The trade deficit in Luxembourg edged up to EUR 536.5 million in July of 2019 from EUR 533.3 million in the same month of the previous year, as exports rose 3.1 percent to EUR 1,118 million and imports advanced 2.3 percent to EUR 1,654.5 million. Balance of Trade in Luxembourg averaged -0.34 EUR Billion from 1988 until 2019, 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 -0.78 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.