FX.co ★ Luxembourg Trade Deficit Eases

Luxembourg posted a trade deficit of EUR 0.91 billion in December 2025, slightly lower than the EUR 1.15 billion shortfall recorded a year earlier. Exports rose by 14.9% year-on-year to EUR 1.41 billion, driven by strong growth in manufactured goods from raw materials (up 14.4% to EUR 179 million) and other manufactured goods (up 75.6% to EUR 183 million). Meanwhile, imports declined by 3.9% to EUR 2.12 billion, weighed down in particular by a sharp drop in fuel imports amid lower prices (down 21.4% to EUR 188 million). Imports from the United States plummeted by 82.5% to EUR 54.6 million, reflecting the impact of tariffs imposed by the White House and the EU’s retaliatory measures.