Luxembourg's trade deficit widened to EUR 0.53 billion in January of 2020 from EUR 0.51 billion in the same month of the previous year. Exports decreased 5 percent to EUR 1.07 billion while imports fell at a softer 2.5 percent to 1.60 billion.
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 April 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.