Luxembourg Balance of Trade


Luxembourg’s seasonally adjusted trade deficit slightly narrowed to EUR 0.35 billion in January of 2017 from a EUR 0.36 billion shortfall in December. Exports increased 10.5% to EUR 1.15 billion and imports rose at a slower 6.8% to EUR 1.49 billion. On a non-seasonally adjusted basis, the trade deficit shrank to EUR 0.24 billion from EUR 0.35 billion gap a year earlier. Exports rose 28% to EUR 1.14 billion, boosted by sales of machinery and equipment (25.1%); primary materials (11.7%); transport equipment (4.8%) and miscellaneous articles (201.4%). In contrast, shipments declined for food and live animals (-1.3%) and chemicals (-0.7%). Exports went up to Germany (7.6%) and France (10.1%) while fell to Belgium (-7%). Imports increased 10% to EUR 1.37 billion, driven by mineral fuels and lubricants (43.6%) and transport equipment (21.7%). Imports advanced from Germany (3.3%) and Belgium (16.7%) and decreased from France (-8.1%). Balance of Trade in Luxembourg averaged -0.30 EUR Billion from 1988 until 2017, reaching an all time high of -0.03 EUR Billion in February of 1988 and a record low of -1.04 EUR Billion in September of 2012.


Luxembourg Balance of Trade

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Luxembourg is an export-intensive economy. The country has traditionally imported most of its consumer goods and exported industrial products (steel). Exports now also include chemical and rubber products, finished glass and the most profitable financial services. The nation remains dependent on energy imports. European Union is by far its largest trading partner, accounting for about 84% of exports and 87% of imports. This page provides the latest reported value for – Luxembourg Balance of Trade – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Balance of Trade – actual data, historical chart and calendar of releases – was last updated on April of 2017.