Luxembourg-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $212.80M total volume •Luxembourg deficit: $212.80M
Luxembourg → Viet Nam
$0
Exports (2023)
Viet Nam → Luxembourg
$212.80M
Imports (2023)
Trade Balance
$212.80M
Deficit for Luxembourg
Total Trade
$212.80M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Luxembourg and Viet Nam. Green line shows exports from Luxembourg, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Luxembourg-Viet Nam commercial relationship and competitive positioning in global markets.
Luxembourg → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
Luxembourg's export portfolio to Viet Nam demonstrates strategic specialization, with nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2) representing a key competitive advantage in this bilateral market.
Viet Nam → Luxembourg Imports
Import Dependency Profile
📦 Import Strategy Analysis
Luxembourg's import pattern from Viet Nam reveals significant dependencyin sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Luxembourg demonstrates competitive strength in exportingnonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2) to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $212.80M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Luxembourg-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $212.80 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Luxembourg maintains a deficit of $212.80 million
- Export Focus: Luxembourg's primary exports include nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2), iron or non-alloy steel: h sections, hot-rolled, hot-drawn or extruded, of a height of 80mm or more, furniture incorporating refrigerating or freezing equipment: for storage and display, n.e.c. in item no. 8418.1, 8418.2, 8418.3 or 8418.4 (chests, cabinets, display counters, show-cases and the like)
- Import Dependencies: Key imports from Viet Nam include sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials, iron or steel: stranded wire, ropes and cables, not electrically insulated, nuts, edible: cashew nuts, fresh or dried, shelled
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $212.80M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Luxembourg leveraging its comparative advantages in nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Luxembourg's specialization in nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2)complements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $212.80M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $212.80M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $212.80 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2) and sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Luxembourg's trade deficit of $212.80 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Luxembourg and Viet Nam represents a total trade volume of $212.80 million in 2023. This partnership demonstrates an unfavorable trade balance for Luxembourg, with imports exceeding exportsby $212.80 million.
Export Strengths
Luxembourg's exports to Viet Nam total $0.00, with competitive advantages in nonwovens: whether or not impregnated, coated, covered or laminated, of man-made filaments, (weighing more than 25g/m2 but not more than 70g/m2), representing $54.22M orInfinity% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $212.80 million, highlighting economic interdependence in sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials, with Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials comprising51.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Luxembourg's strategic sourcing from Viet Nam. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Luxembourg and Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023