Bhutan (BTN) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Bhutan-Colombia Trade: In 2022, Bhutan exported $7.42M to Colombia. The main products that Bhutan exported to Colombia were Vaccines, blood, antisera, toxins and cultures ($7.41M), Hydrometers ($2.36k), and Transmissions ($914). Over the past 5 years the exports of Bhutan to Colombia have increased at an annualized rate of 533%, from $728 in 2017 to $7.42M in 2022.

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

Colombia-Bhutan In N/A, Colombia did not export any products to Bhutan.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $7.42M to Colombia. The main products exported from Bhutan to Colombia were Vaccines, blood, antisera, toxins and cultures ($7.41M), Hydrometers ($2.36k), and Transmissions ($914). During the last 5 years the exports of Bhutan to Colombia have increased at an annualized rate of 533%, from $728 in 2017 to $7.42M in 2022.

Colombia does not register exports to Bhutan.

Exports from Bhutan () to Colombia () (2022)

Exports from Colombia () to Bhutan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Bhutan than Colombia included Nepal ($7.44M) and Malawi ($109k).

In 2022, countries that imported more from Colombia than Bhutan included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia () and Bhutan () (2022)

Comparative Advantage Bhutan - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Colombia in the exports of Chemical Products ($7.41M), Instruments ($2.36k), and Machines ($1.04k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Colombia () (2022)

Exports from Colombia () to Bhutan () (2022)

Market Competitiveness

Difference in imports from Colombia () and Bhutan () (2022)

Comparative Advantage Bhutan - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Colombia () (2022)

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