2023
Flag  
GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
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GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
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 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC 
$128,678CURRENT US$
Rnk 2 / 195
2013-2023
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GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195
2023
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GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Luxembourg-Finland Trade: In 2023, Luxembourg exported $104M to Finland. The main products that Luxembourg exported to Finland were Iron Blocks ($18.7M), Hot-Rolled Iron ($12.9M), and Coated Flat-Rolled Iron ($11.5M). Over the past 5 years the exports of Luxembourg to Finland have increased at an annualized rate of 3.23%, from $88.9M in 2018 to $104M in 2023.

In 2020, Luxembourg exported services to Finland worth $103M, with Other business services ($90.2M), Transportation ($10.3M), and Travel ($2.28M) being the largest in terms of value.

Finland-Luxembourg Trade: In 2023, Finland exported $122M to Luxembourg. The main products that Finland exported to Luxembourg were Raw Zinc ($25.5M), Enzymes ($16.3M), and Industrial Fatty Acids, Oils and Alcohols ($13.5M). Over the past 5 years the exports of Finland to Luxembourg have increased at an annualized rate of 15.8%,  from $50.5M in 2018 to $122M in 2023.

In 2020, Finland exported services to Luxembourg worth $104M, with Other business services ($38.8M), Financial services ($33.1M), and Transportation ($11.4M) being the largest in terms of value.

Comparison In 2023,  Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Luxembourg exported $104M to Finland. The main products exported from Luxembourg to Finland were Iron Blocks ($18.7M), Hot-Rolled Iron ($12.9M), and Coated Flat-Rolled Iron ($11.5M). During the last 5 years the exports of Luxembourg to Finland have increased at an annualized rate of 3.23%, from $88.9M in 2018 to $104M in 2023.

In 2018, Finland exported $122M to Luxembourg. The main products exported from Finland to Luxembourg were Raw Zinc ($25.5M), Enzymes ($16.3M), and Industrial Fatty Acids, Oils and Alcohols ($13.5M). During the last 5 years the exports of Finland to Luxembourg have increased at an annualized rate of 15.8%, from $50.5M in 2023 to $122M in 2018.

Exports from Luxembourg (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Luxembourg (Flag) (2023)

Latest Data

Trade between Luxembourg (Flag) and Finland (Flag)

Luxembourg Exports

Finland Exports

Market Competitiveness

Color
Luxembourg
Top Destination
Germany$3.42B
Finland
Top Destination
United States$9.68B

This map shows whether countries import more from Luxembourg or Finland. Each country is colored based on the difference in imports they receive from Luxembourg and Finland or the difference in the growth in imports.

In 2023, countries that imported more from Luxembourg than Finland included Hong Kong ($960M), Oman ($290M), and France ($2.8B).

In 2023, countries that imported more from Finland than Luxembourg included United States ($9.68B), Sweden ($8.13B), and Germany ($9.26B).

Difference in imports from Finland (Flag) and Luxembourg (Flag) (2023)

Comparative Advantage Luxembourg - Finland

Flow
Scale

This chart compares trade between Luxembourg and Finland by product, considering products traded by both, Luxembourg and Finland.

During 2023, Luxembourg had a large net trade with Finland in the exports of Metals ($60.6M), Machines ($9.29M), and Plastics and Rubbers ($6.58M).

During 2018, Finland had a large net trade with Luxembourg in the exports of Metals ($41.5M), Chemical Products ($32M), and Machines ($30.4M).

Bilateral Service Trade

In 2020, Luxembourg exported services to Finland worth $103M, with Other business services ($90.2M), Transportation ($10.3M), and Travel ($2.28M) being the largest in terms of value.

In 2020, Finland exported services to Luxembourg worth $104M, with Other business services ($38.8M), Financial services ($33.1M), and Transportation ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Luxembourg (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Luxembourg (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Luxembourg and Finland. This means that a dot/product with the flag of Luxembourg indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Luxembourg.

Product Space of Luxembourg (Flag) and Finland (Flag) (2023)

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