Luxembourg Trade Deficit Narrows in May

Luxembourg’s trade deficit narrowed to EUR 0.79 billion in July 2026 from EUR 1.19 billion in the same month a year earlier. Imports fell by 13.9% year-on-year to EUR 2.18 billion, driven largely by a drop in purchases of beverages and tobacco (-41.8%), food and live animals (-7.9%), manufactured articles of base metals (-7.5%), machine and equipment (-40.9%), and transport equipment (-42.1%). Among key trading partners, imports decreased from France (-20.4%), the US (-52.5%), and Japan (-83.3%). Meanwhile, exports rose by 3.2% to EUR 1.39 billion, supported by higher shipments of mineral fuels and lubricants (+15.1%), chemicals and chemical products (+10.5%), and miscellaneous manufactured articles (+15.3%). Export destinations recorded gains to Germany (+5.6%), France (+7.9%), the US (+45.2%), and Japan (+23.2%). For the January–July period, the trade gap widened to EUR 9.50 billion from EUR 9.0 billion in the same period last year.

Luxembourg’s trade deficit widened to EUR 0.83 billion in June 2026 from EUR 0.75 billion in the same month a year earlier. This marked the largest trade shortfall since December 2025, as imports rose 12.3% year-on-year to EUR 2.26 billion, driven by higher purchases of mineral fuels and lubricants (34.1%), chemical and related products (53.2%), and machinery and equipment (25.7%). Purchases also increased from Belgium (5.9%), the United States (276.8%), and Germany (1.1%). Meanwhile, exports increased 13.5% to EUR 1.43 billion, supported by higher shipments of manufactured goods of primary materials (19.2%), transport equipment (8.8%), and miscellaneous manufactured articles (35.4%). Export destinations also grew most to Germany (7.6%), France (10.3%), and Belgium (9.7%). For the January-June period, the trade gap rose to EUR 4.35 billion from EUR 4.26 billion in the same period last year.

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%.