International Trade: Exports: Value (Goods): Total for Luxembourg
XTEXVA01LUQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.89
Year-over-Year Change
4.94%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the total value of goods exported from Luxembourg. It is an important indicator of the country's international trade activity and economic performance.
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 International Trade: Exports: Value (Goods): Total for Luxembourg series tracks the total monetary value of all exported goods from Luxembourg. This metric provides insight into the country's trade balance, export competitiveness, and integration with the global economy.
Methodology
The data is collected by Luxembourg's national statistical agency through surveys of exporting companies.
Historical Context
Policymakers and economists use this trend to assess Luxembourg's trade position and competitiveness within the European Union and international markets.
Key Facts
- Luxembourg is a major exporter of goods within the European Union.
- Exports account for over 200% of Luxembourg's GDP.
- The top export categories are machinery, vehicles, and mineral fuels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Luxembourg. It provides an overview of the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Luxembourg's export performance and trade position within the global economy. It is closely watched by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by Luxembourg's national statistical agency through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess Luxembourg's trade balance, competitiveness, and integration with international markets, informing decisions on trade, taxation, and economic development policies.
Q: Are there update delays or limitations?
A: There may be a short delay of several weeks between the end of the reporting period and the data release. The data may also be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Luxembourg (XTEXVA01LUQ188S), retrieved from FRED.