International Merchandise Trade Statistics: Trade Balance: Commodities for Luxembourg
LUXXTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-770,690,800.00
Year-over-Year Change
10.97%
Date Range
1/1/1988 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Luxembourg measures the difference between the value of Luxembourg's exports and imports of goods. This metric is a key indicator of Luxembourg's trade performance and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the trade balance, or net exports, of commodities for Luxembourg. It reflects the country's participation in global trade and is an important measure of its economic competitiveness and integration with the world economy.
Methodology
The data is collected and calculated by Luxembourg's national statistical agency.
Historical Context
Policymakers and analysts use this metric to assess Luxembourg's trade position and make informed decisions about economic and trade policy.
Key Facts
- Luxembourg has a population of over 600,000 people.
- The country is a major financial center and home to many multinational corporations.
- Luxembourg's trade balance has been in surplus for the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between the value of Luxembourg's exports and imports of goods, known as the trade balance.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is an important indicator of a country's economic health and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Luxembourg's trade position and make informed decisions about economic and trade policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the national statistical agency, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Luxembourg (LUXXTNTVA01CXMLM), retrieved from FRED.