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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202010

 1.  Overview the trade of LUXEMBOURG in goods current year until 202010

According to Dalian Infobank, in 202010LUXEMBOURG's exports and imports of goods amounted to 3267.3955 million, and were down 1.42% comparing with the same period of last year. Among these, exports were down 2.34% at 1305.9329 million, and imports were down 0.80% at 1961.4626 million. And the corresponding trade deficit was 655.5297 million and up 2.40%.

During the current year until 202010, LUXEMBOURG's total exports and imports of goods were 28328.7000 million and were down 18.34% comparing to the same period of last year. Among these, exports were 11329.1742 million and down 20.73%; imports were 16999.5259 million and down 16.67%. The total trade deficit was 5670.3517 million and down 7.16%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202010, LUXEMBOURG's imports and exports to five countries/territories were 7489.6901 million, 7077.5445 million, 3656.1795 million, 1515.7786 million, 886.2209 million. These values correspond to 26.44%, 24.98%, 12.91%, 5.35%, 3.13% of LUXEMBOURG's imports and exports, and, respectively, were down 7.53%, down 14.21%, down 16.11%, down 20.38%, down 21.34% comparing to the same period of last year.

Current year until 202010, 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 202010, LUXEMBOURG's exports to these five countries/territories were 3033.0205 million, 1868.4751 million, 1386.2052 million, 585.7845 million, 444.7881 million. These values correspond to 26.77%, 16.49%, 12.24%, 5.17%, 3.93% of LUXEMBOURG's exports and, respectively, were down 10.10%, down 15.27%, down 11.04%, down 23.38%, down 31.83% comparing with the same period of last year.

Current year until 202010, 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 202010, LUXEMBOURG's imports from these five countries/territories were 5691.3393 million, 4456.6697 million, 1787.7044 million, 929.9941 million, 486.8300 million. These values correspond to 33.48%, 26.22%, 10.52%, 5.47%, 2.86% of LUXEMBOURG's total imports and, respectively, were down 14.94%, down 5.69%, down 16.97%, down 18.37%, down 14.32% comparing with the same period of last year.

During the current year until 202010, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, RUSSIA, FRANCE, AUSTRIA at 144.3738 million, 119.7267 million, 84.5771 million, 80.7707 million, 80.5689 million, and down 60.66%, up 12.44%, down 37.11%, up 54.66%, down 37.90%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, UNITED STATES at 4305.1341 million, 1423.6492 million, 344.2096 million, 261.4423 million, 246.2003 million, and down 16.13%, up 5.30%, down 8.14%, down 29.88%, up 29.87%.

Current year until 202010, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202010,  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 3509.6502 million, 3275.0067 million, 2248.4224 million, 2007.9045 million, 1692.7401 million, which were down 12.32%, down 10.22%, down 8.34%, down 25.12%, down 65.64% comparing with the same period of last year and account for 12.39%, 11.56%, 7.94%, 7.09%, 5.98% of LUXEMBOURG's total imports and exports.

During the current year until 202010, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 1505.8589 million, 1232.9366 million, 1118.1428 million, 1009.4147 million, 651.7308 million. These values correspond to 13.29%, 10.88%, 9.87%, 8.91%, 5.75% of LUXEMBOURG's total exports and, respectively, were down 13.49%, down 7.58%, down 26.75%, down 7.92%, down 10.67% comparing to the same period of last year.

During the current year until 202010, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 2500.2356 million, 1769.1478 million, 1194.7330 million, 1095.4449 million, 1015.4859 million. These values correspond to 14.71%, 10.41%, 7.03%, 6.44%, 5.97% of LUXEMBOURG's total exports and, respectively, were down 13.98%, down 7.23%, down 37.38%, down 58.59%, down 9.24% comparing to the same period of last year.


2. Current year until 202010, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202010, LUXEMBOURG-China binational exports and imports of goods amounted to 431.9381 million and were down 76.62% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 171.0851 million and up 0.49%, imports from China to LUXEMBOURG were 260.8530 million and down 84.45%. The total binational trade deficit was 89.7679 million and down 94.04%.

During the urrent year until 202010, commodities with hs2 code, 63, 84, 85, 74, 56, were binational trade's top five traded commodities. They correspond to import and export values of 83.5994 million, 78.5227 million, 49.8197 million, 41.5725 million, 40.0320 million and makes up 19.35%, 18.18%, 11.53%, 9.62%, 9.27% of the total binational imports and exports. These values were also up 14640.68%, down 14.54%, down 96.69%, up 9.20%, up 16.78% comparing to the same period last year.

During the current year until 202010, 56, 74, 84, 85, 73 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 39.9974 million, 37.1039 million, 34.0910 million, 12.1619 million, 10.3423 million. These values account for 23.38%, 21.69%, 19.93%, 7.11%, 6.05% of LUXEMBOURG's total exports and were up 16.75%, up 10.18%, up 1.12%, down 28.42%, up 55.50% comparing to the same period of last year.

During the current year until 202010, 63, 84, 85, 39, 87 were LUXEMBOURG's top five traded commodities importing from China , with import values of 83.3390 million, 44.4318 million, 37.6578 million, 17.0272 million, 15.1331 million. These values account for 31.95%, 17.03%, 14.44%, 6.53%, 5.80% of LUXEMBOURG's total imports and were up 15657.60%, down 23.62%, down 97.47%, down 60.36%, up 13.37% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat