The first estimate for Luxembourg total trade of goods this year so far (January to September 2021) with the rest of the world has increased by 17%, compared with the period between January and September 2020.
Both intra-EU and extra-EU exports increased by 17% (€8.4 billion) and 16% (€2.0 billion) respectively and the intra-EU and extra-EU imports increased by 16% (€13.8 billion) and 20% (€1.8 billion), as well. Overall, the economic activities in 2021 in Luxembourg are higher than the same period in 2020.
In terms of all the EU Member States for which data were available at EUROSTAT, an increase in total trade was registered in all except Ireland (-2%) and Cyprus (-1%). The highest increases were registered in Greece (+28%), Croatia (+25%) and Latvia (+23%) during the period between January and September 2021 compared to the previous year.
Note: The United Kingdom is considered as an extra-EU partner country for the EU for the reference time period above (January to September 2021) while until 31 December 2020, a part of the internal market, meaning that the data on trade with the United Kingdom has an impact on the trade flows data mentioned above.
