Luxembourg recorded a trade deficit of EUR 0.54 billion in November of 2020, lower than the EUR 0.71 billion trade gap a year earlier. Exports edged up 0.8 percent to EUR 1.07 billion, leveraged by an 18.4 percent increase in miscellaneous manufactured goods, followed by transport equipment (9 percent) and machinery and equipment (1.3 percent). On the downside, exports for manufactured goods of primary materials dropped 9.5 percent, and other manufactured goods fell 2.2 percent. Besides, exports of chemical and related products were the same. Imports fell 9 percent to EUR 1.61 billion, dragged by an overall decrease, mainly led by a 37.9 percent plunge in mineral fuels and lubricants, followed by manufactured goods of primary materials (12.6 percent), machinery and equipment (8.8 percent), and transport equipment (8.6 percent). source: Banque Centrale du Luxembourg
Balance of Trade in Luxembourg averaged -0.35 EUR Billion from 1988 until 2020, reaching an all time high of -0.03 EUR Billion in May of 1989 and a record low of -1.02 EUR Billion in October of 2011. 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 February of 2021.
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. Looking forward, we estimate Balance of Trade in Luxembourg to stand at -0.94 in 12 months time. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2022, according to our econometric models.