Luxembourg Trade Deficit Widens Slightly

Luxembourg recorded a trade deficit of EUR 0.59 billion in January 2026, widening slightly from EUR 0.55 billion in the same month of the previous year. Imports increased 2.6% year-on-year to EUR 1.83 billion, boosted by higher purchases of machinery and equipment (26.7%), transportation equipment (7.0%), chemicals and chemical products (4.7%), and food and live animals (3.7%). Imports mostly came from Japan and other Asian countries. On the other hand, exports rose moderately by 0.6% year-on-year to EUR 1.24 billion, supported by higher sales of machinery and equipment (0.8%), miscellaneous manufactured articles (53.4%), food and live animals (1.2%), and beverages and tobacco (8.1%). Exports grew the most to Germany, France, and other Asian countries.

Luxembourg recorded a trade deficit of EUR 0.91 billion in December of 2025, narrowing slightly from the EUR 1.15 billion gap in the corresponding period of the previous year. Exports surged by 14.9% annually to EUR 1.41 billion, supported by a surge in manufacturing goods from raw materials (14.4% to EUR 179 million) and other manufacturing goods (75.6% to EUR 183 million). In turn, imports fell by 3.9% to EUR 2.12 billion, pressured by declines in fuels due to lower prices (-21.4% to EUR 188 million). Imports to the US sank by 82.5% to 54.6 million due to the tariffs imposed by the White House and countermeasures by the EU.

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.