Luxembourg’s trade deficit remained little changed at EUR 0.50 billion between February of 2021 and 2020. Imports fell by 0.7 percent year-on-year to EUR 1.57 billion mainly due to lower purchases of transport equipment (-25.9 percent), manufactured goods of raw materials (-3.9 percent). Meanwhile, exports dropped 1.2 percent to EUR 1.03 billion, mainly dragged by fewer sales of transport equipment (-9.6 percent), manufactured goods of raw materials (-8.0 percent) and of chemicals & related products (-5.5 percent). source: Banque Centrale du Luxembourg

Balance of Trade in Luxembourg averaged -0.35 EUR Billion from 1988 until 2021, 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 May 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.

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Luxembourg Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-0.55 -0.50 -0.03 -1.02 1988 - 2021 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-26 02:40 PM Nov €-0.54B €-0.54B
2021-02-25 10:00 AM Dec €-0.63B €-0.56B
2021-03-26 10:15 AM Jan €-0.50B €-0.64B €-0.48B
2021-04-23 01:00 PM Feb €-0.55B €-0.50B €-0.52B
2021-05-26 09:00 AM Mar €-0.55B
2021-06-25 09:00 AM Apr
2021-07-26 09:00 AM May
2021-08-25 09:00 AM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Luxembourg Trade Gap Remains Unchanged in February
Luxembourg’s trade deficit remained little changed at EUR 0.50 billion between February of 2021 and 2020. Imports fell by 0.7 percent year-on-year to EUR 1.57 billion mainly due to lower purchases of transport equipment (-25.9 percent), manufactured goods of raw materials (-3.9 percent). Meanwhile, exports dropped 1.2 percent to EUR 1.03 billion, mainly dragged by fewer sales of transport equipment (-9.6 percent), manufactured goods of raw materials (-8.0 percent) and of chemicals & related products (-5.5 percent).
2021-04-23
Luxembourg Trade Gap Narrows in January
Luxembourg’s trade deficit narrowed to EUR 0.50 billion in January 2021 from EUR 0.55 billion in the corresponding month of the previous year. Imports fell 8.3 percent year-on-year to EUR 1.47 billion mainly due to lower purchases of mineral fuels and lubricants (-35.3 percent); machinery and equipment (-2.9 percent); transport equipment (-2.2 percent); chemicals and related products (-4.2 percent); miscellaneous manufactured articles (-1.2 percent); and manufactured goods of raw materials (-4.8 percent). Exports dropped 8.5 percent to EUR 0.97 billion, mainly dragged by fewer sales of manufactured goods of raw materials (-18.8 percent); machinery and equipment (-3.6 percent); other manufactured goods(-10.8 percent); chemicals and related products (-3.9 percent).
2021-03-26
Luxembourg Posts Smallest Trade Gap in Over 3 Years
Luxembourg’s trade deficit narrowed to EUR 0.26 billion in April 2020 from EUR 0.55 billion in the corresponding month of the previous year. It was the smallest trade gap since January 2017, amid the coronavirus pandemic. Imports slumped 39.4 percent year-on-year to an over ten-year low EUR 1.08 billion mainly due to lower purchases of transport equipment (-69 percent); machinery and equipment (-25.7 percent); miscellaneous manufactured articles (-37.9 percent); mineral fuels and lubricants (-60.9 percent); and food products (-11.1 percent). Exports plunged 33.2 percent to an over nine-year low of EUR 0.82 billion, as sales dropped for machinery and equipment (-31.8 percent); transport equipment (-70.9 percent); manufactured articles (-40.3 percent); chemicals and related products (-2.7 percent) and miscellaneous manufactured articles (-27 percent).
2020-06-25
Luxembourg Trade Gap Shrinks in March
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.
2020-05-26

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.