. Luxembourg hosts the EU’s financial and legal institutions and is also the European headquarters for Amazon, PayPal and Skype.
Top five UK goods exported to Luxembourg, in the four quarters to the end of Q1 2023
| Goods | Value (£million) |
|---|---|
| Mechanical power generators (intermediate) | |
| Ships | |
| Plastics in non-primary forms | |
| Cars | |
| Miscellaneous electrical goods (intermediate) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: July 2023
Download the latest trade and investment factsheet for Luxembourg.
Top five UK services exported to Luxembourg, in the four quarters to the end of Q1 2023
| Service | Value (£billion) |
|---|---|
| Financial | |
| Other Business Services | |
| Telecommunications, computer and information services | |
| Insurance and Pension | |
| Construction |
Source:
ONS UK trade in services: service type by partner country, non-seasonally adjusted
Last updated: July 2023
Download the latest trade and investment factsheet for Luxembourg.
Total import value (into the UK from Luxembourg) and export value (from the UK into Luxembourg) over time
| Year | Imports (£billion) | Exports (£billion) | Total trade (£billion) |
|---|---|---|---|
| 2016 | 2.7 | 4.7 | 7.3 |
| 2017 | 2.9 | 5.1 | 8.1 |
| 2018 | 2.8 | 5.7 | 8.6 |
| 2019 | 3.3 | 7.1 | 10.4 |
| 2020 | 5.0 | 7.1 | 12.0 |
| 2021 | 4.0 | 10.7 | 14.7 |
| 2022 | 5.8 | 11.8 | 17.6 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: July 2023
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Luxembourg.
Luxembourg: at a glance
Economic growth
1.5%
Actual figure (IMF, 2022)
The UK is 4.0% (IMF, 2022, actual figure)
GDP per capita
$118,084
Actual figure (IMF, 2020)
The UK is $40,347 (IMF, 2020, actual figure)
Currency
Euro
Business language
French, German, English
Time zone
GMT +2
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