FX.co ★ Luxembourg Trade Deficit Widens in February

Luxembourg’s trade deficit widened to EUR 0.83 billion in February 2026, up from EUR 0.66 billion in the same month a year earlier. Exports declined by 5.4% year-on-year to EUR 1.2 billion, dragged down by weaker sales of manufactured goods classified chiefly by material (-12.8%); crude materials, inedible, and mineral oils, fats, and waxes (-13.5%); machinery and equipment (-13.4%); transport equipment (-9.5%); and other manufactured goods (-5.4%). By destination, exports recorded notable contractions to Germany (-6.4%) and the United States (-25.3%).

In contrast, imports rose 5.4% to EUR 2 billion, supported by higher purchases of machinery and equipment (74.6%), miscellaneous manufactured articles (4.1%), food and live animals (6.5%), and chemicals and related products (2.7%). The strongest import growth came from Japan (916.9%) and the United States (47.4%).