Luxembourg Balance of Trade

Last Release

Nov 30, 2024

Actual

-0.74

Units In

EUR Billion

-0.71

Frequency

Monthly

Next Release

Feb 25, 2025

Time to Release

27 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
-0.53 Sep 2023	-1.02 Oct 2011	-0.38 EUR Billion	1988-2024	N/A

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.

Latest Updates

Luxembourg’s trade deficit widened to EUR 0.74 billion in November 2024, from EUR 0.73 billion in the same month of the previous year. Year-on-year, exports declined by 3.1% to EUR 1.25 billion, primarily due to lower sales for mineral fuels and lubricants (-33.5%), machinery and equipment (-12.6%), and manufactured goods of primary materials (-5.8%). Shipments dropped the most for Japan (-70%), Germany (-8.8%), and France (-3.7%). Meanwhile, imports fell at a softer 1.1% to EUR 1.99 billion, with purchases decreasing for manufactured goods of primary materials (-14.7%), mineral fuels and lubricants (-6.6%), and machinery and equipment (-4.5%). Arrivals plunged mostly for Japan (-43.5%), Belgium (-8.5%), and France (-2.9%).