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2023
Flag → Flag
Exports $4.63MRnk 188 / 220
2023
Flag → Flag
Top Product $762kVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $866kRnk 11 / 77
2023
Flag → Flag
Top Product $755kFerroalloys
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Germany-Bhutan Trade: In 2023, Germany exported $4.63M to Bhutan. The main products that Germany exported to Bhutan were Vaccines, blood, antisera, toxins and cultures ($762k), Other Printed Material ($480k), and Medical Instruments ($410k). Over the past 5 years the exports of Germany to Bhutan have increased at an annualized rate of 17.3%, from $2.08M in 2018 to $4.63M in 2023.

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

Bhutan-Germany Trade: In 2023, Bhutan exported $866k to Germany. The main products that Bhutan exported to Germany were Ferroalloys ($755k), Audio Alarms ($54.1k), and Other Furniture ($11k). Over the past 5 years the exports of Bhutan to Germany have decreased at an annualized rate of 13.5%,  from $8.85M in 2018 to $866k in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €159k and imported €3k from Bhutan, resulting in a positive trade balance of €156k. Between November 2023 and November 2024 the exports of Germany have decreased by €-307k (-65.9%) from €466k to €159k, while imports decreased by €-133k (-97.8%) from €136k to €3k.

Trade In November 2024, the top exports of Germany to Bhutan were Other textile products (€117k), Plastics (€78k), Pharmaceutical products (€41k), Medical, surgical equipment, orthopaedic apparatus (€30k), and Paints, varnishes and puttys (€24k). In November 2024 the top imports of Germany from Bhutan were Other electric machinery, apparatus and appliances (€50k), Returned goods (€7k), Other machinery (€2k), Other end products (€2k), and Low value consignments Extra-EU trade (€0).

Origins In November 2024 the exports of Germany were mainly from Baden-Württemberg (€45k), North Rhine-Westphalia (€43k), Mecklenburg-Vorpommern (€30k), Bavaria (€4k), and Hamburg (€0), while imports destinations were mainly North Rhine-Westphalia (€2k) and Bavaria (€1k).

Growth In November 2024, the decrease in Germany's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in Optical instruments and photographic equipment (€-4k or -36.4%) and Medical, surgical equipment, orthopaedic apparatus (€-3k or -9.09%). In November 2024, the decrease in Germany's year-by-year imports  from Bhutan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-307k(-65.9%)
IMPORT GROWTH (November 2023 - November 2024)€-133k(-97.8%)
MAIN EXPORTER (November 2024)Baden-Württemberg€45k

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Bhutan and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $4.63M to Bhutan. The main products exported from Germany to Bhutan were Vaccines, blood, antisera, toxins and cultures ($762k), Other Printed Material ($480k), and Medical Instruments ($410k). During the last 5 years the exports of Germany to Bhutan have increased at an annualized rate of 17.3%, from $2.08M in 2018 to $4.63M in 2023.

In 2018, Bhutan exported $866k to Germany. The main products exported from Bhutan to Germany were Ferroalloys ($755k), Audio Alarms ($54.1k), and Other Furniture ($11k). During the last 5 years the exports of Bhutan to Germany have decreased at an annualized rate of 13.5%, from $8.85M in 2023 to $866k in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Germany than Bhutan included United States ($157B), France ($118B), and Netherlands ($108B).

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

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

Comparative Advantage Germany - Bhutan

Flow
Scale

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

During 2023, Germany had a large net trade with Bhutan in the exports of Machines ($1.37M), Instruments ($972k), and Chemical Products ($801k).

During 2018, Bhutan had a large net trade with Germany in the exports of Metals ($758k), Machines ($66.1k), and Miscellaneous ($13k).

Economic Complexity

Competitive Landscape

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

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

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