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2022
Flag → Flag
Exports $69.6kRnk 23 / 73
2022
Flag → Flag
Top Product $62.8kEssential Oils
2022
Flag → Flag
Exports $4.35MRnk 175 / 222
2022
Flag → Flag
Top Product $4.17MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Bhutan-Belgium Trade: In 2022, Bhutan exported $69.6k to Belgium. The main products that Bhutan exported to Belgium were Essential Oils ($62.8k), LCDs ($4.86k), and Glands and Other Organs ($611). Over the past 5 years the exports of Bhutan to Belgium have increased at an annualized rate of 55.8%, from $7.57k in 2017 to $69.6k in 2022.

In 2022, Bhutan did not export any services to Belgium.

Belgium-Bhutan Trade: In 2022, Belgium exported $4.35M to Bhutan. The main products that Belgium exported to Bhutan were Vaccines, blood, antisera, toxins and cultures ($4.17M), Other Electrical Machinery ($91.8k), and X-Ray Equipment ($48.4k). Over the past 5 years the exports of Belgium to Bhutan have increased at an annualized rate of 81.6%,  from $220k in 2017 to $4.35M in 2022.

In 2022, Belgium did not export any services to Bhutan.

Comparison In 2022,  Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $69.6k to Belgium. The main products exported from Bhutan to Belgium were Essential Oils ($62.8k), LCDs ($4.86k), and Glands and Other Organs ($611). During the last 5 years the exports of Bhutan to Belgium have increased at an annualized rate of 55.8%, from $7.57k in 2017 to $69.6k in 2022.

In 2017, Belgium exported $4.35M to Bhutan. The main products exported from Belgium to Bhutan were Vaccines, blood, antisera, toxins and cultures ($4.17M), Other Electrical Machinery ($91.8k), and X-Ray Equipment ($48.4k). During the last 5 years the exports of Belgium to Bhutan have increased at an annualized rate of 81.6%, from $220k in 2022 to $4.35M in 2017.

Exports from Bhutan (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Bhutan (Flag) (2022)

Latest Data

Trade between Bhutan (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$343M
Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Bhutan than from Belgium.

In 2022, countries that imported more from Belgium than Bhutan included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - Belgium

Flow
Scale

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

During 2022, Bhutan had a large net trade with Belgium in the exports of Chemical Products ($63.9k), Instruments ($4.86k), and Textiles ($361).

During 2017, Belgium had a large net trade with Bhutan in the exports of Chemical Products ($4.17M), Machines ($130k), and Instruments ($48.4k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and Belgium (Flag) (2022)

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