The trade gap in Luxembourg decreased slightly to EUR 567.7 million in November of 2018 from EUR 569.7 million in the corresponding month of the previous year. Exports climbed 4.8 percent to EUR 1,135.3 million, boosted by higher sales of manufactured goods of primary materials (+4.9 percent); machinery & equipment (+8.5 percent) and other manufactured goods, classified by material (+9.4 percent). Among major trading partners, shipments advanced to France (+4.5 percent) and Belgium (+3.5 percent). Meanwhile, imports rose 3 percent to EUR 1,703 million, mainly due to higher purchases of mineral fuels & lubricants (+25.3 percent) and chemicals & related products (+5.9 percent); while imports of machinery & equipment (-5.4 percent) and transport equipment (-2.8 percent) decreased. Purchases went up mainly from Belgium (+9.7 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 -0.67 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 -0.78 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
2018-11-16 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 09:20 AM Balance of Trade €-0.57B €-0.64B €-0.63B
2019-02-25 10:00 AM Balance of Trade €-0.57B € -0.62B
2019-03-28 10:00 AM Balance of Trade
2019-04-25 09:00 AM Balance of Trade

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.57 -0.64 -0.03 -1.06 EUR Billion [+]
Current Account -1381.90 -601.30 3148.90 -2073.70 EUR Million [+]
Current Account to GDP 4.90 5.10 12.60 4.90 percent [+]
Imports 1.70 1.80 2.00 0.36 EUR Billion [+]
Exports 1.14 1.19 1.19 0.33 EUR Billion [+]
External Debt 3767762.78 3769888.02 3928297.76 678052.57 EUR Million [+]
Capital Flows 1677.40 -697.45 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.20 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -20838.80 -4127.60 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.57 -0.64 -0.03 -1.06 1988 - 2018 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18