Get Export Ready
BELGIUM – Belgium is a highly industrialised, competitive and open market, with an advanced economy. This is the result of improved competitiveness and modest employment growth which is supporting household spending.
Thanks to its success in attracting foreign direct investment in previous decades, Belgium is home to a large number of US and Asian multinationals. More than 300 multinational HQs are located between Brussels and Antwerp, which is Belgium’s biggest and Europe’s second biggest port. Belgian companies are deeply integrated in the global economy, trading actively in intermediate goods. This trading profile is supported by its central location in the European continent and its well developed transportation network.
LUXEMBOURG – Luxembourg’s economy is a global finance and insurance hub. The three official languages of Luxembourg are Luxembourgish, French and German, although proficiency in English is widespread.
Strong economic growth and a favourable business climate make it an attractive place for doing business. Luxembourg’s economy has displayed strong growth with the highly developed financial services sector driving much of this. Every day sees around 150,000 people commute to work in Luxembourg from surrounding countries. The country has state-of-the-art road, rail and air transport facilities and services. It is ranked 14th on the global importers’ list, with the main imports including raw materials, machinery and equipment, chemicals, pharmaceuticals and foodstuffs.
Key Market Sectors
Enterprise Ireland is playing a key role in supporting ambitious companies seeking opportunities in Belgium’s biotech, automotive and pharma sectors, and Luxembourg’s transport, information technology and communication sectors.
Additionally, agrifood, aerospace, environment, transport and ICT continue to perform and add appeal to Irish exporters and service providers who want to scale, and develop a presence in the Belgian market.
Read more on Belgium and Luxembourg’s sectoral successes in our Going Global Guides.
- Belgium is Europe’s second largest pharmaceuticals manufacturer.
- 300+ multinational headquarters are located between Brussels and Antwerp.
- Luxembourg is the third most globalised economy in the world.