Balance of payments of Luxembourg during the year 2018

The current account showed a surplus of 2.8 billion euros in 2018, an increase of 2.5% compared to 2017.

The deficit (negative balance) of goods amounted to 2.9 billion euros in 2018 and was thus reduced by 287 million euros. This development is explained by the fact that the surplus generated by goods under merchanting (purchase and resale of goods abroad without physical crossing of the national border) grew faster (+683 million) than the deficit of general merchandise. The later deteriorated by 397 millions euros, especially due to an increase in imports of energy products.