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2023
Flag → Flag
Exports $1.44MRnk 7 / 77
2023
Flag → Flag
Top Product $1.44MFerroalloys
2023
Flag → Flag
Exports $1.05MRnk 198 / 220
2023
Flag → Flag
Top Product $442kOther Iron Products
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Bhutan-Spain Trade: In 2023, Bhutan exported $1.44M to Spain. The main products that Bhutan exported to Spain were Ferroalloys ($1.44M), Centrifuges ($2.55k), and Plastic Housewares ($2.31k). Over the past 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 10.9%, from $2.58M in 2018 to $1.44M in 2023.

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

Spain-Bhutan Trade: In 2023, Spain exported $1.05M to Bhutan. The main products that Spain exported to Bhutan were Other Iron Products ($442k), Other Heating Machinery ($365k), and Air Pumps ($73.5k). Over the past 5 years the exports of Spain to Bhutan have increased at an annualized rate of 20.3%,  from $417k in 2018 to $1.05M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $1.44M to Spain. The main products exported from Bhutan to Spain were Ferroalloys ($1.44M), Centrifuges ($2.55k), and Plastic Housewares ($2.31k). During the last 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 10.9%, from $2.58M in 2018 to $1.44M in 2023.

In 2018, Spain exported $1.05M to Bhutan. The main products exported from Spain to Bhutan were Other Iron Products ($442k), Other Heating Machinery ($365k), and Air Pumps ($73.5k). During the last 5 years the exports of Spain to Bhutan have increased at an annualized rate of 20.3%, from $417k in 2023 to $1.05M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Spain
Top DestinationFrance$61.9B

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

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

In 2023, countries that imported more from Spain than Bhutan included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Bhutan - Spain

Flow
Scale

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

During 2023, Bhutan had a large net trade with Spain in the exports of Metals ($1.44M), Machines ($2.55k), and Plastics and Rubbers ($2.31k).

During 2018, Spain had a large net trade with Bhutan in the exports of Machines ($559k), Metals ($442k), and Wood Products ($40.5k).

Economic Complexity

Competitive Landscape

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

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

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