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.