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.

Luxembourg Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-25 09:00 AM Balance of Trade Apr €-0.53B €-0.61B €-0.55B
2019-07-26 11:00 AM Balance of Trade May €-0.59B €-0.55B €-0.56B
2019-08-23 09:00 AM Balance of Trade Jun €-0.48B €-0.58B € -0.3B
2019-09-25 08:50 AM Balance of Trade Jul €-0.54B €-0.51B €-0.44B
2019-10-25 10:00 AM Balance of Trade Aug €-0.54B €-0.49B
2019-11-25 10:00 AM Balance of Trade Sep € -0.5B
2019-12-20 10:00 AM Balance of Trade Oct

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.54 -0.51 -0.03 -1.06 EUR Billion [+]
Current Account 1378.20 53.50 2717.60 -2221.30 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.65 1.62 2.00 0.36 EUR Billion [+]
Exports 1.12 1.11 1.21 0.33 EUR Billion [+]
External Debt 3736980.23 3726940.03 3928297.76 678052.57 EUR Million [+]
Capital Flows 1291.43 617.05 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.24 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -1805.80 45780.20 321172.90 -302842.00 EUR Million [+]

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.54 -0.51 -0.03 -1.06 1988 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 1744.00 Sep/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -3984900.00 Aug/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19