FX.co ★ Luxembourg Trade Gap Narrows in September

In September 2025, Luxembourg experienced a reduction in its trade deficit to EUR 0.63 billion, compared to EUR 0.75 billion in the same month the previous year. This improvement was due to a rise in exports alongside a decline in imports, resulting in the smallest trade gap since May of that year. Exports grew by 6.1% year-on-year, reaching EUR 1.31 billion. This growth was driven by significant increases in sectors such as other manufactured goods classified by material (up 13.5%), transport equipment (up 9.7%), and beverages and tobacco (up 8.7%). Notably, export growth was robust toward Belgium, with an increase of 24.7%, and France, which saw a rise of 13.9%. On the imports side, there was a decline of 2.2%, bringing imports down to EUR 1.94 billion. This decrease was primarily due to notable drops in minerals, fuels, and lubricants (down 19.1%), transport equipment (down 14.2%), and other manufactured goods classified by material (down 3.2%). Import reductions were particularly significant from other European countries, decreasing by 51.8%, and from the United States, with a decrease of 37.6%.