Imports to Luxembourg grew 11.4 percent year-on-year to EUR 1.8 billion in October 2018, the highest value since March 2017, amid stronger purchases of mineral fuels, lubricants (62%) and transport equipment (21.5%). In contrast, imports of machinery & equipment fell 5.3 percent. Among major trading partners, purchases advanced mainly from Belgium (21.2%), Germany (9.2%) and France (8.7%). Imports in Luxembourg averaged 1.06 EUR Billion from 1988 until 2018, reaching an all time high of 2 EUR Billion in October of 2011 and a record low of 0.36 EUR Billion in January of 1988.
Imports in Luxembourg is expected to be 1.60 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Luxembourg to stand at 1.62 in 12 months time. In the long-term, the Luxembourg Imports is projected to trend around 2.00 EUR Billion in 2020, according to our econometric models.