Trade Resources Economy Brief Report of Luxemburg's Trade in May 2016

Brief Report of Luxemburg's Trade in May 2016

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.

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