Germany (DEU) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

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Germany-Bhutan Trade: In 2022, Germany exported $4.77M to Bhutan. The main products that Germany exported to Bhutan were Centrifuges ($1.01M), Vaccines, blood, antisera, toxins and cultures ($567k), and Tufted Carpets ($357k). Over the past 5 years the exports of Germany to Bhutan have increased at an annualized rate of 14%, from $2.48M in 2017 to $4.77M in 2022.

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

Bhutan-Germany Trade: 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). Over the past 5 years the exports of Bhutan to Germany have decreased at an annualized rate of 32.3%, from $4.7M in 2017 to $668k in 2022.

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

Comparison In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), 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

August, 2024

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Overview In August 2024, Germany exported €99k and imported €3k from Bhutan, resulting in a positive trade balance of €96k. Between August 2023 and August 2024 the exports of Germany have increased by €61k (161%) from €38k to €99k, while imports increased by €1k (50%) from €2k to €3k.

Trade In August 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 August 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 August 2024 the exports of Germany were mainly from Hesse (€83k), Bavaria (€14k), and Baden-Württemberg (€1k), while imports destinations were mainly Bavaria (€3k), Hesse (€0), and North Rhine-Westphalia (€0).

Growth In August 2024, the increase in Germany's year-by-year exports to Bhutan was explained primarily by an increase in product exports in Measuring and automatical control instruments (€1k or 33.3%). In August 2024, the increase in Germany's year-by-year imports from Bhutan was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€61k(161%)

IMPORT GROWTH (August 2023 - August 2024)€1k(50%)

MAIN EXPORTER (August 2024)Hesse€83k

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Germany to Bhutan have increased at an annualized rate of 14%, from $2.48M in 2017 to $4.77M in 2022.

In 2017, 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 5 years the exports of Bhutan to Germany have decreased at an annualized rate of 32.3%, from $4.7M in 2022 to $668k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2022, countries that imported more from Germany than Bhutan included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2017, 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

Year

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.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Germany - Bhutan

Economic Complexity

Competitive Landscape

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

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