The Treasurer’s Guide to Trade Finance

Luxembourg

Principal exports

Machinery and equipment, steel products,
chemicals, rubber products, and glass.

Import/Export documentation

Within the EU: no documentation
requirements, but a commercial invoice is
typically included.

Outside the EU: commercial invoice, customs
declaration, bill of lading, packing list and,
sometimes, a certificate of origin.

Licences

Imports

ƒ Diamonds, weapons and various textile and
steel products from outside the EU.

ƒ Import licences with quotas: various steel
products from Russia and Kazakhstan.

Exports

ƒ Goods/items that are subject to international
controls, e.g. diamonds, weapons and dual-
use items.

ƒ Exports to countries that are subject to a UN
embargo.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Luxembourg imports exports

Trade information

Key trading partners

Imports by origin

EU 75.6%

USA 5.3%

Switzerland 1.9%

Japan 1.6%

China 1.6%

Other 14.0%

Source: WTO, September 2012

Exports by destination

EU 78.8%

USA 3.5%

Switzerland 2.9%

China 1.4%

Hong Kong 1.1%

Other 12.3%