Exporting to Luxembourg
Convenience for UK businesses
UK exporters should find business conditions in Luxembourg to be very favourable. Luxembourg ranks 66th for ease of doing business (World Bank 2018), and 18th for Global Competitiveness (World Economic Forum, 2019). 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 market conditions
Apart from a dip in 2017, Luxembourg's import market has experienced healthy growth since 2014, and is projected to continue growing for at least the next five years (IMF, 2019). GDP per capita is high in Luxembourg ($113,197) and is expected to continue to rise (IMF, 2019). This should lead to a further increase in spending power for consumers in an already strong market.
Strong service market
In the year up until March 2019, 94.9% of all exports from the UK to Luxembourg were services. Financial, telecoms, computer and information services feature among a very diverse service export market (IMF, 2019).