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2022
Flag → Flag
Exports $18.5MRnk 2 / 73
2022
Flag → Flag
Top Product $18.4MFerroalloys
2022
Flag → Flag
Exports $2.11MRnk 194 / 221
2022
Flag → Flag
Top Product $875kOther Iron Products
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Bhutan-Italy Trade: In 2022, Bhutan exported $18.5M to Italy. The main products that Bhutan exported to Italy were Ferroalloys ($18.4M) and Audio Alarms ($28.3k). Over the past 5 years the exports of Bhutan to Italy have increased at an annualized rate of 37.1%, from $3.81M in 2017 to $18.5M in 2022.

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

Italy-Bhutan Trade: In 2022, Italy exported $2.11M to Bhutan. The main products that Italy exported to Bhutan were Other Iron Products ($875k), Tufted Carpets ($508k), and Woodworking machines ($78.1k). Over the past 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 0.072%,  from $2.12M in 2017 to $2.11M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $18.5M to Italy. The main products exported from Bhutan to Italy were Ferroalloys ($18.4M) and Audio Alarms ($28.3k). During the last 5 years the exports of Bhutan to Italy have increased at an annualized rate of 37.1%, from $3.81M in 2017 to $18.5M in 2022.

In 2017, Italy exported $2.11M to Bhutan. The main products exported from Italy to Bhutan were Other Iron Products ($875k), Tufted Carpets ($508k), and Woodworking machines ($78.1k). During the last 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 0.072%, from $2.12M in 2022 to $2.11M in 2017.

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

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

Latest Data

Trade between Bhutan (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$343M
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Italy than Bhutan included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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 2022, Bhutan had a large net trade with Italy in the exports of Metals ($18.4M) and Machines ($28.3k).

During 2017, Italy had a large net trade with Bhutan in the exports of Metals ($940k), Textiles ($626k), and Machines ($266k).

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) (2022)

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