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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202104

 1.  Overview the trade of LUXEMBOURG in goods current year until 202104

According to Dalian Infobank, in 202104LUXEMBOURG's exports and imports of goods amounted to 3459.6855 million, and were up 64.45% comparing with the same period of last year. Among these, exports were up 61.90% at 1399.2213 million, and imports were up 66.23% at 2060.4642 million. And the corresponding trade deficit was 661.2429 million and up 76.19%.

During the current year until 202104, LUXEMBOURG's total exports and imports of goods were 13380.1721 million and were up 24.37% comparing to the same period of last year. Among these, exports were 5382.0879 million and up 24.18%; imports were 7998.0842 million and up 24.50%. The total trade deficit was 2615.9963 million and up 25.16%.

If considering by country (region), GERMANY, BELGIUM, FRANCE, NETHERLANDS, ITALY were LUXEMBOURG's top five trading partners. During the current year until 202104, LUXEMBOURG's imports and exports to five countries/territories were 3525.9683 million, 3296.3241 million, 1782.4521 million, 809.4294 million, 433.9860 million. These values correspond to 26.35%, 24.64%, 13.32%, 6.05%, 3.24% of LUXEMBOURG's imports and exports, and, respectively, were up 23.74%, up 22.38%, up 29.14%, up 40.64%, up 34.43% comparing to the same period of last year.

Current year until 202104, 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 202104, LUXEMBOURG's exports to these five countries/territories were 1413.1657 million, 895.5682 million, 655.1408 million, 316.1751 million, 224.5324 million. These values correspond to 26.26%, 16.64%, 12.17%, 5.87%, 4.17% of LUXEMBOURG's exports and, respectively, were up 19.99%, up 27.78%, up 28.63%, up 40.50%, up 36.36% comparing with the same period of last year.

Current year until 202104, 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 202104, LUXEMBOURG's imports from these five countries/territories were 2641.1833 million, 2112.8026 million, 886.8838 million, 493.2544 million, 218.6325 million. These values correspond to 33.02%, 26.42%, 11.09%, 6.17%, 2.73% of LUXEMBOURG's total imports and, respectively, were up 20.92%, up 26.38%, up 30.54%, up 40.74%, up 47.55% comparing with the same period of last year.

During the current year until 202104, the trade surplus of LUXEMBOURG was mainly from TURKEY, UNITED KINGDOM, SWEDEN, AUSTRIA, CANADA at 56.0741 million, 43.4389 million, 41.5547 million, 40.1314 million, 38.5690 million, and up 23.80%, down 7.43%, up 49.13%, up 18.55%, down 646.78%. And the trade deficits were mainly from BELGIUM, GERMANY, NETHERLANDS, JAPAN, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF INTRA-EU TRADE at 1986.0425 million, 699.6370 million, 177.0793 million, 122.4443 million, 121.2397 million, and up 18.58%, up 41.59%, up 41.18%, down 6.39%, up 65.95%.

Current year until 202104, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202104,  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 1664.3011 million, 1545.3299 million, 1096.0352 million, 1068.7055 million, 816.4944 million, which were up 38.70%, up 23.71%, up 33.20%, up 20.04%, up 28.80% comparing with the same period of last year and account for 12.44%, 11.55%, 8.19%, 7.99%, 6.10% of LUXEMBOURG's total imports and exports.

During the current year until 202104, 84, 72, 39, 87, 73 were LUXEMBOURG's top five traded commodities, with total import and export values of 700.7943 million, 603.3530 million, 559.2088 million, 491.2789 million, 291.4930 million. These values correspond to 13.02%, 11.21%, 10.39%, 9.13%, 5.42% of LUXEMBOURG's total exports and, respectively, were up 21.63%, up 29.11%, up 12.85%, up 40.15%, up 23.56% comparing to the same period of last year.

During the current year until 202104, 87, 84, 27, 85, 39 were LUXEMBOURG's top five traded commodities, with total import values of 1173.0221 million, 844.5356 million, 645.6245 million, 529.1582 million, 509.4967 million. These values correspond to 14.67%, 10.56%, 8.07%, 6.62%, 6.37% of LUXEMBOURG's total exports and, respectively, were up 38.10%, up 25.49%, up 13.73%, up 28.46%, up 29.08% comparing to the same period of last year.


2. Current year until 202104, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202104, LUXEMBOURG-China binational exports and imports of goods amounted to 184.2129 million and were down 0.38% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 73.6014 million and up 13.32%, imports from China to LUXEMBOURG were 110.6115 million and down 7.79%. The total binational trade deficit was 37.0101 million and down 32.72%.

During the urrent year until 202104, 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 36.7144 million, 24.1834 million, 22.2842 million, 19.9162 million, 11.9813 million and makes up 19.93%, 13.13%, 12.10%, 10.81%, 6.50% of the total binational imports and exports. These values were also up 28.12%, up 161.02%, up 15.25%, up 56.81%, down 23.98% comparing to the same period last year.

During the current year until 202104, 84, 74, 56, 85, 88 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 19.0640 million, 17.8773 million, 11.6392 million, 6.8650 million, 3.8472 million. These values account for 25.90%, 24.29%, 15.81%, 9.33%, 5.23% of LUXEMBOURG's total exports and were up 65.11%, up 61.10%, down 26.12%, up 66.81%, up 366.96% comparing to the same period of last year.

During the current year until 202104, 39, 84, 85, 38, 30 were LUXEMBOURG's top five traded commodities importing from China , with import values of 21.1937 million, 17.6503 million, 15.4192 million, 9.5724 million, 7.7619 million. These values account for 19.16%, 15.96%, 13.94%, 8.65%, 7.02% of LUXEMBOURG's total imports and were up 205.50%, up 3.16%, up 1.31%, up 2116.40%, up 53158.55% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat