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Pricing

2022
Flag → Flag
Exports $71.8kRnk 210 / 218
2022
Flag → Flag
Exports $402kRnk 13 / 73
2022
Flag → Flag
Top Product $391kFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Bhutan Trade: In 2022, Spain exported $71.8k to Bhutan. The main products that Spain exported to Bhutan were N/A. Over the past 5 years the exports of Spain to Bhutan have decreased at an annualized rate of 24.7%, from $297k in 2017 to $71.8k in 2022.

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

Bhutan-Spain Trade: In 2022, Bhutan exported $402k to Spain. The main products that Bhutan exported to Spain were Ferroalloys ($391k), Other Furniture ($2.98k), and Centrifuges ($2.43k). Over the past 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 14.1%,  from $1.17M in 2017 to $402k in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €84.9 and imported €425 from Bhutan, resulting in a negative trade balance of €340. Between June 2023 and June 2024 the exports of Spain have decreased by €-408k (-100%) from €408k to €84.9, while imports decreased by €-386 (-47.6%) from €811 to €425.

Trade In June 2024, the top exports of Spain to Bhutan were Commodities not elsewhere specified (€75.8) and Knit Sweaters (€59.9). In June 2024 the top imports of Spain from Bhutan were Ferroalloys (€183k).

Origins In June 2024 the exports of Spain were mainly from N/A, while imports destinations were mainly Madrid (€425).

Growth In June 2024, the decrease in Spain's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in . In October 2024, the decrease in Spain's year-by-year imports  from Bhutan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-408k(-100%)
IMPORT GROWTH (October 2023 - October 2024)€-386(-47.6%)

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

To check Bhutan and Spain 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, Spain exported $71.8k to Bhutan. There were not main exports from Spain to Bhutan in 2022. During the last 5 years the exports of Spain to Bhutan have decreased at an annualized rate of 24.7%, from $297k in 2017 to $71.8k in 2022.

In 2017, Bhutan exported $402k to Spain. The main products exported from Bhutan to Spain were Ferroalloys ($391k), Other Furniture ($2.98k), and Centrifuges ($2.43k). During the last 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 14.1%, from $1.17M in 2022 to $402k in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bhutan
Top DestinationIndia$343M

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

In 2022, countries that imported more from Spain than Bhutan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Bhutan

Flow
Scale

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

During 2022, Spain had a large net trade with Bhutan in the exports of Foodstuffs ($56.3k), Miscellaneous ($14.2k), and Animal Hides ($1.26k).

During 2017, Bhutan had a large net trade with Spain in the exports of Metals ($391k), Machines ($4.77k), and Miscellaneous ($2.98k).

Economic Complexity

Competitive Landscape

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

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

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