International Trade: Net Trade: Value (Goods): Total for Luxembourg
LUXXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.14
Year-over-Year Change
-20.40%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic indicator measures the net trade balance, or the difference between Luxembourg's total exports and imports of goods. It provides insight into Luxembourg's international trade position and competitiveness.
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
The net trade value for Luxembourg represents the overall value of goods traded internationally, with exports subtracted from imports. This metric is a key indicator of a country's trade surplus or deficit and can inform policymakers and analysts about economic performance and global market integration.
Methodology
The data is collected and calculated by Luxembourg's national statistics agency based on customs records and surveys.
Historical Context
Net trade values are closely monitored by economists and policymakers to assess a country's economic health and trade relationships.
Key Facts
- Luxembourg has run a trade surplus since the 1980s.
- Services trade accounts for a larger share of Luxembourg's total trade than goods trade.
- The European Union is Luxembourg's largest trading partner.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the net trade balance, or the difference between Luxembourg's total exports and imports of goods.
Q: Why is this trend relevant for users or analysts?
A: Net trade values provide insight into a country's international trade position and competitiveness, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Luxembourg's national statistics agency based on customs records and surveys.
Q: How is this trend used in economic policy?
A: Net trade values are closely monitored by economists and policymakers to assess a country's economic health and trade relationships.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and revisions to historical values, as is common with macroeconomic indicators.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Luxembourg (LUXXTNTVA01STSAQ), retrieved from FRED.