Luxembourg

In 2013, the value of merchandise exports of Luxembourg increased slightly by 0.4 percent to reach 13.8 bln US$, while its merchandise imports decreased slightly by 2.1 percent to reach 23.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 9.9 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -8.2 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 6 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Luxembourg increased slightly by 0.6 percent, reaching 72.2 bln US$, while its imports of services decreased slightly by 0.3 percent and reached 42.2 bln US$ (see graph 2). There was a moderate trade in services surplus of 30.0 bln US$.

Related Subject(s): International Trade and Finance

Countries: Luxembourg