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.