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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202011

 1.  Overview the trade of LUXEMBOURG in goods current year until 202011

According to Dalian Infobank, in 202011LUXEMBOURG's exports and imports of goods amounted to 3178.7846 million, and were up 2.70% comparing with the same period of last year. Among these, exports were up 10.80% at 1272.5303 million, and imports were down 2.07% at 1906.2543 million. And the corresponding trade deficit was 633.7239 million and down 20.60%.

During the current year until 202011, LUXEMBOURG's total exports and imports of goods were 31507.4846 million and were down 16.62% comparing to the same period of last year. Among these, exports were 12601.7045 million and down 18.38%; imports were 18905.7801 million and down 15.40%. The total trade deficit was 6304.0756 million and down 8.71%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202011, LUXEMBOURG's imports and exports to five countries/territories were 8331.0340 million, 7847.7393 million, 4049.7941 million, 1692.2210 million, 990.0658 million. These values correspond to 26.44%, 24.91%, 12.85%, 5.37%, 3.14% of LUXEMBOURG's imports and exports, and, respectively, were down 5.98%, down 13.41%, down 15.05%, down 18.14%, down 19.00% comparing to the same period of last year.

Current year until 202011, 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 202011, LUXEMBOURG's exports to these five countries/territories were 3376.4390 million, 2067.3719 million, 1543.8739 million, 659.4789 million, 497.8151 million. These values correspond to 26.79%, 16.41%, 12.25%, 5.23%, 3.95% of LUXEMBOURG's exports and, respectively, were down 7.90%, down 13.69%, down 9.39%, down 20.46%, down 29.33% comparing with the same period of last year.

Current year until 202011, 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 202011, LUXEMBOURG's imports from these five countries/territories were 6303.8654 million, 4954.5951 million, 1982.4222 million, 1032.7420 million, 533.1444 million. These values correspond to 33.34%, 26.21%, 10.49%, 5.46%, 2.82% of LUXEMBOURG's total imports and, respectively, were down 14.34%, down 4.62%, down 16.42%, down 16.60%, down 13.81% comparing with the same period of last year.

During the current year until 202011, the trade surplus of LUXEMBOURG was mainly from UNITED KINGDOM, TURKEY, RUSSIA, AUSTRIA, FRANCE at 161.2887 million, 133.7989 million, 93.5225 million, 92.9128 million, 84.9497 million, and down 57.86%, up 15.06%, down 34.60%, down 30.89%, up 263.83%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, UNITED STATES at 4759.9915 million, 1578.1561 million, 373.2631 million, 282.7032 million, 253.4071 million, and down 15.83%, up 3.27%, down 8.77%, down 32.05%, up 23.90%.

Current year until 202011, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202011,  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 3924.8982 million, 3631.0003 million, 2486.2684 million, 2214.2006 million, 1906.3562 million, which were down 10.79%, down 10.01%, down 6.83%, down 23.83%, down 62.74% comparing with the same period of last year and account for 12.46%, 11.52%, 7.89%, 7.03%, 6.05% of LUXEMBOURG's total imports and exports.

During the current year until 202011, 84, 39, 72, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 1672.7039 million, 1365.1905 million, 1232.7909 million, 1138.2380 million, 718.4584 million. These values correspond to 13.27%, 10.83%, 9.78%, 9.03%, 5.70% of LUXEMBOURG's total exports and, respectively, were down 12.23%, down 5.77%, down 25.99%, down 5.76%, down 9.45% comparing to the same period of last year.

During the current year until 202011, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 2786.6601 million, 1958.2963 million, 1322.1144 million, 1235.4165 million, 1121.0779 million. These values correspond to 14.74%, 10.36%, 6.99%, 6.53%, 5.93% of LUXEMBOURG's total exports and, respectively, were down 12.69%, down 8.03%, down 36.97%, down 55.46%, down 8.09% comparing to the same period of last year.


2. Current year until 202011, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202011, LUXEMBOURG-China binational exports and imports of goods amounted to 469.1447 million and were down 75.09% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 189.8990 million and up 0.96%, imports from China to LUXEMBOURG were 279.2457 million and down 83.53%. The total binational trade deficit was 89.3467 million and down 94.07%.

During the urrent year until 202011, commodities with hs2 code, 84, 63, 85, 74, 56, were binational trade's top five traded commodities. They correspond to import and export values of 85.1075 million, 83.9502 million, 55.6754 million, 46.4492 million, 43.0627 million and makes up 18.14%, 17.89%, 11.87%, 9.90%, 9.18% of the total binational imports and exports. These values were also down 16.79%, up 14613.62%, down 96.31%, up 10.82%, up 13.36% comparing to the same period last year.

During the current year until 202011, 56, 74, 84, 85, 73 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 43.0256 million, 41.7809 million, 37.5926 million, 13.6772 million, 12.3038 million. These values account for 22.66%, 22.00%, 19.80%, 7.20%, 6.48% of LUXEMBOURG's total exports and were up 13.33%, up 12.66%, up 1.45%, down 24.92%, up 36.47% comparing to the same period of last year.

During the current year until 202011, 63, 84, 85, 39, 87 were LUXEMBOURG's top five traded commodities importing from China , with import values of 83.6896 million, 47.5149 million, 41.9982 million, 18.9045 million, 17.2427 million. These values account for 29.97%, 17.02%, 15.04%, 6.77%, 6.17% of LUXEMBOURG's total imports and were up 15622.02%, down 27.15%, down 97.19%, down 58.05%, up 23.29% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat