The small but highly developed European country of Luxembourg exports high-value commodities by utilizing its financial industry, modern industries, and advantageous location. It supplies important EU markets with iron and steel, equipment, and chemical products. The capital, Luxembourg City, is a major financial and logistical hub. As per Luxembourg export data, with a GDP of over USD 89 billion and a population of roughly 0.65 million, Luxembourg is expected to export USD 20 billion, highlighting its crucial position in EU supply chains and specialized industries.