Nepal (NPL) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

About

Nepal-Bhutan Trade: In 2022, Nepal exported $3.99M to Bhutan. The main products that Nepal exported to Bhutan were N/A. Over the past 5 years the exports of Nepal to Bhutan have increased at an annualized rate of 49.3%, from $538k in 2017 to $3.99M in 2022.

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

Bhutan-Nepal Trade: In 2022, Bhutan exported $8.73M to Nepal. The main products that Bhutan exported to Nepal were N/A. Over the past 5 years the exports of Bhutan to Nepal have increased at an annualized rate of 1.11%, from $8.26M in 2017 to $8.73M in 2022.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B). That same year, Bhutan ranked 170 in total exports ($456M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $3.99M to Bhutan. There were not main exports from Nepal to Bhutan in 2022. During the last 5 years the exports of Nepal to Bhutan have increased at an annualized rate of 49.3%, from $538k in 2017 to $3.99M in 2022.

In 2017, Bhutan exported $8.73M to Nepal. There were not main exports from Bhutan to Nepal in 2017. During the last 5 years the exports of Bhutan to Nepal have increased at an annualized rate of 1.11%, from $8.26M in 2022 to $8.73M in 2017.

Exports from Nepal () to Bhutan () (2022)

Exports from Bhutan () to Nepal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Nepal than Bhutan included India ($811M), United States ($140M), and Germany ($38.8M).

In 2023, countries that imported more from Bhutan than Nepal included Italy ($17.4M), Indonesia ($2.9M), and Slovenia ($867k).

Difference in imports from Bhutan () and Nepal () (2023)

Comparative Advantage Nepal - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Bhutan in the exports of .

During 2017, Bhutan had a large net trade with Nepal in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Bhutan () (2022)

Exports from Bhutan () to Nepal () (2022)

Market Competitiveness

Difference in imports from Bhutan () and Nepal () (2023)

Comparative Advantage Nepal - Bhutan

Economic Complexity

Competitive Landscape

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

Keep Exploring