In 2017, Germany was Luxembourg’s biggest export partner, receiving 26% of the grand duchy’s total exports Pexels

In 2017, Germany was Luxembourg’s biggest export partner, receiving 26% of the grand duchy’s total exports Pexels

The 2017 trade figures were published on Monday by Eurostat (pdf), showing that in terms of trade value, Germany was Luxembourg’s biggest export partner, receiving 26% of the grand duchy’s total exports. Luxembourg was not alone in that respect--overall, Germany was the main destination of goods exported for 17 member states.

Behind Germany, Belgium was Luxembourg’s second-biggest export market, followed by France. The rest of the world made up around 43% of exports.

EU member states made up 84% of Luxembourg’s export market, placing Luxembourg in joint-second with the Czech Republic, behind Slovakia (86%).

When it came to imports, Belgium was Luxembourg’s single biggest supplier of goods, providing 32% of imports, ahead of Germany (24%) and France (11%). Over three quarters of Luxembourg’s imports (83%) came from member states, the report found.

The US and China were the two main goods trading partners of the EU in 2017, accounting for 16.9% (€631bn) and 15.3% (€261bn), respectively. The US trend decreased from 2000 to 2017, while China’s share tripled over the same period.