Luxembourg Trade Deficit Widens Slightly

Luxembourg’s trade deficit widened to EUR 0.83 billion in February 2026 from EUR 0.66 billion in the same month a year earlier. Exports fell 5.4% year-on-year to EUR 1.2 billion, weighed down by declining sales of manufactured goods of primary materials (-12.8%), crude materials, inedible, oils, fats and waxes (-13.5%), machinery and equipment (-13.4%), transport equipment (-9.5%), and other manufactured goods (-5.4%). Among trading partners, export destinations saw notable drops in Germany (-6.4%) and the United States (-25.3%). Meanwhile, imports increased 5.4% to EUR 2 billion, supported by higher purchases of machinery and equipment (74.6%), miscellaneous manufactured articles (4.1%), food and live animals (6.5%), and chemicals and related products (2.7%). Imports expanded primarily from Japan (916.9%) and the United States (47.4%).

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.