According to the statistics from Statistical Office of the European Union, Luxemburg’s volume of goods trade was USD15.99 billion from January to May in 2016, down 5.3% year-on-year (the same below). Exports grew by 0.7% to USD7.15 billion, and imports fell by 9.7% to USD8.84 billion. The trade deficit fell by 37.2% to USD1.69 billion.
In May, Luxemburg’s volume of goods trade grew by 3.7% to USD3.34 billion. Exports grew by 12.1% to USD1.56 billion and imports fell by 2.8% to USD1.78 billion. And the trade deficit fell by 50.2% to USD0.22 billion.
Since January to May, bilateral trade volume between Luxemburg and China fell by 42.6% to USD0.73 billion. Luxemburg’s exports to China fell by 7.6% to USD0.1 billion, accounting for 1.4% of Luxemburg’s overall export. And Luxemburg’s imports from China fell by 45.8% to USD0.64 billion, accounting for 7.2% of Luxemburg’s overall imports. Luxemburg’s trade deficit with China was USD0.54 billion, down 49.7%.
China was the 14th export market of Luxemburg and its 4th largest source of imports up to May in 2016.