In 2017, Germany was Luxembourg’s biggest export partner, receiving 26% of the grand duchy’s total exports
Luxembourg’s dependence on its neighbours for trade was underlined in a report showing it exported a quarter of goods to Germany and imported a third from Belgium.
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.