Luxembourg Balance of Trade

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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.

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  1. Norway Balance of Trade Norway recorded a trade surplus of 23.54 NOK billion in February of 2017, a surge of 80.8 percent from the same month a year earlier, as exports jumped while imports fell. Year-on-year, sales grew by 18.0 percent to 71.24 NOK billion, driven by ships and oil platforms (728.5 percent), natural gas condensates (633.8 percent), crude oil (51.9 percent) and natural gas (21.8 percent). Imports declined by 3.7 percent to 47.71 NOK billion, mainly due to a 12.1 percent fall in purchases of food and live animals, a 10.3 percent drop in purchases of beverages and tobacco and...

  2. Singapore Balance of Trade Singapore recorded a trade surplus of 3.29 SGD billion in January of 2017, compared to a 5.80 SGD billion surplus a year earlier. It was the smallest trade surplus since October 2014, as total exports increased by 11.1 percent (following a 9.2 percent rise in December) while total imports surge 21.0 percent (compared to a 13.2 percent growth in the preceding month). Total trade rose 15.6 percent, after a 11.0 percent increase in a month earlier. In December 2016, trade surplus came in at 6.12 SGD billion. Balance of Trade in Singapore averaged 735.28 Million SGD from 1964 until 2017,...

  3. Brunei Balance of Trade Brunei trade surplus decreased 41.5 percent year-on-year to BND 203.3 million in December of 2016 compared to a BND 347.7 million surplus a year earlier. Exports fell 23.7 percent, driven by lower sales of: mineral fuels (-27.7 percent), namely liquefied natural gas (-48.6 percent), and manufactured goods (-21.6 percent). Imports declined 4.5 percent due to lower purchases of: machinery and transport equipment (-11.5 percent); manufactured goods (-18.4 percent); miscellaneous manufactured articles (-7.2 percent); food (-3 percent) and crude materials inedible (-45.6 percent). Main export partners were Japan (30.6 percent of total exports); Malaysia (11.3 percent); China (11.1 percent). The highest...

  4. Macau Balance of Trade Macau trade deficit increased to MOP 4.28 billion in February of 2017, compared to a MOP 4.08 billion gap in a year earlier. Exports rose by 27.24 percent to MOP 0.90 billion, driven by tobacco & wine (99.6 percent), diamond & diamond jewellry (93.6 percent), non-textiles (32.4 percent), electronic components (14.2 percent), and watches (8.5 percent). Imports increased by 9.1 percent to MOP 5.18 billion, mainly boosted by watches (50.5 percent), followed by gold jewellry (20.6 percent), handbags & wallets (18.5 percent), garment & footwear (6.3 percent), mobile phone (5.9 percent), and food & beverages (3.4 percent)....

  5. Peru Balance of Trade Peru trade balance shifted to USD 150 million surplus in January of 2017 from USD 507 million gap in the same period of the previous year. Sales jumped 25.9 percent to USD 3.1 billion, mainly driven by fisheries (483.3 percent), agriculture (31.1 percent), miseries (22.7 percent), oil and gas (97.9 percent), metallurgy and jewellery (40.9 percent). Imports fell 0.5 percent to USD 3 billion, led by industrial capital goods (-4.8 percent), transport equipment (-23.6 percent) and building materials (-41.4 percent). Balance of Trade in Peru averaged 75.02 USD Million from 1957 until 2017, reaching an all time...

  6. Mongolia Balance of Trade Mongolia recorded a trade surplus of 183 USD Million in February of 2017. Balance of Trade in Mongolia averaged -20.28 USD Million from 1997 until 2017, reaching an all time high of 362.30 USD Million in December of 2016 and a record low of -369.70 USD Million in July of 2012.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=mongoliabt&v=201703160122t&h=300&w=600&ref=/mongolia/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/mongolia/balance-of-trade’>tradingeconomics.com</a> Calendar GMT Reference Actual Previous Consensus Forecast 2017-01-17 11:00...

  7. Luxembourg Exports Exports from Luxembourg increased 10.5 percent month-on-month to EUR 1.15 billion in January of 2017. On a non-seasonally adjusted basis, exports rose 28 percent, boosted by sales of machinery and equipment (25.1 percent); primary materials (11.7 percent); transport equipment (4.8 percent) and miscellaneous articles (201.4 percent). In contrast, shipments declined for food and live animals (-1.3 percent) and chemicals (-0.7 percent). Exports went up to Germany (7.6 percent) and France (10.1 percent) while fell to Belgium (-7 percent). Exports in Luxembourg averaged 0.70 EUR Billion from 1988 until 2017, reaching an all time high of 1.15 EUR...

  8. Luxembourg Imports Imports to Luxembourg rose 6.8 percent month-on-month to EUR 1.5 billion in January of 2017. On a non-seasonally adjusted basis, imports increased 10 percent, driven by mineral fuels and lubricants (43.6 percent) and transport equipment (21.7 percent). Purchases advanced from Germany (3.3 percent) and Belgium (16.7 percent) and decreased from France (-8.1 percent) Imports in Luxembourg averaged 1 EUR Billion from 1988 until 2017, reaching an all time high of 1.97 EUR Billion in August of 2011 and a record low of 0.39 EUR Billion in January of 1988.  Export Data  API Access Please Paste...

  9. Belgium Balance of Trade Belgium recorded a trade surplus of 1837.10 EUR Million in December of 2016. Balance of Trade in Belgium averaged 1088.35 EUR Million from 1993 until 2016, reaching an all time high of 3715.40 EUR Million in September of 2016 and a record low of -1026.60 EUR Million in August of 2008.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com Foreign trade accounts for approximately 70 percent of the Belgium’s economy. About 80% of Belgium’s trade is with fellow EU member states. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage,...

  10. Croatia GDP Annual Growth Rate Croatia’s gross domestic product advanced 3.4 percent year-on-year in the fourth quarter of 2016, following a 2.9 percent growth in the previous period, according to preliminary estimates. It was the strongest expansion since the first quarter of 2008, boosted by household consumption (3.6 percent vs 3.4 percent in Q3) and investments (4.6 percent from 2.9 percent). Meanwhile, the growth slowed for government expenditure (1.8 percent vs 2.1 percent in Q2). The contribution of net foreign demand was negative (-0.3 percent), as exports rose 9.7 percent (6.3 percent in Q3) and imports also advanced 9.7 percent (6 percent in Q3). On...

  11. Tunisia GDP Annual Growth Rate The Gross Domestic Product (GDP) in Tunisia expanded 1.10 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Tunisia averaged 3.36 percent from 2001 until 2016, reaching an all time high of 7.40 percent in the first quarter of 2004 and a record low of -2.20 percent in the third quarter of 2011.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=tunisiagdpyoy&v=201704010521t&h=300&w=600&ref=/tunisia/gdp-growth-annual’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/tunisia/gdp-growth-annual’>tradingeconomics.com</a> Calendar GMT Reference Actual ...

  12. Colombia Balance of Trade Colombia trade deficit narrowed to USD 0.67 billion in December of 2016 from a USD 1.62 billion gap in 2015, as exports posted the biggest gain since December of 2011 while imports fell. Exports jumped 32.7 percent year-on-year to USD 3.37 billion, driven by sales of fuels and mining products (43 percent vs 4.1 percent in November) and agricultural goods, food and beverages (50.6 percent vs 14.9 percent). Colombia exported Colombia exported 16.9 million barrels of oil in December, a decline of 24.2 percent compared to 22.3 million barrels a year earlier. Imports fell 2.8 percent to USD 4.04 billion,...

  13. Bulgaria Balance of Trade Bulgaria’s trade balance shifted to BGN 408.1 million deficit from BGN 126.2 million surplus in the same month a year earlier. Exports jumped 8.7 percent to BGN 3.7 billion as sales to the EU increased by 6.6 percent and those to non-EU countries rose by 12.7 percent. Meantime, imports went up at a faster 21 percent to BGN 3.9 billion as purchases from EU and non-EU countries grew by 16 percent and 30.4 percent, respectively. Balance of Trade in Bulgaria averaged -542.57 BGN Million from 2000 until 2017, reaching an all time high of 210.90 BGN Million...

  14. Cyprus Balance of Trade Cyprus recorded a trade deficit of 317903 EUR Thousand in January of 2017. Balance of Trade in Cyprus averaged -190754.25 EUR Thousand from 1975 until 2017, reaching an all time high of 1931 EUR Thousand in May of 1976 and a record low of -887970 EUR Thousand in May of 2016.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=cypprusbalrade&v=201703140021t&h=300&w=600&ref=/cyprus/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/cyprus/balance-of-trade’>tradingeconomics.com</a> Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for...

  15. Kazakhstan Balance of Trade Kazakhstan recorded a trade surplus of 1289.20 USD Million in January of 2017. Balance of Trade in Kazakhstan averaged 1447.26 USD Million from 1998 until 2017, reaching an all time high of 6771.90 USD Million in June of 2011 and a record low of -22.10 USD Million in November of 1998.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=kazakhstanbt&v=201703180222t&h=300&w=600&ref=/kazakhstan/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/kazakhstan/balance-of-trade’>tradingeconomics.com</a> Kazakhstan has been recording trade surpluses since 1998 mainly due to rise in shipments of oil and other commodities. Main imports are:...

  16. Serbia Balance of Trade Serbian trade deficit widened to USD 319.1 million in January of 2017 compared to USD 238 million gap a year ago. Exports rose 7.6 percent to USD 995.9 million, driven by food and live animals (12.9 percent); electrical machinery (24.2 percent); articles of apparel and clothing accessories (7.8 percent); power-generating machinery (33.7 percent); non-ferrous metals (12.1 percent). Imports went up 13 percent to USD 1315 million, driven by petroleum (25.8 percent) and electrical machinery (32.6 percent). Export increased to Germany (6.4 percent), Russia (16.9 percent) and Bulgaria (91.5 percent). Imports were up from Germany (25.4 percent), China...

  17. Sweden Balance of Trade In January 2017 Swedish exports of goods amounted to SEK 103.4 billion, while imports of goods amounted to SEK 101.9 billion. As a result, the net trade balance was SEK 1.5 billion. In January 2016, there was a net trade surplus of SEK 0.8 billion. The value of exports in January 2017 amounted to SEK 103.4 billion, while imports were valued at SEK 101.9 billion. Compared with January 2016, exports increased by 19 percent in value, while imports increased by 18 percent in value. Trade with countries outside the EU resulted in a surplus of SEK 9.4 billion, while EU trade...

  18. South Korea Balance of Trade South Korea recorded a USD11.60 billion trade surplus in June of 2016, compared to a USD9.98 billion surplus a year earlier. It was the largest trade surplus on record as imports dropped more than exports, preliminary data showed. Year-on-year, exports fell by 2.7 percent, the slowest decline in a year, to USD45.3 billion. Imports dropped by 8.0 percent to USD33.70 billion while market expected a 9.5 percent decline. In May 2016, trade surplus stood at a marginally revised USD7.0 billion. The trade balance has been in consistent surpluses since February 2012. Balance of Trade in South Korea averaged 771.02 USD...

  19. Czech Republic Balance of Trade Czech Republic recorded a trade surplus of 48458 CZK Million in January of 2017. Balance of Trade in Czech Republic averaged 5569.59 CZK Million from 1991 until 2017, reaching an all time high of 52828 CZK Million in April of 2016 and a record low of -39868 CZK Million in December of 1992.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=cztbal&v=201703112322t&h=300&w=600&ref=/czech-republic/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/czech-republic/balance-of-trade’>tradingeconomics.com</a> Czech Republic is intensively involved in international trade. It engages in the export of numerous manufactured goods that are used...

  20. Cambodia Balance of Trade Cambodia recorded a trade deficit of 994.90 KHR Billion in November of 2016. Balance of Trade in Cambodia averaged -1335.09 KHR Billion from 2009 until 2016, reaching an all time high of -76.30 KHR Billion in February of 2014 and a record low of -3753 KHR Billion in December of 2013.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=camodiabalrade&v=201703240321t&h=300&w=600&ref=/cambodia/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/cambodia/balance-of-trade’>tradingeconomics.com</a> The garment industry in Cambodia has been expanding rapidly and as a result textiles account for more than 70% of total exports....

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