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Pricing

2022
Flag → Flag
Exports $4.35MRnk 175 / 222
2022
Flag → Flag
Top Product $4.17MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $69.6kRnk 23 / 73
2022
Flag → Flag
Top Product $62.8kEssential Oils
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-Bhutan Trade: In 2022, Belgium exported $4.35M to Bhutan. The main products that Belgium exported to Bhutan were Vaccines, blood, antisera, toxins and cultures ($4.17M), Other Electrical Machinery ($91.8k), and X-Ray Equipment ($48.4k). Over the past 5 years the exports of Belgium to Bhutan have increased at an annualized rate of 81.6%, from $220k in 2017 to $4.35M in 2022.

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

Bhutan-Belgium Trade: In 2022, Bhutan exported $69.6k to Belgium. The main products that Bhutan exported to Belgium were Essential Oils ($62.8k), LCDs ($4.86k), and Glands and Other Organs ($611). Over the past 5 years the exports of Bhutan to Belgium have increased at an annualized rate of 55.8%,  from $7.57k in 2017 to $69.6k in 2022.

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

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, Bhutan ranked 177 in total exports ($392M), 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 2022, Belgium exported $4.35M to Bhutan. The main products exported from Belgium to Bhutan were Vaccines, blood, antisera, toxins and cultures ($4.17M), Other Electrical Machinery ($91.8k), and X-Ray Equipment ($48.4k). During the last 5 years the exports of Belgium to Bhutan have increased at an annualized rate of 81.6%, from $220k in 2017 to $4.35M in 2022.

In 2017, Bhutan exported $69.6k to Belgium. The main products exported from Bhutan to Belgium were Essential Oils ($62.8k), LCDs ($4.86k), and Glands and Other Organs ($611). During the last 5 years the exports of Bhutan to Belgium have increased at an annualized rate of 55.8%, from $7.57k in 2022 to $69.6k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Bhutan
Top DestinationIndia$343M

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 2022, countries that imported more from Belgium than Bhutan included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

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

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 2022, Belgium had a large net trade with Bhutan in the exports of Chemical Products ($4.17M), Machines ($130k), and Instruments ($48.4k).

During 2017, Bhutan had a large net trade with Belgium in the exports of Chemical Products ($63.9k), Instruments ($4.86k), and Textiles ($361).

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) (2022)

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