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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202004

 1.  Overview the trade of LUXEMBOURG in goods current year until 202004

According to Dalian Infobank, in 202004LUXEMBOURG's exports and imports of goods amounted to 2112.8640 million, and were down 45.09% comparing with the same period of last year. Among these, exports were down 47.38% at 865.0228 million, and imports were down 43.38% at 1247.8412 million. And the corresponding trade deficit was 382.8184 million and down 31.62%.

During the current year until 202004, LUXEMBOURG's total exports and imports of goods were 10749.9583 million and were down 32.58% comparing to the same period of last year. Among these, exports were 4332.3807 million and down 36.15%; imports were 6417.5776 million and down 29.93%. The total trade deficit was 2085.1970 million and down 12.16%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202004, LUXEMBOURG's imports and exports to five countries/territories were 2847.7514 million, 2681.1251 million, 1386.4381 million, 584.1254 million, 321.8471 million. These values correspond to 26.49%, 24.94%, 12.90%, 5.43%, 2.99% of LUXEMBOURG's imports and exports, and, respectively, were down 15.60%, down 20.25%, down 24.48%, down 29.30%, down 40.29% comparing to the same period of last year.

Current year until 202004, 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 202004, LUXEMBOURG's exports to these five countries/territories were 1177.6118 million, 699.7493 million, 514.2221 million, 223.9178 million, 164.3820 million. These values correspond to 27.18%, 16.15%, 11.87%, 5.17%, 3.79% of LUXEMBOURG's exports and, respectively, were down 18.75%, down 28.34%, down 18.84%, down 37.21%, down 53.37% comparing with the same period of last year.

Current year until 202004, LUXEMBOURG's exports to top five countries/territories BELGIUM, GERMANY, FRANCE, NETHERLANDS, ITALY are the top five countries/territories that LUXEMBOURG imports from in terms of the total export amount. During the current year until 202004, LUXEMBOURG's imports from these five countries/territories were 2166.9030 million, 1670.1396 million, 686.6888 million, 360.2076 million, 157.4651 million. These values correspond to 33.77%, 26.02%, 10.70%, 5.61%, 2.45% of LUXEMBOURG's total imports and, respectively, were down 20.58%, down 13.22%, down 20.11%, down 23.29%, down 15.59% comparing with the same period of last year.

During the current year until 202004, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, RUSSIA, SPAIN, AUSTRIA at 48.1732 million, 45.2935 million, 36.5670 million, 34.3293 million, 34.0758 million, and down 83.37%, up 14.39%, down 29.56%, down 60.88%, down 46.23%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF INTRA-EU TRADE at 1652.6809 million, 492.5279 million, 136.2898 million, 130.7974 million, 73.0851 million, and down 21.10%, up 3.64%, up 20.69%, down 5.96%, down 33.67%.

Current year until 202004, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202004,  commodities with hs2 codes, 84, 87, 39, 72, 85, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 1254.4421 million, 1202.2920 million, 886.5691 million, 821.5414 million, 625.6654 million, which were down 12.94%, down 27.05%, down 10.91%, down 28.62%, down 83.33% comparing with the same period of last year and account for 11.67%, 11.18%, 8.25%, 7.64%, 5.82% of LUXEMBOURG's total imports and exports.

During the current year until 202004, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 580.6472 million, 495.7175 million, 467.2838 million, 348.6460 million, 237.0262 million. These values correspond to 13.40%, 11.44%, 10.79%, 8.05%, 5.47% of LUXEMBOURG's total exports and, respectively, were down 16.28%, down 7.75%, down 28.42%, down 22.05%, down 22.27% comparing to the same period of last year.

During the current year until 202004, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 853.6460 million, 673.7948 million, 591.5467 million, 411.4886 million, 390.8516 million. These values correspond to 13.30%, 10.50%, 9.22%, 6.41%, 6.09% of LUXEMBOURG's total exports and, respectively, were down 28.91%, down 9.85%, down 25.62%, down 78.42%, down 14.61% comparing to the same period of last year.


2. Current year until 202004, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202004, LUXEMBOURG-China binational exports and imports of goods amounted to 184.9087 million and were down 88.32% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 64.9494 million and down 8.03%, imports from China to LUXEMBOURG were 119.9593 million and down 92.07%. The total binational trade deficit was 55.0098 million and down 96.18%.

During the urrent year until 202004, commodities with hs2 code, 63, 84, 85, 56, 74, were binational trade's top five traded commodities. They correspond to import and export values of 52.2197 million, 28.6568 million, 19.3350 million, 15.7609 million, 12.7012 million and makes up 28.24%, 15.50%, 10.46%, 8.52%, 6.87% of the total binational imports and exports. These values were also up 26087.45%, down 18.72%, down 98.66%, down 4.41%, down 16.73% comparing to the same period last year.

During the current year until 202004, 56, 84, 74, 73, 72 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 15.7551 million, 11.5465 million, 11.0972 million, 7.2902 million, 4.6853 million. These values account for 24.26%, 17.78%, 17.09%, 11.22%, 7.21% of LUXEMBOURG's total exports and were down 4.42%, down 17.26%, down 15.69%, up 142.66%, up 49.52% comparing to the same period of last year.

During the current year until 202004, 63, 84, 85, 39, 90 were LUXEMBOURG's top five traded commodities importing from China , with import values of 52.0100 million, 17.1103 million, 15.2194 million, 6.9373 million, 4.9129 million. These values account for 43.36%, 14.26%, 12.69%, 5.78%, 4.10% of LUXEMBOURG's total imports and were up 27031.29%, down 19.68%, down 98.94%, down 63.01%, up 202.59% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat