Luxembourg’s trade deficit widened to EUR 0.61 billion in September of 2021 from EUR 0.49 billion in the corresponding month of the previous year. Imports hiked 16.9 percent year-on-year to EUR 1.86 billion mainly lifted by purchases of machinery and equipment (11.5 percent to EUR 0.29 billion); chemicals and related products (27.1 percent to EUR 0.24 billion); and mineral fuels and lubricants (108.2 percent to EUR 0.17 billion). Exports rose a slower 13.5 percent to EUR 1.25 billion, mostly underpinned by sales of manufactured goods of raw materials (26.2 percent to EUR 0.29 billion); machinery and equipment (9.8 percent to EUR 0.24 billion); and other manufactured goods (15.0 percent to EUR 0.19 billion). During the third quarter of 2021, the trade deficit narrowed to EUR 1.68 billion from EUR 1.70 billion last year. source: Banque Centrale du Luxembourg

Balance of Trade in Luxembourg averaged -0.36 EUR Billion from 1988 until 2021, reaching an all time high of -0.03 EUR Billion in May of 1989 and a record low of -1.02 EUR Billion in October of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Balance of Trade in Luxembourg is expected to be -0.94 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2022, according to our econometric models.

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Luxembourg Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 02:30 PM Aug €-0.47B €-0.52B
2021-11-25 10:00 AM Sep €-0.61B €-0.49B € -0.9B
2021-12-17 10:00 AM Oct €-0.61B


Related Last Previous Unit Reference
Balance of Trade -0.61 -0.49 EUR Billion Sep/21
Current Account 636.40 300.90 EUR Million Jun/21
Exports 1.25 1.09 EUR Billion Sep/21
Imports 1.86 1.58 EUR Billion Sep/21
External Debt 3403415.65 3381918.74 EUR Million Jun/21
Capital Flows 349.17 219.01 EUR Million Jun/21
Foreign Direct Investment -41109.48 -3525.52 EUR Million Jun/21

News Stream
Luxembourg Trade Gap Widens in September
Luxembourg’s trade deficit widened to EUR 0.61 billion in September of 2021 from EUR 0.49 billion in the corresponding month of the previous year. Imports hiked 16.9 percent year-on-year to EUR 1.86 billion mainly lifted by purchases of machinery and equipment (11.5 percent to EUR 0.29 billion); chemicals and related products (27.1 percent to EUR 0.24 billion); and mineral fuels and lubricants (108.2 percent to EUR 0.17 billion). Exports rose a slower 13.5 percent to EUR 1.25 billion, mostly underpinned by sales of manufactured goods of raw materials (26.2 percent to EUR 0.29 billion); machinery and equipment (9.8 percent to EUR 0.24 billion); and other manufactured goods (15.0 percent to EUR 0.19 billion). During the third quarter of 2021, the trade deficit narrowed to EUR 1.68 billion from EUR 1.70 billion last year.
2021-11-25
Luxembourg Trade Gap Narrows in August
Luxembourg’s trade deficit narrowed to EUR 0.47 billion in August of 2021 from EUR 0.61 billion in the corresponding month of the previous year. Exports surged 27.8 percent year-on-year to EUR 1.11 billion, mainly lifted by sales of manufactured goods of primary materials (53.4 percent to EUR 0.25 billion) and machinery and equipment (14.5 percent to EUR 0.19 billion). At the same time, imports rose at a slower 6.8 percent to EUR 1.58 billion, driven by machinery and equipment (17 percent to EUR 0.28 billion) and mineral fuels and lubricants (56.1 percent to EUR 0.14 billion), while inbound purchases fell for transport equipment (-42.4 percent to EUR 0.23 billion).
2021-10-26
Luxembourg Trade Gap Widens in May
Luxembourg’s trade deficit widened to EUR 0.65 billion in May of 2021 from EUR 0.42 billion in the corresponding month of the previous year. Imports surged 32.5 percent year-on-year to EUR 1.74 billion mainly lifted by purchases of transport equipment (35.3 percent to 0.3 billion); and machinery & equipment (29.0 percent to EUR 0.28 billion). Exports went up slower 22.2 percent to EUR 1.09 billion, mostly underpinned by sales of manufactured goods of primary materials (21.7 percent to EUR 0.24 billion); and machinery & equipment (20.5 percent to EUR 0.19 billion).
2021-07-26

Luxembourg Balance of Trade
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.