According to statistics from Vietnam Customs, in the third quarter of 2023, Vietnam's exports of goods to Luxembourg reached 86.58 billion USD, down 3.94% over the same period last year.

Vietnam exports goods to Luxembourg with 3 main products, including textiles, footwear and curtain fabrics, other technical fabrics, with a total turnover of 9 months of 2023 reaching 82.04 million USD, accounting for 94.75 million USD. % of Vietnam's total export turnover to this market. Of these, footwear is the product with the largest export turnover, with 57.71 million USD, an increase of 17.39% compared to the first 9 months of 2022, and Vietnam is currently the largest footwear supplier in Luxembourg. 2022.

In 2024, with an expected GDP growth rate of 2.4%, the Luxembourg economy is expected to return to its pre-pandemic growth trajectory. Along with that, the import-export structure between Vietnam and Luxembourg is not directly competitive but also complementary, so the two countries have a lot of potential to continue expanding the scale of bilateral trade, enhancing Collaborate to diversify the supply chain.

Minh Toan