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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202001

 1.  Overview the trade of LUXEMBOURG in goods current year until 202001

According to Dalian Infobank, in 202001LUXEMBOURG's exports and imports of goods amounted to 2960.4256 million, and were down 31.68% comparing with the same period of last year. Among these, exports were down 37.79% at 1184.4822 million, and imports were down 26.90% at 1775.9434 million. And the corresponding trade deficit was 591.4612 million and up 12.60%.

During the current year until 202001, LUXEMBOURG's total exports and imports of goods were 2960.4256 million and were down 31.68% comparing to the same period of last year. Among these, exports were 1184.4822 million and down 37.79%; imports were 1775.9434 million and down 26.90%. The total trade deficit was 591.4612 million and up 12.60%.

If considering by country (region), BELGIUM, GERMANY, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202001, LUXEMBOURG's imports and exports to five countries/territories were 819.2891 million, 737.6933 million, 393.1949 million, 164.1701 million, 88.6879 million. These values correspond to 27.67%, 24.92%, 13.28%, 5.55%, 3.00% of LUXEMBOURG's imports and exports, and, respectively, were down 1.32%, down 6.12%, down 14.96%, down 21.07%, down 41.75% comparing to the same period of last year.

Current year until 202001, LUXEMBOURG and the top five trade partners GERMANY, FRANCE, BELGIUM, NETHERLANDS, ITALY are the top five countries/territories that LUXEMBOURG exports to in terms of the total export amount. During the current year until 202001, LUXEMBOURG's exports to these five countries/territories were 315.2570 million, 208.3770 million, 149.1927 million, 65.0260 million, 48.8200 million. These values correspond to 26.62%, 17.59%, 12.60%, 5.49%, 4.12% of LUXEMBOURG's exports and, respectively, were down 9.50%, down 16.39%, down 5.86%, down 31.25%, down 54.50% comparing with the same period of last year.

Current year until 202001, LUXEMBOURG's exports to top five countries/territories BELGIUM, GERMANY, FRANCE, NETHERLANDS, JAPAN are the top five countries/territories that LUXEMBOURG imports from in terms of the total export amount. During the current year until 202001, LUXEMBOURG's imports from these five countries/territories were 670.0964 million, 422.4362 million, 184.8178 million, 99.1441 million, 55.8468 million. These values correspond to 37.73%, 23.79%, 10.41%, 5.58%, 3.14% of LUXEMBOURG's total imports and, respectively, were down 0.25%, down 3.43%, down 13.27%, down 12.58%, up 17.17% comparing with the same period of last year.

During the current year until 202001, the trade surplus of LUXEMBOURG was mainly from FRANCE, UNITED KINGDOM, SWEDEN, TURKEY, AUSTRIA at 23.5592 million, 16.8492 million, 12.1167 million, 10.2964 million, 10.2220 million, and down 34.80%, down 83.83%, down 88.90%, up 18.69%, down 60.25%. And the trade deficits were mainly from BELGIUM, GERMANY, JAPAN, NETHERLANDS, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF INTRA-EU TRADE at 520.9037 million, 107.1792 million, 50.7188 million, 34.1181 million, 28.5826 million, and up 1.48%, up 20.33%, up 27.51%, up 81.21%, down 31.02%.

Current year until 202001, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 87, 84, 72, 39, 27, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 392.4610 million, 326.6515 million, 232.1321 million, 231.3155 million, 216.5191 million, which were up 6.83%, down 0.65%, down 21.26%, down 6.75%, down 7.23% comparing with the same period of last year and account for 13.26%, 11.03%, 7.84%, 7.81%, 7.31% of LUXEMBOURG's total imports and exports.

During the current year until 202001, 84, 72, 39, 87, 85 were LUXEMBOURG's top five traded commodities, with total import and export values of 147.7439 million, 134.3643 million, 131.9367 million, 121.6026 million, 61.5444 million. These values correspond to 12.47%, 11.34%, 11.14%, 10.27%, 5.20% of LUXEMBOURG's total exports and, respectively, were down 5.20%, down 20.17%, down 3.19%, up 10.04%, down 91.24% comparing to the same period of last year.

During the current year until 202001, 87, 27, 84, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 270.8584 million, 215.4321 million, 178.9076 million, 127.3622 million, 99.3788 million. These values correspond to 15.25%, 12.13%, 10.07%, 7.17%, 5.60% of LUXEMBOURG's total exports and, respectively, were up 5.45%, down 7.08%, up 3.46%, down 82.02%, down 11.08% comparing to the same period of last year.


2. Current year until 202001, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202001, LUXEMBOURG-China binational exports and imports of goods amounted to 39.7383 million and were down 93.59% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 13.3046 million and down 38.10%, imports from China to LUXEMBOURG were 26.4337 million and down 95.58%. The total binational trade deficit was 13.1291 million and down 97.72%.

During the urrent year until 202001, commodities with hs2 code, 84, 85, 56, 39, 74, were binational trade's top five traded commodities. They correspond to import and export values of 11.0028 million, 6.5106 million, 4.5818 million, 4.5616 million, 2.6674 million and makes up 27.69%, 16.38%, 11.53%, 11.48%, 6.71% of the total binational imports and exports. These values were also up 11.49%, down 98.88%, down 29.61%, down 2.12%, down 41.66% comparing to the same period last year.

During the current year until 202001, 56, 84, 74, 72, 85 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 4.5816 million, 2.1806 million, 2.1614 million, 0.7853 million, 0.7833 million. These values account for 34.44%, 16.39%, 16.25%, 5.90%, 5.89% of LUXEMBOURG's total exports and were down 29.62%, down 45.73%, down 44.25%, down 31.68%, down 59.24% comparing to the same period of last year.

During the current year until 202001, 84, 85, 39, 87, 73 were LUXEMBOURG's top five traded commodities importing from China , with import values of 8.8222 million, 5.7273 million, 3.9715 million, 1.2426 million, 1.2011 million. These values account for 33.37%, 21.67%, 15.02%, 4.70%, 4.54% of LUXEMBOURG's total imports and were up 50.79%, down 99.01%, down 1.28%, down 1.01%, up 314.41% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat