Exporting guide to Luxembourg
Convenience for UK businesses
UK exporters should find business conditions in Luxembourg to be very favourable. Luxembourg ranks 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).
Luxembourg: at a glance
Currency
Euro
Business language
French, German, English
GDP per capita
$131,302
UK is $46,200 (IMF, 2021, projected figures)
Economic growth
5.5%
{IMF, 2021, projected figures)
Time zone
GMT +2
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Check for trade barriers
Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.
Check duties and customs
Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.
Next steps
DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.
