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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202006

 1.  Overview the trade of LUXEMBOURG in goods current year until 202006

According to Dalian Infobank, in 202006LUXEMBOURG's exports and imports of goods amounted to 2832.4705 million, and were down 8.77% comparing with the same period of last year. Among these, exports were down 9.79% at 1142.9593 million, and imports were down 8.07% at 1689.5112 million. And the corresponding trade deficit was 546.5518 million and down 4.26%.

During the current year until 202006, LUXEMBOURG's total exports and imports of goods were 16025.6061 million and were down 28.24% comparing to the same period of last year. Among these, exports were 6473.5435 million and down 30.79%; imports were 9552.0626 million and down 26.40%. The total trade deficit was 3078.5191 million and down 15.09%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202006, LUXEMBOURG's imports and exports to five countries/territories were 4248.5347 million, 3944.6401 million, 2102.5682 million, 874.4074 million, 500.2509 million. These values correspond to 26.51%, 24.61%, 13.12%, 5.46%, 3.12% of LUXEMBOURG's imports and exports, and, respectively, were down 14.80%, down 21.67%, down 21.62%, down 28.01%, down 33.26% comparing to the same period of last year.

Current year until 202006, 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 202006, LUXEMBOURG's exports to these five countries/territories were 1741.0562 million, 1073.5851 million, 774.7725 million, 336.6538 million, 253.2618 million. These values correspond to 26.89%, 16.58%, 11.97%, 5.20%, 3.91% of LUXEMBOURG's exports and, respectively, were down 16.81%, down 23.32%, down 18.97%, down 33.55%, down 44.93% comparing with the same period of last year.

Current year until 202006, LUXEMBOURG's exports to top five countries/territories BELGIUM, GERMANY, FRANCE, NETHERLANDS, UNITED STATES are the top five countries/territories that LUXEMBOURG imports from in terms of the total export amount. During the current year until 202006, LUXEMBOURG's imports from these five countries/territories were 3169.8676 million, 2507.4785 million, 1028.9831 million, 537.7536 million, 288.9652 million. These values correspond to 33.19%, 26.25%, 10.77%, 5.63%, 3.03% of LUXEMBOURG's total imports and, respectively, were down 22.30%, down 13.34%, down 19.76%, down 24.05%, down 23.88% comparing with the same period of last year.

During the current year until 202006, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, RUSSIA, SPAIN, FRANCE at 69.3913 million, 62.2311 million, 53.0417 million, 48.8680 million, 44.6020 million, and down 78.34%, up 6.04%, down 32.37%, down 55.67%, down 62.14%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, UNITED STATES at 2395.0951 million, 766.4223 million, 201.0998 million, 164.1076 million, 137.2169 million, and down 23.32%, down 4.28%, down 0.13%, down 22.81%, up 15.70%.

Current year until 202006, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 1886.5887 million, 1873.0900 million, 1308.6256 million, 1181.8813 million, 939.4867 million, which were down 13.56%, down 24.86%, down 12.61%, down 29.91%, down 77.26% comparing with the same period of last year and account for 11.77%, 11.69%, 8.17%, 7.37%, 5.86% of LUXEMBOURG's total imports and exports.

During the current year until 202006, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 872.2492 million, 725.3204 million, 674.0336 million, 533.9749 million, 373.7569 million. These values correspond to 13.47%, 11.20%, 10.41%, 8.25%, 5.77% of LUXEMBOURG's total exports and, respectively, were down 17.65%, down 10.64%, down 29.25%, down 20.67%, down 17.28% comparing to the same period of last year.

During the current year until 202006, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 1339.1151 million, 1014.3395 million, 763.8489 million, 615.1521 million, 583.3052 million. These values correspond to 14.02%, 10.62%, 8.00%, 6.44%, 6.11% of LUXEMBOURG's total exports and, respectively, were down 26.42%, down 9.70%, down 35.93%, down 71.37%, down 14.94% comparing to the same period of last year.


2. Current year until 202006, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202006, LUXEMBOURG-China binational exports and imports of goods amounted to 287.2335 million and were down 82.86% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 100.4531 million and down 1.84%, imports from China to LUXEMBOURG were 186.7804 million and down 88.13%. The total binational trade deficit was 86.3273 million and down 94.13%.

During the urrent year until 202006, 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 81.9282 million, 47.9137 million, 28.2517 million, 23.9564 million, 20.1182 million and makes up 28.52%, 16.68%, 9.84%, 8.34%, 7.00% of the total binational imports and exports. These values were also up 24989.68%, down 12.46%, down 98.07%, up 12.15%, down 11.02% comparing to the same period last year.

During the current year until 202006, 56, 84, 74, 73, 85 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 23.9326 million, 21.2772 million, 17.4145 million, 8.8468 million, 6.3630 million. These values account for 23.82%, 21.18%, 17.34%, 8.81%, 6.33% of LUXEMBOURG's total exports and were up 12.09%, up 6.44%, down 11.66%, up 110.38%, down 34.98% comparing to the same period of last year.

During the current year until 202006, 63, 84, 85, 90, 39 were LUXEMBOURG's top five traded commodities importing from China , with import values of 81.6687 million, 26.6365 million, 21.8887 million, 8.7254 million, 8.2384 million. These values account for 43.72%, 14.26%, 11.72%, 4.67%, 4.41% of LUXEMBOURG's total imports and were up 27387.78%, down 23.34%, down 98.50%, up 310.69%, down 71.20% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat