Luxembourg recorded a trade deficit of 0.56 EUR Billion in February of 2019. 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 -0.37 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
2019-01-25 09:20 AM Balance of Trade €-0.57B €-0.64B €-0.63B
2019-02-25 10:00 AM Balance of Trade €-0.67B €-0.60B € -0.62B
2019-03-28 10:00 AM Balance of Trade €-0.54B €-0.67B €-0.61B
2019-04-25 08:55 AM Balance of Trade €-0.56B €-0.53B €-0.48B
2019-05-24 09:00 AM Balance of Trade €-0.56B € -0.6B
2019-06-25 09:00 AM Balance of Trade
2019-07-26 09:00 AM Balance of Trade

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.56 -0.53 -0.03 -1.06 EUR Billion [+]
Current Account -560.50 1917.30 3148.90 -2073.70 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.65 1.63 2.00 0.36 EUR Billion [+]
Exports 1.08 1.10 1.20 0.33 EUR Billion [+]
External Debt 3661925.78 3767762.78 3928297.76 678052.57 EUR Million [+]
Capital Flows 713.20 2193.89 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.20 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -241212.20 -105595.60 306462.90 -241212.20 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.56 -0.53 -0.03 -1.06 1988 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19