2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$82.3BCURRENT US$
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2012-2022
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GDP GROWTH
37.6%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$126,426CURRENT US$
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2012-2022
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GDP PC GROWTH
12.3%CURRENT US$
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About

Finland-Luxembourg In 2022, Finland exported $69.3M to Luxembourg. The main products that Finland exported to Luxembourg are Enzymes ($13M), Industrial Fatty Acids, Oils and Alcohols ($9.66M), and Raw Zinc ($8.91M). During the last 23 years the exports of Finland to Luxembourg have increased at an annualized rate of 3.13%, from $34.1M in 1999 to $69.3M in 2022.

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.

Luxembourg-Finland In 2022, Luxembourg exported $122M to Finland. The main products that Luxembourg exported to Finland were Iron Blocks ($22.4M), Coated Flat-Rolled Iron ($20M), and Hot-Rolled Iron ($13.1M). During the last 23 years the exports of Luxembourg to Finland have increased at an annualized rate of 4.53%, from $44.2M in 1999 to $122M in 2022.

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.

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41),  and 46 in total exports ($89.9B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $69.3M to Luxembourg. The main products exported from Finland to Luxembourg were Enzymes ($13M), Industrial Fatty Acids, Oils and Alcohols ($9.66M), and Raw Zinc ($8.91M). During the last 23 years the exports of Finland to Luxembourg have increased at an annualized rate of 3.13%, from $34.1M in 1999 to $69.3M in 2022.

In 2022, Luxembourg exported $122M to Finland. The main products exported from Luxembourg to Finland were Iron Blocks ($22.4M), Coated Flat-Rolled Iron ($20M), and Hot-Rolled Iron ($13.1M). During the last 23 years the exports of Luxembourg to Finland have increased at an annualized rate of 4.53%, from $44.2M in 1999 to $122M in 2022.

Exports from Finland (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Luxembourg (Flag)

Finland Exports

Luxembourg Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Luxembourg
Top Destination
Germany$4.15B

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

In 2021, countries that imported more from Finland than Luxembourg were Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

In 2021, countries that imported more from Luxembourg than Finland were Hong Kong ($628M), France ($3.07B), and Oman ($263M).

Difference in imports from Luxembourg (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Luxembourg

Flow
Scale

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

During 2022, Finland had a large net trade with Luxembourg in the exports of Chemical Products ($23.1M), Machines ($15.9M), and Metals ($13M).

During 2022, Luxembourg had a large net trade with Finland in the exports of Metals ($75.4M), Machines ($9.68M), and Chemical Products ($8.62M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Finland.

Product Space of Finland (Flag) and Luxembourg (Flag) (2022)

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