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2023
Flag → Flag
Exports $2.19MRnk 166 / 211
2023
Flag → Flag
Top Product $1.1MBroadcasting Equipment
2023
Flag → Flag
Exports $81Rnk 20 / 77
2023
Flag → Flag
Top Product $8.61kOther Nuts
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Australia-Bhutan Trade: In 2023, Australia exported $2.19M to Bhutan. The main products that Australia exported to Bhutan were Broadcasting Equipment ($1.1M), Video Displays ($402k), and Telephones ($314k). Over the past 5 years the exports of Australia to Bhutan have increased at an annualized rate of 56.8%, from $231k in 2018 to $2.19M in 2023.

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

Bhutan-Australia Trade: In 2023, Bhutan exported $49.1k to Australia. The main products that Bhutan exported to Australia were Other Nuts ($8.61k), Essential Oils ($7.31k), and Insulated Wire ($5.6k). Over the past 5 years the exports of Bhutan to Australia have decreased at an annualized rate of 49.4%,  from $1.48M in 2018 to $49.1k in 2023.

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

Comparison In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28),  and 20 in total exports ($374B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $2.19M to Bhutan. The main products exported from Australia to Bhutan were Broadcasting Equipment ($1.1M), Video Displays ($402k), and Telephones ($314k). During the last 7 years the exports of Australia to Bhutan have increased at an annualized rate of 13.1%, from $76 in 2015 to $2.19M in 2023.

In 2018, Bhutan exported $49.1k to Australia. The main products exported from Bhutan to Australia were Other Nuts ($8.61k), Essential Oils ($7.31k), and Insulated Wire ($5.6k). During the last 5 years the exports of Bhutan to Australia have decreased at an annualized rate of 49.5%, from $2.47k in 2022 to $49.1k in 2018.

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

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

Latest Data

Trade between Australia (Flag) and Bhutan (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top DestinationChina$137B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Australia than Bhutan included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

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

Comparative Advantage Australia - Bhutan

Flow
Scale

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

During 2023, Australia had a large net trade with Bhutan in the exports of Machines ($2.07M), Instruments ($33k), and Animal Products ($29.2k).

During 2018, Bhutan had a large net trade with Australia in the exports of Machines ($13.3k), Textiles ($11.7k), and Chemical Products ($10.6k).

Economic Complexity

Competitive Landscape

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

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

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