2022
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GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
13%CURRENT US$
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2022
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GDP PC 
$106,149CURRENT US$
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2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
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About

Norway-Bhutan In 2022, Norway exported $928k to Bhutan. The main products that Norway exported to Bhutan are Artificial Graphite ($695k), Electric Furnaces ($226k), and Computers ($4.49k). During the last 27 years the exports of Norway to Bhutan have increased at an annualized rate of 3.25%, from $391k in 1995 to $928k in 2022.

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

Bhutan-Norway In 2022, Bhutan exported $407 to Norway. The main products that Bhutan exported to Norway were N/A. During the last 27 years the exports of Bhutan to Norway have decreased at an annualized rate of 5.11%, from $1.68k in 1995 to $407 in 2022.

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

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58),  and 28 in total exports ($285B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $928k to Bhutan. The main products exported from Norway to Bhutan were Artificial Graphite ($695k), Electric Furnaces ($226k), and Computers ($4.49k). During the last 27 years the exports of Norway to Bhutan have increased at an annualized rate of 3.25%, from $391k in 1995 to $928k in 2022.

In 2021, Bhutan exported $407 to Norway. There were not main exports from Bhutan to Norway in 2021. During the last 24 years the exports of Bhutan to Norway have decreased at an annualized rate of 5.11%, from $1.68k in 1997 to $407 in 2021.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Bhutan
Top Destination
India$343M

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

In 2021, countries that imported more from Norway than Bhutan were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Bhutan than Norway were Nepal ($7.44M).

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

Comparative Advantage Norway - Bhutan

Flow
Scale

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

During 2022, Norway had a large net trade with Bhutan in the exports of Chemical Products ($695k) and Machines ($234k).

During 2021, Bhutan had a large net trade with Norway in the exports of .

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

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

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