FX.co ★ Luxembourg Trade Deficit Widens

In November 2025, Luxembourg's trade deficit expanded to EUR 0.88 billion, compared to EUR 0.81 billion in the same month the previous year. This expansion was driven by a 2% year-on-year increase in imports, which totaled EUR 2.09 billion. The rise in imports was primarily due to heightened acquisitions of transportation equipment (up 7.2%), machinery and equipment (up 20.3%), and chemicals and chemical products (up 3.3%). The majority of imported goods originated from Japan and other countries across Asia, even though there were noticeable reductions in imports from Germany, Belgium, and France. Conversely, exports experienced a decline of 2.8% year-on-year, amounting to EUR 1.21 billion. This downturn was largely due to decreased sales in base metal manufactures (down 13.5%), machinery and equipment (down 9.8%), and chemicals and chemical products (down 1.9%). The most significant reductions in exports were to Germany and France, although there was an increase in shipments to Belgium.