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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202003

 1.  Overview the trade of LUXEMBOURG in goods current year until 202003

According to Dalian Infobank, in 202003LUXEMBOURG's exports and imports of goods amounted to 2801.0799 million, and were down 27.97% comparing with the same period of last year. Among these, exports were down 29.41% at 1131.1265 million, and imports were down 26.96% at 1669.9534 million. And the corresponding trade deficit was 538.8269 million and down 21.24%.

During the current year until 202003, LUXEMBOURG's total exports and imports of goods were 8637.0944 million and were down 28.60% comparing to the same period of last year. Among these, exports were 3467.3579 million and down 32.56%; imports were 5169.7365 million and down 25.67%. The total trade deficit was 1702.3786 million and down 6.16%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202003, LUXEMBOURG's imports and exports to five countries/territories were 2265.4679 million, 2228.1952 million, 1133.5741 million, 471.5251 million, 264.2195 million. These values correspond to 26.23%, 25.80%, 13.12%, 5.46%, 3.06% of LUXEMBOURG's imports and exports, and, respectively, were down 8.23%, down 10.57%, down 17.27%, down 22.86%, down 36.31% comparing to the same period of last year.

Current year until 202003, 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 202003, LUXEMBOURG's exports to these five countries/territories were 929.9396 million, 572.3003 million, 418.0748 million, 183.6433 million, 137.0434 million. These values correspond to 26.82%, 16.51%, 12.06%, 5.30%, 3.95% of LUXEMBOURG's exports and, respectively, were down 11.26%, down 21.06%, down 10.89%, down 31.42%, down 49.47% comparing with the same period of last year.

Current year until 202003, 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 202003, LUXEMBOURG's imports from these five countries/territories were 1810.1203 million, 1335.5283 million, 561.2738 million, 287.8818 million, 129.6481 million. These values correspond to 35.01%, 25.83%, 10.86%, 5.57%, 2.51% of LUXEMBOURG's total imports and, respectively, were down 10.50%, down 5.99%, down 13.03%, down 16.18%, up 1.69% comparing with the same period of last year.

During the current year until 202003, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, SPAIN, AUSTRIA, RUSSIA at 44.7969 million, 35.9136 million, 26.8928 million, 26.5639 million, 25.6014 million, and down 83.39%, up 22.49%, down 62.73%, down 48.95%, down 24.47%. 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 1392.0455 million, 405.5886 million, 110.8948 million, 104.2384 million, 65.1980 million, and down 10.38%, up 8.83%, up 6.78%, up 37.76%, down 31.39%.

Current year until 202003, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202003,  commodities with hs2 codes, 87, 84, 39, 72, 27, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 1076.2574 million, 978.4566 million, 695.9010 million, 682.1671 million, 511.8856 million, which were down 10.77%, down 8.28%, down 6.85%, down 21.39%, down 16.95% comparing with the same period of last year and account for 12.46%, 11.33%, 8.06%, 7.90%, 5.93% of LUXEMBOURG's total imports and exports.

During the current year until 202003, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 443.0391 million, 390.4378 million, 388.0474 million, 312.1078 million, 190.3262 million. These values correspond to 12.78%, 11.26%, 11.19%, 9.00%, 5.49% of LUXEMBOURG's total exports and, respectively, were down 11.56%, down 2.28%, down 21.62%, down 5.96%, down 15.68% comparing to the same period of last year.

During the current year until 202003, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 764.1496 million, 535.4175 million, 508.9787 million, 326.7025 million, 305.4633 million. These values correspond to 14.78%, 10.36%, 9.85%, 6.32%, 5.91% of LUXEMBOURG's total exports and, respectively, were down 12.60%, down 5.37%, down 16.88%, down 79.03%, down 12.09% comparing to the same period of last year.


2. Current year until 202003, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202003, LUXEMBOURG-China binational exports and imports of goods amounted to 109.9230 million and were down 91.61% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 50.0901 million and down 7.34%, imports from China to LUXEMBOURG were 59.8329 million and down 95.24%. The total binational trade deficit was 9.7428 million and down 99.19%.

During the urrent year until 202003, commodities with hs2 code, 84, 85, 56, 74, 39, were binational trade's top five traded commodities. They correspond to import and export values of 22.2694 million, 14.8876 million, 12.1976 million, 9.4572 million, 8.2741 million and makes up 20.26%, 13.54%, 11.10%, 8.60%, 7.53% of the total binational imports and exports. These values were also down 18.56%, down 98.76%, down 11.04%, down 19.57%, down 54.79% comparing to the same period last year.

During the current year until 202003, 56, 74, 84, 73, 72 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 12.1946 million, 8.3465 million, 8.3177 million, 6.2163 million, 3.3358 million. These values account for 24.35%, 16.66%, 16.61%, 12.41%, 6.66% of LUXEMBOURG's total exports and were down 11.05%, down 18.67%, down 20.18%, up 190.75%, up 43.42% comparing to the same period of last year.

During the current year until 202003, 84, 85, 63, 39, 87 were LUXEMBOURG's top five traded commodities importing from China , with import values of 13.9517 million, 11.9387 million, 7.6948 million, 6.5525 million, 3.5720 million. These values account for 23.32%, 19.95%, 12.86%, 10.95%, 5.97% of LUXEMBOURG's total imports and were down 17.57%, down 99.00%, up 5057.70%, down 59.51%, up 18.07% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat