Exports from Luxembourg advanced 8.2 percent year-on-year to EUR 1.2 billion in October 2018, mainly due to higher shipments of manufactured articles & metals (9.8%); other manufactured articles (11.7%) and chemicals and chemical products (29.1%). Sales increased mainly to Germany (2.1%), France (3.9%) and Belgium (20.4 percent). Exports in Luxembourg averaged 0.73 EUR Billion from 1988 until 2018, reaching an all time high of 1.21 EUR Billion in October of 2018 and a record low of 0.33 EUR Billion in January of 1988.
Exports in Luxembourg is expected to be 0.98 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Luxembourg to stand at 1.08 in 12 months time. In the long-term, the Luxembourg Exports is projected to trend around 1.06 EUR Billion in 2020, according to our econometric models.