The trade deficit in Luxembourg shrank to EUR 534.3 million in April of 2019 from EUR 566.4 million in the same month of the previous year. Exports jumped 14.7 percent from a year earlier to EUR 1,204 million, boosted by sales of manufactured articles of base metal (7.7 percent); machinery & equipment (19.9 percent); transport equipment (55.1 percent) and chemicals & chemical products (10.4 percent). Shipments advanced mainly to Germany (3.4 percent); France (15.2 percent); Belgium (14.3 percent) and the US (97.1 percent). Meantime, imports rose at a softer 7.6 percent to EUR 1,738 million, mainly due to higher purchases of transport equipment (5.9 percent); machinery & transport (8 percent); chemicals & chemical products (3.8 percent) and mineral fuels & lubricants (22.6 percent). Imports went up mainly from Belgium (9.7 percent); France (1.2 percent); the US (32.2 percent) and Japan (8.9 percent); while those from Germany fell 1.7 percent. Balance of Trade in Luxembourg averaged -0.34 EUR Billion from 1988 until 2019, 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.

Balance of Trade in Luxembourg is expected to be -0.37 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 -0.78 in 12 months time. In the long-term, the Luxembourg Balance of Trade is projected to trend around -0.94 EUR Billion in 2020, according to our econometric models.

Luxembourg Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 10:00 AM Balance of Trade Jan €-0.54B €-0.67B €-0.61B
2019-04-25 08:55 AM Balance of Trade Feb €-0.56B €-0.53B €-0.48B
2019-05-24 09:00 AM Balance of Trade Mar €-0.60B €-0.57B € -0.6B
2019-06-25 09:00 AM Balance of Trade Apr €-0.53B €-0.61B €-0.55B
2019-07-26 09:00 AM Balance of Trade May €-0.53B €-0.56B
2019-08-23 09:00 AM Balance of Trade Jun € -0.3B
2019-09-25 09:00 AM Balance of Trade Jul

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.53 -0.61 -0.03 -1.06 EUR Billion [+]
Current Account 725.20 -593.00 3148.90 -2073.70 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.74 1.78 2.00 0.36 EUR Billion [+]
Exports 1.20 1.18 1.20 0.33 EUR Billion [+]
External Debt 3726940.03 3661925.78 3928297.76 678052.57 EUR Million [+]
Capital Flows 617.05 713.20 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.20 2.20 2.39 2.20 Tonnes [+]
Foreign Direct Investment -241212.20 -105595.60 306462.90 -241212.20 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.53 -0.61 -0.03 -1.06 1988 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19