Luxembourg - Imports of Goods

Luxembourg: Imports of Goods

Mnemonic TRIG.ILUX
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.84 %
Data 2019 Q3 5,219
2019 Q2 5,428

Series Information

Source STATEC Luxembourg
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/2002
End Date 9/30/2019

Luxembourg: Trade

Reference Last Previous Units Frequency
Balance of Goods 2019 Q3 -175.8 -399.8 Mil. EUR, NSA Quarterly
Current Account Balance 2019 Q3 -271.6 1,131 Mil. EUR, NSA Quarterly
Exports of Goods 2019 Q3 5,043 5,028 Mil. EUR, NSA Quarterly
Exports of Goods and Services 2019 Q3 33,459 32,955 Mil. EUR, SA Quarterly
Imports of Goods 2019 Q3 5,219 5,428 Mil. EUR, NSA Quarterly
Imports of Goods and Services 2019 Q3 27,741 27,133 Mil. EUR, SA Quarterly
Real Exports of Goods and Services 2019 Q3 25,483 25,210 Mil. Ch. 2010 EUR, SA Quarterly
Real Imports of Goods and Services 2019 Q3 21,108 20,868 Mil. Ch. 2010 EUR, SA Quarterly

Release Information

For Luxembourg, detailed balance of payments per the IMF BPM6 framework. Quarterly from 1995.

  • Credits and debits for goods and services, factor income (covering remuneration and investment income), current and capital transfers.
  • Assets and Liabilities for financial account items: direct investment, portfolio investment, other investment, financial derivatives and reserve assets.
  • Balance of Payments statistics are compiled in accordance with the standards set forth in the fifth edition of the IMF’s Balance of Payments Manual. 
  • Analytical framework: The data is organized in five main headings: current account including goods, services, income and current transfers; capital account incorporating capital transfers and non-produced, non-financial assets; financial account including direct investment, portfolio investment, financial derivatives and other investment; reserve assets and net errors & omissions. 
    The data collection system of the Luxembourg balance of payments relies on various sources: direct reporting, administrative sources, and other statistical sources (e.g. trade statistics, surveys for travel items, MFI balance sheet statistics, custodian holdings on behalf or residents collected on a security by security basis). The International Transactions Reporting System (ITRS) of the open type is still used for some items but is no longer the cornerstone of the reporting system. 
  • Definition: statistical statement summarizing the economic transactions of residents of the Luxembourg with the rest of the world during a month, a quarter or a year.
  • Transactions coverage: the collection system used to report statistical data for the b.o.p. is an “International Transactions Reporting System (ITRS) of the open type”, which is based on the collection of information relating to international settlements. Domestic credit institutions have to inform the BcL of foreign payments made on behalf of their customers as well as those realized for their own account. Residents (other than banks) who make external transactions which are settled without resorting to resident credit institutions must declare these transactions either to the BcL or to STATEC, depending on the sector involved.
    • The main components of the current account are available since 1995. Quarterly financial account items are available since 2002.
    • BCL collects, starting with end-December 2008 PI positions, on s-b-s basis and with a monthly frequency. PI flows are derived from positions. Income items are calculated by using s-b-s positions and CSDB.
    • The population reporting s-b-s is the following:
      • Banks (assets, liabilities as well as custodian accounts),
      • Money market funds,
      • Investment funds.
  • This s-b-s reporting is completed by a complete balance-sheet reporting on monthly basis for banks and money market funds and of quarterly basis for investment funds.
  • Geographic coverage: In principle, the Luxembourg balance of payment covers all transactions of physical and legal persons residing in the Grand-Duchy. 

The initially released data are subject to revisions. Revisions are usually made within 3 months and final data are available within 15 months. The revisions are published along with the release of the latest data in full harmony with the ECB and Eurostat prescriptions in this matter. The provisional, revised or final nature of the data is indicated in the publication.

The above information comes from the IMF DSBB