Luxembourg

Luxembourg ranked No. 75 in total trade value in 2019 with a total of $2.56 billion. Exports totaled $1.92 billion and Imports totaled $633.81 million, a surplus of $1.29 billion.

U.S. trade with Luxembourg rose to $2.56 billion in 2019

Luxembourg’s trade with the United States rose to $2.56 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 61.98 percent above its total trade of 2018. U.S. exports to Luxembourg increased 87.41 percent while U.S. imports from Luxembourg rose 14.76 percent. The U.S. surplus with Luxembourg was $1.29 billion.

Through December 2019, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Hartsfield-Jackson Atlanta International Airport; No. 3 Dallas-Fort Worth International Airport, Texas; No. 4 Los Angeles International Airport; and No. 5 Miami International Airport. In 2018, the top five were No. 1 John F. Kennedy International Airport No. 2 Chicago O’Hare International Airport No. 3 Los Angeles International Airport No. 4 Port of Virginia and No. 5 Cleveland’s Hopkins International Airport, Ohio. In 2019, the top five accounted for 55.17 percent of Luxembourg’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 45.28 percent to $430.37 million.
    Exports rose 47.47 percent to $372.25 million. Imports rose 32.69 percent to $58.13 million.
  • Trade with No. 2 Hartsfield-Jackson Atlanta International Airport rose 609.84 percent to $355.34 million.
    Exports rose 768.38 percent to $336.82 million. Imports rose 64.3 percent to $18.52 million.
  • Trade with No. 3 Dallas-Fort Worth International Airport, Texas rose 769.46 percent to $218.93 million.
    Exports rose 881.98 percent to $202.7 million. Imports rose 257.64 percent to $16.23 million.
  • Trade with No. 4 Los Angeles International Airport rose 102.53 percent to $210 million.
    Exports rose 94.68 percent to $179.97 million. Imports rose 167.09 percent to $30.03 million.
  • Trade with No. 5 Miami International Airport rose 763.32 percent to $195.59 million.
    Exports rose 921 percent to $185.29 million. Imports rose 128.4 percent to $10.29 million.

Luxembourg ranked No. 75 among the United States’ top trade partners in 2019. In 2018, it ranked No. 84.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to Luxembourg by value through December 2019 were the categories of Civilian aircraft, parts; Paintings, drawings and other artwork; Cell phones, related equipment; Misc. medical chemical re-agents; and Original sculptures and statues, respectively. They accounted for 71.82 percent of total exports to Luxembourg.

The value of the top five categories of U.S. imports from Luxembourg –– Value added to a returned import; Angles, shapes, sections, iron and nonalloy steel; Sheet Piling, Welded Angles Etc of Iron or St 7301; Aluminum foil, less than 0.2 mm thick; and Non-woven fabric –– accounted for 50.9 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 405.26 percent compared to last year to $882.6 million.
  • Paintings, drawings and other artwork rose 72.34 percent compared to last year to $356.5 million.
  • Cell phones, related equipment fell 6.05 percent compared to last year to $54.74 million.
  • Misc. medical chemical re-agents fell 46.62 percent compared to last year to $49.92 million.
  • Original sculptures and statues fell 14.75 percent compared to last year to $36.99 million.

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

  • Value added to a returned import rose 44.34 percent compared to last year to $136.7 million.
  • Angles, shapes, sections, iron and nonalloy steel fell 14.82 percent compared to last year to $58.59 million.
  • Sheet Piling, Welded Angles Etc of Iron or St 7301 rose 138.42 percent compared to last year to $48.42 million.
  • Aluminum foil, less than 0.2 mm thick rose 25.49 percent compared to last year to $41.91 million.
  • Non-woven fabric fell 14.12 percent compared to last year to $36.97 million.

In 2018 annual figures available, Luxembourg recorded $1.58 billion in trade with the United States. Total U.S. exports to Luxembourg were $1.03 billion and imports from Luxembourg were $552.31 million. The U.S. surplus with Luxembourg was $473.48 million.