Flag Italy / Bhutan Flag

2020
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Exports
: $1.96M, Rnk 190 / 213

2020
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Top Product
: $657k, Other Iron Products

2020
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Exports
: $4.88M, Rnk 2 / 63

2020
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Top Product
: $4.88M, Ferroalloys

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 204

2010-2020
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GDP GROWTH
: -11.4%, CURRENT US$
Rnk 186 / 204

2020
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 GDP
: $2.32B, CURRENT US$
Rnk 176 / 204

2010-2020
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GDP GROWTH
: 49.6%, CURRENT US$
Rnk 59 / 204

2020
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GDP PC 
: $31,835, CURRENT US$
Rnk 36 / 204

2010-2020
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GDP PC GROWTH
: -11.7%, CURRENT US$
Rnk 172 / 204

2020
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GDP PC
: $3,001, CURRENT US$
Rnk 146 / 204

2010-2020
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GDP PC GROWTH
: 32.9%, CURRENT US$
Rnk 54 / 204

Italy-Bhutan In 2020, Italy exported $1.96M to Bhutan. The main products that Italy exported to Bhutan are Other Iron Products ($657k), Industrial Furnaces ($616k), and Woodworking machines ($144k). During the last 25 years the exports of Italy to Bhutan have increased at an annualized rate of 17.4%, from $35.7k in 1995 to $1.96M in 2020.

In 2020, Italy did not export any services to Bhutan.

Bhutan-Italy In 2020, Bhutan exported $4.88M to Italy. The main products that Bhutan exported to Italy were Ferroalloys ($4.88M). During the last 25 years the exports of Bhutan to Italy have increased at an annualized rate of 22.8%, from $28.9k in 1995 to $4.88M in 2020.

In 2020, Bhutan did not export any services to Italy.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3),  and 7 in total exports ($481B). That same year, Bhutan ranked 178 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $1.96M to Bhutan. The main products exported from Italy to Bhutan were Other Iron Products ($657k), Industrial Furnaces ($616k), and Woodworking machines ($144k). During the last 25 years the exports of Italy to Bhutan have increased at an annualized rate of 17.4%, from $35.7k in 1995 to $1.96M in 2020.

In 2020, Bhutan exported $4.88M to Italy. The main products exported from Bhutan to Italy were Ferroalloys ($4.88M). During the last 22 years the exports of Bhutan to Italy have increased at an annualized rate of 22.8%, from $28.9k in 1998 to $4.88M in 2020.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Bhutan
Top Destination
: India, $173M

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

In 2019, countries that imported more from Italy than Bhutan were Germany ($62.1B), France ($49.5B), and United States ($47.9B).

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

Comparative Advantage Italy - Bhutan

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Flow
Scale

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

During 2020, Italy had a large net trade with Bhutan in the exports of Machines ($960k), Metals ($674k), and Footwear and Headwear ($150k).

During 2020, Bhutan had a large net trade with Italy in the exports of Metals ($4.88M).

Economic Complexity

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Competitive Landscape

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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 Italy has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Italy.