Luxembourg

In 2014, the value of merchandise exports of Luxembourg increased moderately by 6.8 percent to reach 14.7 bln US$, while its merchandise imports decreased slightly by 0.5 percent to reach 23.8 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 9.1 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -7.3 bln US$ (see graph 4). Merchandise exports in Luxembourg were diversified amongst partners; imports were also diversified. The top 12 partners accounted for 80 percent or more of exports and 7 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Luxembourg increased substantially by 22.8 percent, reaching 88.7 bln US$, while its imports of services increased substantially by 44.0 percent and reached 60.8 bln US$ (see graph 2). There was a moderate trade in services surplus of 27.9 bln US$.

Related Subject(s): International Trade and Finance

Countries: Luxembourg