FX.co ★ Luxembourg Trade Balance Narrows

In May 2025, Luxembourg reported a trade deficit of €0.63 billion, a reduction from the €0.72 billion deficit in the same month of the previous year. This marks the third consecutive decrease in the trade deficit this year. Imports decreased by 4.5% year-over-year, totaling €1.89 billion, primarily due to a significant decline in the import of fuels and lubricants, which plummeted by 26.4% to €0.17 billion because of lower prices. Additionally, there was a notable drop in imports of manufactured goods, which fell by 16.7% to €0.1 billion. Despite these declines, exports remained stable at €1.26 billion. A substantial increase in manufactured goods, up by 10.7% to €0.2 billion, offset the decline in metal exports, which decreased by 11.7% to €0.24 billion, likely due to lower steel prices—a key export for Luxembourg.