The Chamber of Commerce and the Office du Ducroire of the Grand Duchy of Luxembourg (ODL) give a prize called "Export Award" rewarding Luxembourgish SMEs in all economic sectors that have distinguished themselves by their efforts in internationalization through their activities. This award is placed in the context of actions that the Chamber of Commerce is implementing to support SMEs. By SMEs is meant micro, small and medium-sized enterprises which employ less than 250 people and whose annual turnover does not exceed EUR 50 million or whose total of the annual balance sheet does not exceed EUR 43 million. The "Export Award" is awarded every two years and had its first opening on December 2, 2011 within the framework of the festivities of the Office du Ducroire’s 50th anniversary.
This award aims to stimulate business development and Luxembourg's economy by encouraging domestic SMEs to promote their goods and services to foreign markets. As a small country in the heart of Europe, Luxembourg is the country with the highest degree of openness in the EU: in terms of GDP, its exports and imports of goods and services account up to 182% in 2014. Furthermore, Luxembourg exports more than 80% of its domestic production of goods and services. The "Export Award" will honor a company in its approach to international expansion and will allow the opportunity to enhance its reputation.