The trade deficit in Luxembourg widened to EUR 0.60 billion in October 2018 from EUR 0.50 billion in the same month of the previous year. It is the widest trade gap since December last year. Imports grew at a faster 11.4 percent to EUR 1.8 billion, the highest value since March 2017, amid stronger purchases of mineral fuels, lubricants (62%) and transport equipment (21.5%). In contrast, imports of machinery & equipment fell 5.3 percent. Among major trading partners, purchases advanced mainly from Belgium (21.2%), Germany (9.2%) and France (8.7%). Meantime, exports advanced 8.2 percent to EUR 1.2 billion, mainly due to higher shipments of manufactured articles & metals (9.8%); other manufactured articles (11.7%) and chemicals and chemical products (29.1%). Sales increased mainly to Germany (2.1%), France (3.9%) and Belgium (20.4 percent). Balance of Trade in Luxembourg averaged -0.34 EUR Billion from 1988 until 2018, reaching an all time high of -0.03 EUR Billion in May of 1989 and a record low of -1.06 EUR Billion in September of 2012.

Balance of Trade in Luxembourg is expected to be -0.62 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Luxembourg to stand at -0.54 in 12 months time. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2020, according to our econometric models.

Luxembourg Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-25 09:45 AM Balance of Trade €-0.51B €-0.54B €-0.39B
2018-11-16 10:00 AM Balance of Trade €-0.46B €-0.54B €-0.48B
2018-11-23 10:30 AM Balance of Trade €-0.57B €-0.45B € -0.4B
2018-12-14 10:55 AM Balance of Trade €-0.60B €-0.58B €-0.55B
2019-01-25 10:00 AM Balance of Trade €-0.60B
2019-02-25 10:00 AM Balance of Trade € -0.62B
2019-03-28 10:00 AM Balance of Trade

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.60 -0.58 -0.03 -1.06 EUR Billion [+]
Current Account -897.40 2503.50 3148.90 -2073.70 EUR Million [+]
Current Account to GDP 5.00 6.40 12.60 5.00 percent [+]
Imports 1.80 1.66 2.00 0.36 EUR Billion [+]
Exports 1.21 1.08 1.21 0.33 EUR Billion [+]
External Debt 3698869.28 3608395.20 3928297.76 678052.57 EUR Million [+]
Capital Flows -988.14 2443.29 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.20 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -13661.20 -51971.37 264624.90 -239461.50 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.58 -0.03 -1.06 1988 - 2018 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18