Luxembourg Trade Deficit Widens

Luxembourg’s trade deficit widened to EUR 0.88 billion in November 2025 from EUR 0.81 billion in the same month of the previous year. Imports increased 2% year-on-year to EUR 2.09 billion, supported by higher purchases of transportation equipment (7.2%), machinery and equipment (20.3%), and chemicals and chemical products (3.3%). Imports mostly came from Japan and other Asian countries, although notable declines were recorded from Germany, Belgium, and France. On the other hand, exports fell 2.8% year-on-year to EUR 1.21 billion, dragged down by lower sales of base metal manufactures (-13.5%), machinery and equipment (-9.8%), and chemicals and chemical products (-1.9%). Exports declined the most to Germany and France, while rising to Belgium.

Luxembourg’s trade deficit widened to EUR 1.10 billion in October 2025 from EUR 0.81 billion in the corresponding month of the previous year, as imports rose much faster than exports. Imports grew 16% year-on-year to EUR 2.46 billion, largely driven by increased purchases of machinery and equipment (123.8%) and food products and live animals (9.2%). Most imports came from France (7.7%). Meanwhile, exports rose 3.4% to EUR 1.36 billion, primarily due to higher sales of other manufactured goods classified by raw material (6.8%) and machinery and equipment (1.3%). However, these increases were partly offset by a 13.9% decline in exports of manufactured articles made of base metals. Exports were mainly directed to Germany (0.8%) and Belgium (10.8%).

Luxembourg’s trade deficit narrowed to EUR 0.63 billion in September 2025 from EUR 0.75 billion in the same month a year earlier, as export rose while imports declined, marking the smallest trade gap since May. Exports increased 6.1% year-on-year to EUR 1.31 billion, supported by strong gains in other manufactured goods classified by material (13.5%), transport equipment (9.7%), and beverages and tobacco (8.7%). Export growth was particularly strong toward Belgium (24.7%) and France (13.9%). Meanwhile, imports fell 2.2% to EUR 1.94 billion, weighed down by sharp declines in minerals, fuels, and lubricants (-19.1%), transport equipment (-14.2%), and other manufactured goods classified by material (-3.2%). Imports mostly decreased from other European countries (-51.8%), and the United States (-37.6%).