Luxembourg - Balance commerciale

Luxembourg’s trade gap narrowed to EUR 480 million in June of 2019 from EUR 566 million in the same month of the previous year. Exports fell 2.2 percent from a year earlier to 1,1120.6 million and imports dropped at a faster 6.5 percent to EUR 1,600.6 million. Considering the second quarter of 2019, the trade deficit shrank to EUR 1,607.8 million from EUR 1,713 million a year earlier, as exports rose 5.4 percent to EUR 3,485.8 million and imports went up 1.5 percent to EUR 5,093.5 million.

The trade deficit in Luxembourg rose to EUR 592.1 million in May of 2019 from EUR 580.6 million in the same month of the previous year. Exports climbed 3.2 percent from a year earlier to EUR 1,145.5 million, boosted by sales of machinery and equipment (+6.5 percent); transport equipment (+15.1 percent); chemicals and related products (+5.1 percent) and miscellaneous manufactured articles (+12.3 percent). Meantime, imports went up at a softer 2.8 percent to EUR 1,737.6 million, mainly due to higher purchases of transport equipment (+0.1 percent); machinery and equipment (+2.8 percent); miscellaneous manufactured articles (+36.3 percent) and mineral fuels and lubricants (13.9 percent).

The trade deficit in Luxembourg shrank to EUR 534.3 million in April of 2019 from EUR 566.4 million in the same month of the previous year. Exports jumped 14.7 percent from a year earlier to EUR 1,204 million, boosted by sales of manufactured articles of base metal (7.7 percent); machinery & equipment (19.9 percent); transport equipment (55.1 percent) and chemicals & chemical products (10.4 percent). Shipments advanced mainly to Germany (3.4 percent); France (15.2 percent); Belgium (14.3 percent) and the US (97.1 percent). Meantime, imports rose at a softer 7.6 percent to EUR 1,738 million, mainly due to higher purchases of transport equipment (5.9 percent); machinery & transport (8 percent); chemicals & chemical products (3.8 percent) and mineral fuels & lubricants (22.6 percent). Imports went up mainly from Belgium (9.7 percent); France (1.2 percent); the US (32.2 percent) and Japan (8.9 percent); while those from Germany fell 1.7 percent.

The trade gap in Luxembourg narrowed to EUR 595.3 million in March of 2019 from EUR 602 million in the corresponding month of the previous year. Exports decreased 0.2 percent from a year earlier to EUR 1,171.2 million while imports fell at a faster 0.5 percent to EUR 1,766.4 million. Considering the first quarter of 2019, the trade deficit widened to EUR 1,710 million from EUR 1,695 million in the same period of 2018, as exports climbed 2.9 percent to EUR 3,337 million and imports rose 2.2 percent to EUR 5,047 million.

Luxembourg's trade deficit decreased to EUR 0.54 billion in January 2019 from EUR 0.58 billion in the same month a year ago. Exports grew 4 percent to EUR 1.10 billion, mainly driven by sales of mineral fuels, lubricants (51.2 percent); machinery & equipment (9.2 percent); other manufactured articles (4.5 percent); chemicals (4 percent); transport equipment (7.4 percent) and miscellaneous manufactured articles (9.8 percent). Meantime, imports rose at a slower 0.3 percent to EUR 1.65 billion, as higher purchases of machinery & equipment (12.8 percent); chemicals (7.7 percent) and mineral fuels, lubricants (20.8 percent) were partly offset by a decline in the ones of transport equipment (-32.2 percent).

The trade gap in Luxembourg rose slightly to EUR 674.5 million in December of 2018 from EUR 628.1 million in the same month of the previous year. Exports increased 4.7 percent to EUR 974.1 million, boosted by higher sales of machinery & equipment (11.3 percent); manufactured goods of primary materials (6.6 percent) and chemicals & related products (3.3 percent). Meanwhile, imports advanced at a faster 5.8 percent to EUR 1,648.7 million, mainly due to higher purchases of manufactured goods of primary materials (80.5 percent); chemicals & related products (4.9 percent) and other manufactured goods, classified by material (84.8 percent). On the other hand, imports fell for machinery & equipment (-4.1 percent) and transport equipment (-21.5 percent). Considering 2018, the trade deficit widened to EUR 6,807.3 million from EUR 6,323.3 million in 2017, as imports climbed 4.8 percent to EUR 19,904 million while exports wet up at a slower 3.4 percent to EUR 13,096.7 million.