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Pricing

2022
Flag → Flag
Exports $4.77MRnk 184 / 223
2022
Flag → Flag
Top Product $1.01MCentrifuges
2022
Flag → Flag
Exports $668kRnk 10 / 73
2022
Flag → Flag
Top Product $386kFerroalloys
2022
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Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Germany-Bhutan In 2022, Germany exported $4.77M to Bhutan. The main products that Germany exported to Bhutan are Centrifuges ($1.01M), Vaccines, blood, antisera, toxins and cultures ($567k), and Tufted Carpets ($357k). During the last 27 years the exports of Germany to Bhutan have increased at an annualized rate of 5.94%, from $1M in 1995 to $4.77M in 2022.

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

Bhutan-Germany In 2022, Bhutan exported $668k to Germany. The main products that Bhutan exported to Germany were Ferroalloys ($386k), Audio Alarms ($202k), and Sulfate Chemical Woodpulp ($16k). During the last 27 years the exports of Bhutan to Germany have increased at an annualized rate of 6.13%, from $134k in 1995 to $668k in 2022.

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

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75),  and 3 in total exports ($1.6T). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Germany exported €187k and imported €4k from Bhutan, resulting in a positive trade balance of €183k. Between January 2023 and January 2024 the exports of Germany have decreased by €-152k (-44.8%) from €339k to €187k, while imports decreased by €-57k (-93.4%) from €61k to €4k.

Trade In January 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 January 2024 the top imports of Germany from Bhutan were Other electric machinery, apparatus and appliances (€50k), Returned goods (€7k), Other machinery (€2k), and Other end products (€2k).

Origins In January 2024 the exports of Germany were mainly from Lower Saxony (€43k), North Rhine-Westphalia (€39k), Hamburg (€18k), Saxony-Anhalt (€8k), and Baden-Württemberg (€2k), while imports destinations were mainly Hamburg (€2k), North Rhine-Westphalia (€2k), Baden-Württemberg (€0), Lower Saxony (€0), and Saxony (€0).

Growth In January 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 January 2024, the decrease in Germany's year-by-year imports  from Bhutan was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€-152k(-44.8%)
IMPORT GROWTH (January 2023 - January 2024)€-57k(-93.4%)
MAIN EXPORTER (January 2024)Lower Saxony€43k

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.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $4.77M to Bhutan. The main products exported from Germany to Bhutan were Centrifuges ($1.01M), Vaccines, blood, antisera, toxins and cultures ($567k), and Tufted Carpets ($357k). During the last 27 years the exports of Germany to Bhutan have increased at an annualized rate of 5.94%, from $1M in 1995 to $4.77M in 2022.

In 2022, Bhutan exported $668k to Germany. The main products exported from Bhutan to Germany were Ferroalloys ($386k), Audio Alarms ($202k), and Sulfate Chemical Woodpulp ($16k). During the last 27 years the exports of Bhutan to Germany have increased at an annualized rate of 6.13%, from $134k in 1995 to $668k in 2022.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Bhutan
Top DestinationIndia$343M

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 2021, countries that imported more from Germany than Bhutan were United States ($153B), France ($120B), and China ($109B).

In 2019, no countries were registered that imported more from Bhutan than from Germany.

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

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 2022, Germany had a large net trade with Bhutan in the exports of Machines ($1.89M), Plastics and Rubbers ($659k), and Chemical Products ($585k).

During 2022, Bhutan had a large net trade with Germany in the exports of Metals ($387k), Machines ($218k), and Paper Goods ($16.1k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Germany.

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

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