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2023
Flag → Flag
Exports $25.4kRnk 217 / 220
2023
Flag → Flag
Top Product $19.1kOrthopedic Appliances
2023
Flag → Flag
Exports $2.55kRnk 37 / 77
2023
Flag → Flag
Top Product $2.1kBells and Other Metal Ornaments
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Belgium-Bhutan Trade: In 2023, Belgium exported $25.4k to Bhutan. The main products that Belgium exported to Bhutan were Orthopedic Appliances ($19.1k), Cutlery Sets ($2.65k), and Electrical Transformers ($2.56k). Over the past 5 years the exports of Belgium to Bhutan have decreased at an annualized rate of 46.1%, from $556k in 2018 to $25.4k in 2023.

In 2023, Belgium did not export any services to Bhutan.

Bhutan-Belgium Trade: In 2023, Bhutan exported $2.55k to Belgium. The main products that Bhutan exported to Belgium were Bells and Other Metal Ornaments ($2.1k), Non-Knit Men's Shirts ($194), and Non-Knit Women's Suits ($152). Over the past 5 years the exports of Bhutan to Belgium have decreased at an annualized rate of 58.4%,  from $205k in 2018 to $2.55k in 2023.

In 2023, Bhutan did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Belgium exported €N/A and imported €N/A from Bhutan, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Belgium to Bhutan were . In N/A the top imports of Belgium from Bhutan were .

Growth In N/A, the N/A in Belgium's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in . In N/A, the N/A in Belgium's year-by-year imports  from Bhutan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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

To check Bhutan and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bhutan and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $25.4k to Bhutan. The main products exported from Belgium to Bhutan were Orthopedic Appliances ($19.1k), Cutlery Sets ($2.65k), and Electrical Transformers ($2.56k). During the last 5 years the exports of Belgium to Bhutan have decreased at an annualized rate of 46.1%, from $556k in 2018 to $25.4k in 2023.

In 2018, Bhutan exported $2.55k to Belgium. The main products exported from Bhutan to Belgium were Bells and Other Metal Ornaments ($2.1k), Non-Knit Men's Shirts ($194), and Non-Knit Women's Suits ($152). During the last 5 years the exports of Bhutan to Belgium have decreased at an annualized rate of 58.4%, from $205k in 2023 to $2.55k in 2018.

Exports from Belgium (Flag) to Bhutan (Flag) (2023)

Exports from Bhutan (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Belgium than Bhutan included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Bhutan than from Belgium.

Difference in imports from Bhutan (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Bhutan

Flow
Scale

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

During 2023, Belgium had a large net trade with Bhutan in the exports of Instruments ($19.1k), Metals ($3.64k), and Machines ($2.56k).

During 2018, Bhutan had a large net trade with Belgium in the exports of Metals ($2.1k), Textiles ($372), and Vegetable Products ($46).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Bhutan (Flag) (2023)

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