Luxemburgo Balança Comercial

Luxembourg’s trade deficit narrowed to EUR 0.54 billion in January 2025, from EUR 0.68 billion in the corresponding month a year ago, as exports rose while imports fell. Exports grew by 1.1% year-on-year to EUR 1.21 billion, driven mainly by higher sales of crude materials, inedible, oils, fats and waxes (27.3%), mineral fuels and lubricants (25.3%), and beverages and tobacco (21.4%). Export growth was strongest to the U.S. (16.7%), followed by Germany (11.1%) and Belgium (7.1%). Meanwhile, imports dropped by 6.9% to EUR 1.75 billion, primarily due to a sharp drop in purchases of machinery and equipment (-27.8%) and mineral fuels and lubricants (-26.5%). Import declines were particularly notable from the U.S. (-66.6%) and Japan (-47.5%).