Trade deficit in Luxembourg rose to EUR 666.4 million in November 2019 from EUR 623.9 million in the corresponding month of the previous year. Exports fell 5.9 percent to EUR 1,061.8 million and imports wend down at a softer 1.4 percent to EUR 1,728.1 million. Luxembourg Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
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. 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.
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 -0.94 in 12 months time. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2021, according to our econometric models.