Luxembourg Trade Deficit Narrows in May

Luxemburg's trade deficit narrowed to €0.66 billion in May 2026 from €0.67 in the same month a year earlier. Exports rose 6.4% year-on-year to €1.33 billion, supported by higher shipments of chemical and other related products (27.9%), base metal manufactured goods (8.5%) and transport materials (7.7%). Shipments to the United States (8.1%), Germany (5.9%) and Belgium (5.9%) saw the highest gains. Imports increased at a slower pace of 3.8% to €1.99 billion, driven by stronger purchases of mineral fuels and lubricants (52.1%), chemical and related products (22.3%), and machinery and equipment (7.4%). Purchases from the United States surged 153.0%, while purchases from Japan increased 74.8%.

Luxembourg’s trading deficit widened to EUR 0.84 billion in April 2026 from EUR 0.62 billion in the same month last year. Imports jumped 13.2% year-on-year to EUR 2.21 billion, lifted by higher purchases of mineral fuels and lubricants (+50.6%), machines and equipments (+23.7%), transport equipment (+29.5%), and miscellaneous manufactured goods (+17.1%), chemicals and related products (+14.8%). Among trading partners, imports saw gains in the US (458.4%), Japan (292.7%), and Belgium (11.7%). Meanwhile, exports rose 3% to EUR 1.37 billion, driven largely by higher sales of chemicals and related products (+19.9%), machine equipment (8.9%), other manufactured goods classified according to raw materials (8%), and transport equipment (4.8%). Export destinations increased in France (5.6%), Belgium (16%), and Germany (1.6%).

Luxembourg’s trade deficit narrowed sharply to EUR 0.75 billion in March 2026 from EUR 1.01 billion in the same month last year. Exports rose 7.3% year-on-year to EUR 1.40 billion, mainly due to higher sales of chemicals and chemical products (5.2%), manufactured goods of primary materials (8.8%), machinery and equipment (6.5%), and miscellaneous manufactured articles (23.9%). Among trading partners, export destinations saw gains in France (19.6%), Belgium (16.2%), Germany (8.5%), Japan (10.8%), and the US (5.5%). Meanwhile, imports dropped 6.9% to EUR 2.15 billion, weighed down by lower purchases of beverages and tobacco (-12.3%), crude materials, inedible oils, fats, and waxes(-30.3%), mineral fuels and lubricants (-1.8%), and transport equipment (-16.8%). Imports declined primarily from the US (-62.6%), Germany (-14.4%), France (-13.1%), and Belgium (-3.4%).