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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202103

 1.  Overview the trade of LUXEMBOURG in goods current year until 202103

According to Dalian Infobank, in 202103LUXEMBOURG's exports and imports of goods amounted to 3681.4911 million, and were up 31.22% comparing with the same period of last year. Among these, exports were up 31.26% at 1487.1754 million, and imports were up 31.18% at 2194.3157 million. And the corresponding trade deficit was 707.1403 million and up 31.02%.

During the current year until 202103, LUXEMBOURG's total exports and imports of goods were 9875.5095 million and were up 14.11% comparing to the same period of last year. Among these, exports were 3972.1982 million and up 14.48%; imports were 5903.3114 million and up 13.86%. The total trade deficit was 1931.1132 million and up 12.61%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202103, LUXEMBOURG's imports and exports to five countries/territories were 2599.4424 million, 2440.0992 million, 1342.6429 million, 596.0045 million, 323.1968 million. These values correspond to 26.32%, 24.71%, 13.60%, 6.04%, 3.27% of LUXEMBOURG's imports and exports, and, respectively, were up 14.25%, up 8.95%, up 18.88%, up 28.11%, up 21.96% comparing to the same period of last year.

Current year until 202103, 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 202103, LUXEMBOURG's exports to these five countries/territories were 1042.9691 million, 668.5823 million, 487.3337 million, 230.2032 million, 166.4679 million. These values correspond to 26.26%, 16.83%, 12.27%, 5.80%, 4.19% of LUXEMBOURG's exports and, respectively, were up 11.98%, up 16.32%, up 17.88%, up 24.47%, up 21.34% comparing with the same period of last year.

Current year until 202103, LUXEMBOURG's exports to top five countries/territories BELGIUM, GERMANY, FRANCE, NETHERLANDS, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF INTRA-EU TRADE are the top five countries/territories that LUXEMBOURG imports from in terms of the total export amount. During the current year until 202103, LUXEMBOURG's imports from these five countries/territories were 1952.7655 million, 1556.4733 million, 674.0606 million, 365.8013 million, 166.5335 million. These values correspond to 33.08%, 26.37%, 11.42%, 6.20%, 2.82% of LUXEMBOURG's total imports and, respectively, were up 6.93%, up 15.83%, up 21.54%, up 30.51%, up 36.18% comparing with the same period of last year.

During the current year until 202103, the trade surplus of LUXEMBOURG was mainly from TURKEY, SWEDEN, SPAIN, COUNTRIES AND TERRITORIES NOT SPECIFIED WITHIN THE FRAMEWORK OF INTRA-EU TRADE, CANADA at 42.9371 million, 31.7185 million, 29.6224 million, 28.5128 million, 26.3111 million, and up 19.56%, up 29.19%, up 16.55%, up 149.42%, down 330.68%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF INTRA-EU TRADE, JAPAN at 1465.4318 million, 513.5042 million, 135.5981 million, 101.6297 million, 90.1420 million, and up 3.72%, up 24.55%, up 42.22%, up 55.93%, down 18.71%.

Current year until 202103, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202103,  commodities with hs2 codes, 87, 84, 72, 39, 85, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 1231.7499 million, 1152.4783 million, 822.8948 million, 774.9641 million, 618.4649 million, which were up 14.83%, up 17.96%, up 20.38%, up 10.57%, up 22.32% comparing with the same period of last year and account for 12.47%, 11.67%, 8.33%, 7.85%, 6.26% of LUXEMBOURG's total imports and exports.

During the current year until 202103, 84, 72, 39, 87, 85 were LUXEMBOURG's top five traded commodities, with total import and export values of 534.5944 million, 434.3100 million, 405.3612 million, 361.2438 million, 217.1179 million. These values correspond to 13.46%, 10.93%, 10.20%, 9.09%, 5.47% of LUXEMBOURG's total exports and, respectively, were up 20.88%, up 11.91%, up 3.82%, up 15.98%, up 22.45% comparing to the same period of last year.

During the current year until 202103, 87, 84, 27, 85, 72 were LUXEMBOURG's top five traded commodities, with total import values of 870.5061 million, 617.8839 million, 488.6164 million, 401.3470 million, 388.5849 million. These values correspond to 14.75%, 10.47%, 8.28%, 6.80%, 6.58% of LUXEMBOURG's total exports and, respectively, were up 14.36%, up 15.55%, down 0.90%, up 22.25%, up 31.50% comparing to the same period of last year.


2. Current year until 202103, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202103, LUXEMBOURG-China binational exports and imports of goods amounted to 133.8369 million and were up 21.76% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 55.8192 million and up 11.44%, imports from China to LUXEMBOURG were 78.0177 million and up 30.39%. The total binational trade deficit was 22.1984 million and up 127.85%.

During the urrent year until 202103, commodities with hs2 code, 84, 39, 85, 74, 56, were binational trade's top five traded commodities. They correspond to import and export values of 28.7511 million, 20.2311 million, 16.2197 million, 15.5148 million, 9.4368 million and makes up 21.48%, 15.12%, 12.12%, 11.59%, 7.05% of the total binational imports and exports. These values were also up 29.11%, up 144.51%, up 8.95%, up 64.05%, down 22.63% comparing to the same period last year.

During the current year until 202103, 84, 74, 56, 85, 39 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 15.0018 million, 14.2142 million, 9.1599 million, 5.1088 million, 2.1397 million. These values account for 26.88%, 25.46%, 16.41%, 9.15%, 3.83% of LUXEMBOURG's total exports and were up 80.36%, up 70.30%, down 24.89%, up 73.24%, up 24.29% comparing to the same period of last year.

During the current year until 202103, 39, 84, 85, 63, 38 were LUXEMBOURG's top five traded commodities importing from China , with import values of 18.0914 million, 13.7493 million, 11.1109 million, 5.1563 million, 4.6284 million. These values account for 23.19%, 17.62%, 14.24%, 6.61%, 5.93% of LUXEMBOURG's total imports and were up 176.10%, down 1.45%, down 6.93%, down 32.99%, up 3219.97% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat