The trade deficit in Luxembourg narrowed to EUR 0.52 billion in March of 2020 from EUR 0.62 billion in the corresponding month of the previous year, as imports fell 13.4 percent to EUR 1.57 billion while exports went down at a softer 11.4 percent to EUR 1.05 billion. Considering the first quarter of 2020, the country’s trade gap shrank to EUR 1.55 billion from EUR 1.74 billion, with imports dropping 7.8 percent and exports declining 6 percent.
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 -1.06 EUR Billion in September of 2012. 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 2020.
Balance of Trade in Luxembourg is expected to be -0.78 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 2021, according to our econometric models.