Luxembourg's trade deficit widened to EUR 752.0 million in March of 2022 from EUR 656.9 million in the same month of 2021, as imports climbed 18.3 percent to EUR 2,239.7 million and exports rose 20.3 percent to 1,487.7 million. source: Banque Centrale du Luxembourg

Balance of Trade in Luxembourg averaged -0.36 EUR Billion from 1988 until 2022, reaching an all time high of -0.03 EUR Billion in May of 1989 and a record low of -1.03 EUR Billion in October of 2021. This page provides the latest reported value for - Luxembourg Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Luxembourg is expected to be -0.94 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2023, according to our econometric models.

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Luxembourg Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-26 10:00 AM Feb €-0.64B €-0.75B €-0.3B
2022-05-25 02:00 PM Mar €-0.75B €-0.64B € -0.9B
2022-06-27 10:00 AM Apr €-0.75B €-0.79B


Related Last Previous Unit Reference
Balance of Trade -0.75 -0.64 EUR Billion Mar 2022
Current Account 439.50 -1344.90 EUR Million Mar 2022
Exports 1.49 1.30 EUR Billion Mar 2022
Imports 2.24 1.91 EUR Billion Mar 2022
External Debt 3512715.51 3364918.81 EUR Million Dec 2021
Capital Flows -1349.00 -727.00 EUR Million Dec 2021
Foreign Direct Investment 59823.12 -53654.45 EUR Million Dec 2021

Luxembourg Balance of Trade
Luxembourg is an export-intensive economy. The country has traditionally imported most of its consumer goods and exported industrial products (steel). Exports now also include chemical and rubber products, finished glass and the most profitable financial services. The nation remains dependent on energy imports. European Union is by far its largest trading partner, accounting for about 84% of exports and 87% of imports.
Actual Previous Highest Lowest Dates Unit Frequency
-0.75 -0.64 -0.03 -1.03 1988 - 2022 EUR Billion Monthly
Current Prices, NSA

News Stream
Luxembourg Trade Gap Widens in December
Luxembourg’s trade deficit widened to EUR 0.674 billion in November of 2021 from a EUR 0.582 gap in the corresponding month of the previous year. Imports jumped 17.8 percent year-on-year to EUR 1.929 billion, mainly lifted by purchases of machinery and equipment (6.2 percent to (EUR 0.314 billion), chemicals and related products (35.3 percent to EUR 0.251 billion), and mineral fuels and lubricants (90.5 percent to EUR 0.203 billion). In the meantime, exports jumped by 18.9 percent to EUR 1.255 billion, led by higher sales of manufactured goods of primary materials (45 percent to EUR 0.312 billion) and machinery and equipment (8.1 percent to EUR 0.224 billion).
2022-01-25
Luxembourg Trade Gap at 10-Year High
Luxembourg’s trade deficit widened to EUR 0.98 billion in October of 2021, the largest deficit since October of 2011, from EUR 0.58 billion in the corresponding month of the previous year. Imports surged 30.4 percent year-on-year to EUR 2.19 billion, mainly lifted by purchases of transport equipment (98.2 percent to EUR 0.59 billion), machinery and equipment (11 percent to EUR 0.33 billion), and chemicals and related products (23.4 percent to EUR 0.24 billion). Export rose a slower 10.3 percent to EUR 1.21 billion, lifted by manufactured goods of primary materials (39.8 percent to EUR 0.31 billion) and machinery and equipment (4.4 percent to EUR 0.21 billion).
2021-12-17
Luxembourg Trade Gap Widens in September
Luxembourg’s trade deficit widened to EUR 0.61 billion in September of 2021 from EUR 0.49 billion in the corresponding month of the previous year. Imports hiked 16.9 percent year-on-year to EUR 1.86 billion mainly lifted by purchases of machinery and equipment (11.5 percent to EUR 0.29 billion); chemicals and related products (27.1 percent to EUR 0.24 billion); and mineral fuels and lubricants (108.2 percent to EUR 0.17 billion). Exports rose a slower 13.5 percent to EUR 1.25 billion, mostly underpinned by sales of manufactured goods of raw materials (26.2 percent to EUR 0.29 billion); machinery and equipment (9.8 percent to EUR 0.24 billion); and other manufactured goods (15.0 percent to EUR 0.19 billion). During the third quarter of 2021, the trade deficit narrowed to EUR 1.68 billion from EUR 1.70 billion last year.
2021-11-25