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2023
Flag → Flag
Exports $17.4MRnk 2 / 77
2023
Flag → Flag
Top Product $17.3MFerroalloys
2023
Flag → Flag
Exports $667kRnk 201 / 219
2023
Flag → Flag
Top Product $75.6kWine
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Bhutan-Italy Trade: In 2023, Bhutan exported $17.4M to Italy. The main products that Bhutan exported to Italy were Ferroalloys ($17.3M), Audio Alarms ($53.9k), and Paintings ($1.24k). Over the past 5 years the exports of Bhutan to Italy have increased at an annualized rate of 10.3%, from $10.6M in 2018 to $17.4M in 2023.

In 2023, Bhutan did not export any services to Italy.

Italy-Bhutan Trade: In 2023, Italy exported $667k to Bhutan. The main products that Italy exported to Bhutan were Wine ($75.6k), Other Iron Products ($53.4k), and Low-voltage Protection Equipment ($49.6k). Over the past 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 15.1%,  from $1.51M in 2018 to $667k in 2023.

In 2023, Italy did not export any services to Bhutan.

Comparison In 2023,  Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $17.4M to Italy. The main products exported from Bhutan to Italy were Ferroalloys ($17.3M), Audio Alarms ($53.9k), and Paintings ($1.24k). During the last 5 years the exports of Bhutan to Italy have increased at an annualized rate of 10.3%, from $10.6M in 2018 to $17.4M in 2023.

In 2018, Italy exported $667k to Bhutan. The main products exported from Italy to Bhutan were Wine ($75.6k), Other Iron Products ($53.4k), and Low-voltage Protection Equipment ($49.6k). During the last 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 15.1%, from $1.51M in 2023 to $667k in 2018.

Exports from Bhutan (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Bhutan (Flag) (2023)

Latest Data

Trade between Bhutan (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from Bhutan than from Italy.

In 2023, countries that imported more from Italy than Bhutan included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy (Flag) and Bhutan (Flag) (2023)

Comparative Advantage Bhutan - Italy

Flow
Scale

This chart compares trade between Bhutan and Italy by product, considering products traded by both, Bhutan and Italy.

During 2023, Bhutan had a large net trade with Italy in the exports of Metals ($17.3M), Machines ($53.9k), and Arts and Antiques ($1.24k).

During 2018, Italy had a large net trade with Bhutan in the exports of Machines ($199k), Foodstuffs ($147k), and Metals ($81.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and Italy (Flag) (2023)

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