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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202007

 1.  Overview the trade of LUXEMBOURG in goods current year until 202007

According to Dalian Infobank, in 202007LUXEMBOURG's exports and imports of goods amounted to 3005.0771 million, and were down 5.06% comparing with the same period of last year. Among these, exports were down 6.49% at 1199.7829 million, and imports were down 4.08% at 1805.2941 million. And the corresponding trade deficit was 605.5112 million and up 1.09%.

During the current year until 202007, LUXEMBOURG's total exports and imports of goods were 19030.6831 million and were down 25.36% comparing to the same period of last year. Among these, exports were 7673.3264 million and down 27.86%; imports were 11357.3567 million and down 23.57%. The total trade deficit was 3684.0303 million and down 12.80%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202007, LUXEMBOURG's imports and exports to five countries/territories were 5047.3578 million, 4733.4913 million, 2507.2921 million, 1028.3814 million, 599.0390 million. These values correspond to 26.52%, 24.87%, 13.17%, 5.40%, 3.15% of LUXEMBOURG's imports and exports, and, respectively, were down 13.15%, down 18.92%, down 19.73%, down 25.91%, down 29.90% comparing to the same period of last year.

Current year until 202007, 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 202007, LUXEMBOURG's exports to these five countries/territories were 2072.0939 million, 1283.6935 million, 923.2212 million, 390.5432 million, 300.0640 million. These values correspond to 27.00%, 16.73%, 12.03%, 5.09%, 3.91% of LUXEMBOURG's exports and, respectively, were down 14.94%, down 20.82%, down 16.32%, down 31.69%, down 41.59% comparing with the same period of last year.

Current year until 202007, 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 202007, LUXEMBOURG's imports from these five countries/territories were 3810.2701 million, 2975.2639 million, 1223.5986 million, 637.8382 million, 336.8658 million. These values correspond to 33.55%, 26.20%, 10.77%, 5.62%, 2.97% of LUXEMBOURG's total imports and, respectively, were down 19.53%, down 11.86%, down 18.55%, down 21.85%, down 21.22% comparing with the same period of last year.

During the current year until 202007, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, RUSSIA, FRANCE, SPAIN at 87.2635 million, 77.3260 million, 60.7393 million, 60.0949 million, 58.2306 million, and down 74.23%, up 10.97%, down 31.91%, down 49.44%, down 50.36%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, UNITED STATES at 2887.0489 million, 903.1700 million, 247.2949 million, 185.9122 million, 159.6208 million, and down 20.51%, down 3.88%, up 1.15%, down 24.83%, up 17.77%.

Current year until 202007, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 87, 84, 39, 72, 85, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 2270.3383 million, 2228.7134 million, 1555.8190 million, 1387.7515 million, 1113.7459 million, which were down 20.80%, down 12.18%, down 11.64%, down 28.75%, down 74.36% comparing with the same period of last year and account for 11.93%, 11.71%, 8.18%, 7.29%, 5.85% of LUXEMBOURG's total imports and exports.

During the current year until 202007, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 1032.1059 million, 857.5084 million, 780.4176 million, 658.0448 million, 447.7159 million. These values correspond to 13.45%, 11.18%, 10.17%, 8.58%, 5.83% of LUXEMBOURG's total exports and, respectively, were down 16.02%, down 10.51%, down 28.86%, down 15.42%, down 14.48% comparing to the same period of last year.

During the current year until 202007, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 1612.2935 million, 1196.6075 million, 888.9087 million, 728.1724 million, 698.3106 million. These values correspond to 14.20%, 10.54%, 7.83%, 6.41%, 6.15% of LUXEMBOURG's total exports and, respectively, were down 22.80%, down 8.57%, down 35.07%, down 67.92%, down 12.99% comparing to the same period of last year.


2. Current year until 202007, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202007, LUXEMBOURG-China binational exports and imports of goods amounted to 336.9609 million and were down 80.47% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 120.4890 million and down 1.28%, imports from China to LUXEMBOURG were 216.4719 million and down 86.50%. The total binational trade deficit was 95.9829 million and down 93.52%.

During the urrent year until 202007, 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 82.7256 million, 58.1472 million, 34.3864 million, 28.4298 million, 25.3299 million and makes up 24.55%, 17.26%, 10.20%, 8.44%, 7.52% of the total binational imports and exports. These values were also up 21799.54%, down 10.25%, down 97.67%, up 17.97%, down 3.43% comparing to the same period last year.

During the current year until 202007, 56, 84, 74, 73, 85 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 28.4039 million, 25.2628 million, 22.0580 million, 9.3903 million, 7.8084 million. These values account for 23.57%, 20.97%, 18.31%, 7.79%, 6.48% of LUXEMBOURG's total exports and were up 17.92%, up 4.34%, down 4.17%, up 95.73%, down 39.21% comparing to the same period of last year.

During the current year until 202007, 63, 84, 85, 39, 87 were LUXEMBOURG's top five traded commodities importing from China , with import values of 82.4660 million, 32.8843 million, 26.5780 million, 15.8112 million, 10.1600 million. These values account for 38.10%, 15.19%, 12.28%, 7.30%, 4.69% of LUXEMBOURG's total imports and were up 23575.49%, down 18.95%, down 98.19%, down 52.40%, up 21.97% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat