Luxembourg

Luxembourg ranked No. 76 in total trade value through June with a total of $836.31 million. Exports totaled $606.82 million and Imports totaled $229.49 million, a surplus of $377.33 million.

U.S. trade with Luxembourg rose to $836.31 million through June

Luxembourg’s trade with the United States rose to $836.31 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.65 percent below its total trade during the same time period last year. U.S. exports to Luxembourg decreased 36.15 percent while U.S. imports from Luxembourg fell 30.31 percent. The U.S. surplus with Luxembourg was $377.33 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Hartsfield-Jackson Atlanta International Airport; No. 2 John F. Kennedy International Airport; No. 3 Los Angeles International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Cleveland’s Hopkins International Airport, Ohio. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Los Angeles International Airport; No. 3 Miami Int’l Airport; No. 4 Hartsfield-Jackson Atlanta International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 49.8 percent of Luxembourg’s U.S. trade.

Among those top five:

  • Trade with No. 1 Hartsfield-Jackson Atlanta International Airport rose 38.75 percent to $144.15 million.
    Exports rose 48.73 percent to $143.19 million. Imports fell 87.38 percent to $960,993.
  • Trade with No. 2 John F. Kennedy International Airport fell 64.9 percent to $110.67 million.
    Exports fell 65.61 percent to $92.61 million. Imports fell 60.76 percent to $18.06 million.
  • Trade with No. 3 Los Angeles International Airport fell 48.35 percent to $63.2 million.
    Exports fell 49.25 percent to $59.72 million. Imports fell 25.73 percent to $3.49 million.
  • Trade with No. 4 Chicago O’Hare International Airport rose 13.1 percent to $56.89 million.
    Exports fell 5.24 percent to $41.17 million. Imports rose 129.59 percent to $15.71 million.
  • Trade with No. 5 Cleveland’s Hopkins International Airport, Ohio fell 1.67 percent to $41.56 million.
    Exports fell 13.85 percent to $26.25 million. Imports rose 29.8 percent to $15.31 million.

Luxembourg ranked No. 76 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 75.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Luxembourg by value through June were the categories of Civilian aircraft, parts; Paintings, drawings and other artwork; Medical instruments; Misc. medical chemical re-agents; and Original sculptures and statues, respectively. They accounted for 57.6 percent of total exports to Luxembourg.

The value of the top five categories of U.S. imports from Luxembourg –– Returned exports, without change; Aluminum foil, less than 0.2 mm thick; Non-woven fabric; Taps, cocks and valves for pipes, tanks; and Misc. medical chemical re-agents –– accounted for 46.29 percent of all inbound shipments.

Looking more closely at U.S. exports to Luxembourg:

  • Civilian aircraft, parts fell 29.95 percent compared to last year to $233.66 million.
  • Paintings, drawings and other artwork fell 87.74 percent compared to last year to $31.68 million.
  • Medical instruments rose 576.66 percent compared to last year to $31.19 million.
  • Misc. medical chemical re-agents fell 19.21 percent compared to last year to $27.27 million.
  • Original sculptures and statues fell 12.76 percent compared to last year to $25.72 million.

Looking more closely at U.S. imports from Luxembourg:

  • Returned exports, without change fell 35.18 percent compared to last year to $48.39 million.
  • Aluminum foil, less than 0.2 mm thick fell 10.63 percent compared to last year to $22.33 million.
  • Non-woven fabric fell 38.96 percent compared to last year to $13.37 million.
  • Taps, cocks and valves for pipes, tanks fell 6.56 percent compared to last year to $12.21 million.
  • Misc. medical chemical re-agents rose 3609.3 percent compared to last year to $9.94 million.

In the latest annual figures available, Luxembourg recorded $2.56 billion in trade with the United States. Total U.S. exports to Luxembourg were $ 1.92 billion and imports from Luxembourg were $633.81 million. The U.S. surplus with Luxembourg was $1.29 billion.