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Monitor Report of LUXEMBOURG trade and LUXEMBOURG-China binational trade in 202107

 1.  Overview the trade of LUXEMBOURG in goods current year until 202107

According to Dalian Infobank, in 202107LUXEMBOURG's exports and imports of goods amounted to 3269.7787 million, and were up 5.37% comparing with the same period of last year. Among these, exports were up 7.71% at 1302.8479 million, and imports were up 3.88% at 1966.9308 million. And the corresponding trade deficit was 664.0829 million and down 2.90%.

During the current year until 202107, LUXEMBOURG's total exports and imports of goods were 23935.9386 million and were up 24.85% comparing to the same period of last year. Among these, exports were 9573.0672 million and up 24.35%; imports were 14362.8714 million and up 25.18%. The total trade deficit was 4789.8043 million and up 26.88%.

If considering by country (region), GERMANY, BELGIUM, INTRA-EU, FRANCE, NETHERLANDS were LUXEMBOURG's top five trading partners. During the current year until 202107, LUXEMBOURG's imports and exports to five countries/territories were 5421.6159 million, 5060.7057 million, 2837.2800 million, 2754.3520 million, 1245.0716 million. These values correspond to 22.65%, 21.14%, 11.85%, 11.51%, 5.20% of LUXEMBOURG's imports and exports, and, respectively, were up 5.91%, up 6.17%, 0, up 9.98%, up 22.75% comparing to the same period of last year.

Current year until 202107, LUXEMBOURG and the top five trade partners GERMANY, FRANCE, INTRA-EU, BELGIUM, NETHERLANDS are the top five countries/territories that LUXEMBOURG exports to in terms of the total export amount. During the current year until 202107, LUXEMBOURG's exports to these five countries/territories were 2140.1015 million, 1390.9283 million, 1063.9800 million, 1019.5981 million, 500.4138 million. These values correspond to 22.36%, 14.53%, 11.11%, 10.65%, 5.23% of LUXEMBOURG's exports and, respectively, were up 2.83%, up 7.73%, 0, up 10.92%, up 27.74% comparing with the same period of last year.

Current year until 202107, LUXEMBOURG's exports to top five countries/territories BELGIUM, GERMANY, INTRA-EU, FRANCE, NETHERLANDS are the top five countries/territories that LUXEMBOURG imports from in terms of the total export amount. During the current year until 202107, LUXEMBOURG's imports from these five countries/territories were 4041.1077 million, 3281.5145 million, 1773.3000 million, 1363.4238 million, 744.6579 million. These values correspond to 28.14%, 22.85%, 12.35%, 9.49%, 5.18% of LUXEMBOURG's total imports and, respectively, were up 5.04%, up 8.02%, 0, up 12.37%, up 19.60% comparing with the same period of last year.

During the current year until 202107, the trade surplus of LUXEMBOURG was mainly from TURKEY, UNITED KINGDOM, RUSSIA, SPAIN, AUSTRIA at 93.2601 million, 72.4244 million, 68.7061 million, 63.4294 million, 59.5872 million, and up 20.61%, down 19.87%, up 13.12%, up 91.37%, up 25.79%. And the trade deficits were mainly from BELGIUM, GERMANY, INTRA-EU, NETHERLANDS, JAPAN at 3021.5096 million, 1141.4130 million, 709.3200 million, 244.2441 million, 208.7071 million, and up 3.19%, up 19.30%, 0, up 5.79%, up 12.26%.

Current year until 202107, LUXEMBOURG's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 99, 87, 84, 39, 72, were LUXEMBOURG's top five traded commodities. They correspond to the import and export values of 2955.4113 million, 2536.5658 million, 2508.3273 million, 1723.7773 million, 1705.3384 million, which were up 2873.21%, up 9.43%, up 12.61%, up 10.28%, up 22.63% comparing with the same period of last year and account for 12.35%, 10.60%, 10.48%, 7.20%, 7.12% of LUXEMBOURG's total imports and exports.

During the current year until 202107, 99, 84, 72, 39, 87 were LUXEMBOURG's top five traded commodities, with total import and export values of 1171.5010 million, 1143.8364 million, 942.3188 million, 904.6885 million, 756.5073 million. These values correspond to 12.24%, 11.95%, 9.84%, 9.45%, 7.90% of LUXEMBOURG's total exports and, respectively, were up 1190.48%, up 11.10%, up 20.57%, up 5.63%, up 14.41% comparing to the same period of last year.

During the current year until 202107, 99, 87, 84, 27, 85 were LUXEMBOURG's top five traded commodities, with total import values of 1783.9103 million, 1780.0585 million, 1364.4908 million, 1003.1764 million, 827.8418 million. These values correspond to 12.42%, 12.39%, 9.50%, 6.98%, 5.76% of LUXEMBOURG's total exports and, respectively, were up 20592.20%, up 7.44%, up 13.92%, up 16.57%, up 12.35% comparing to the same period of last year.


2. Current year until 202107, LUXEMBOURG binational trade profile

According to Dalian Infobank, during the current year until 202107, LUXEMBOURG-China binational exports and imports of goods amounted to 336.3531 million and were down 0.18% comparing with the same period of last year. Among these, exports from LUXEMBOURG to China were 142.7201 million and up 18.45%, imports from China to LUXEMBOURG were 193.6331 million and down 10.55%. The total binational trade deficit was 50.9130 million and down 46.96%.

During the urrent year until 202107, commodities with hs2 code, 84, 85, 39, 74, 56, were binational trade's top five traded commodities. They correspond to import and export values of 72.0455 million, 40.6122 million, 38.9084 million, 31.2222 million, 21.0149 million and makes up 21.42%, 12.07%, 11.57%, 9.28%, 6.25% of the total binational imports and exports. These values were also up 23.90%, up 18.11%, up 86.64%, up 23.26%, down 26.08% comparing to the same period last year.

During the current year until 202107, 84, 74, 56, 85, 73 were the top five traded commodities exported to China from LUXEMBOURG, with export values of 37.0322 million, 28.0086 million, 20.6648 million, 12.7277 million, 12.0830 million. These values account for 25.95%, 19.62%, 14.48%, 8.92%, 8.47% of LUXEMBOURG's total exports and were up 46.59%, up 26.98%, down 27.25%, up 63.00%, up 28.67% comparing to the same period of last year.

During the current year until 202107, 84, 39, 85, 30, 38 were LUXEMBOURG's top five traded commodities importing from China , with import values of 35.0133 million, 33.4108 million, 27.8845 million, 17.9083 million, 13.3987 million. These values account for 18.08%, 17.25%, 14.40%, 9.25%, 6.92% of LUXEMBOURG's total imports and were up 6.47%, up 111.31%, up 4.92%, up 38266.08%, up 1962.65% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat