Luxembourg recorded a trade deficit of EUR 0.91 billion in December of 2025, narrowing slightly from the EUR 1.15 billion gap in the corresponding period of the previous year. Exports surged by 14.9% annually to EUR 1.41 billion, supported by a surge in manufacturing goods from raw materials (14.4% to EUR 179 million) and other manufacturing goods (75.6% to EUR 183 million). In turn, imports fell by 3.9% to EUR 2.12 billion, pressured by declines in fuels due to lower prices (-21.4% to EUR 188 million). Imports to the US sank by 82.5% to 54.6 million due to the tariffs imposed by the White House and countermeasures by the EU.