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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202002

 1.  Overview the trade of LUXEMBOURG in goods current year until 202002

According to Dalian Infobank, in 202002LUXEMBOURG's exports and imports of goods amounted to 2875.5888 million, and were down 25.77% comparing with the same period of last year. Among these, exports were down 29.54% at 1151.7492 million, and imports were down 23.02% at 1723.8396 million. And the corresponding trade deficit was 572.0905 million and down 5.38%.

During the current year until 202002, LUXEMBOURG's total exports and imports of goods were 5836.0144 million and were down 28.89% comparing to the same period of last year. Among these, exports were 2336.2314 million and down 33.98%; imports were 3499.7831 million and down 25.04%. The total trade deficit was 1163.5517 million and up 2.98%.

If considering by country (region), BELGIUM, GERMANY, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202002, LUXEMBOURG's imports and exports to five countries/territories were 1525.1128 million, 1501.6357 million, 782.7150 million, 314.0577 million, 181.0337 million. These values correspond to 26.13%, 25.73%, 13.41%, 5.38%, 3.10% of LUXEMBOURG's imports and exports, and, respectively, were down 5.42%, down 6.22%, down 14.10%, down 25.69%, down 39.29% comparing to the same period of last year.

Current year until 202002, 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 202002, LUXEMBOURG's exports to these five countries/territories were 613.2816 million, 402.4209 million, 289.3319 million, 121.6563 million, 95.9576 million. These values correspond to 26.25%, 17.23%, 12.38%, 5.21%, 4.11% of LUXEMBOURG's exports and, respectively, were down 11.43%, down 18.41%, down 5.48%, down 33.96%, down 53.65% comparing with the same period of last year.

Current year until 202002, 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 202002, LUXEMBOURG's imports from these five countries/territories were 1235.7809 million, 888.3541 million, 380.2941 million, 192.4014 million, 90.7393 million. These values correspond to 35.31%, 25.38%, 10.87%, 5.50%, 2.59% of LUXEMBOURG's total imports and, respectively, were down 5.40%, down 2.24%, down 9.01%, down 19.31%, up 4.89% comparing with the same period of last year.

During the current year until 202002, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, FRANCE, SWEDEN, RUSSIA at 30.2800 million, 23.1013 million, 22.1269 million, 19.9564 million, 16.9406 million, and down 82.27%, up 29.14%, down 70.59%, down 89.45%, up 0.20%. 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 946.4489 million, 275.0725 million, 79.8369 million, 70.7450 million, 49.4711 million, and down 5.38%, up 27.17%, up 8.57%, up 30.46%, down 30.21%.

Current year until 202002, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202002,  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 774.9626 million, 629.7004 million, 480.2018 million, 455.1669 million, 373.1822 million, which were up 2.17%, down 7.33%, down 15.73%, down 7.29%, down 10.27% comparing with the same period of last year and account for 13.28%, 10.79%, 8.23%, 7.80%, 6.39% of LUXEMBOURG's total imports and exports.

During the current year until 202002, 84, 72, 39, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 286.2778 million, 272.8359 million, 258.0099 million, 229.1122 million, 123.8614 million. These values correspond to 12.25%, 11.68%, 11.04%, 9.81%, 5.30% of LUXEMBOURG's total exports and, respectively, were down 8.43%, down 16.69%, down 2.53%, up 5.60%, down 11.13% comparing to the same period of last year.

During the current year until 202002, 87, 27, 84, 85, 72 were LUXEMBOURG's top five traded commodities, with total import values of 545.8503 million, 371.2307 million, 343.4226 million, 222.5737 million, 207.3659 million. These values correspond to 15.60%, 10.61%, 9.81%, 6.36%, 5.93% of LUXEMBOURG's total exports and, respectively, were up 0.80%, down 10.12%, down 6.38%, down 81.00%, down 14.43% comparing to the same period of last year.


2. Current year until 202002, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202002, LUXEMBOURG-China binational exports and imports of goods amounted to 68.3916 million and were down 93.24% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 30.1263 million and down 18.42%, imports from China to LUXEMBOURG were 38.2653 million and down 96.07%. The total binational trade deficit was 8.1390 million and down 99.13%.

During the urrent year until 202002, 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 15.4738 million, 9.6465 million, 9.1352 million, 7.0792 million, 5.5118 million and makes up 22.63%, 14.10%, 13.36%, 10.35%, 8.06% of the total binational imports and exports. These values were also down 22.96%, down 98.97%, down 14.31%, down 42.70%, down 34.46% comparing to the same period last year.

During the current year until 202002, 56, 74, 84, 72, 73 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 9.1347 million, 4.6688 million, 4.2757 million, 2.9006 million, 2.1920 million. These values account for 30.32%, 15.50%, 14.19%, 9.63%, 7.28% of LUXEMBOURG's total exports and were down 14.31%, down 34.91%, down 38.17%, up 70.84%, up 21.31% comparing to the same period of last year.

During the current year until 202002, 84, 85, 39, 87, 73 were LUXEMBOURG's top five traded commodities importing from China , with import values of 11.1981 million, 7.7806 million, 5.8375 million, 2.6521 million, 1.5113 million. These values account for 29.26%, 20.33%, 15.26%, 6.93%, 3.95% of LUXEMBOURG's total imports and were down 14.98%, down 99.17%, down 47.36%, up 29.18%, up 166.87% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat