2023
Flag
 GDP
$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH
119%CURRENT US$
Rnk 4 / 195

About

In N/A, Bhutan did not export any services to Armenia.

Armenia-Bhutan In false, Armenia did not export any products to Bhutan.

In N/A, Armenia did not export any services to Bhutan.

Comparison In 2023,  Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth
Value
Year

Bhutan does not register exports to Armenia. The main products exported from Bhutan to Armenia were Other Rubber Products ($14) and Fruit Juice ($7).

Armenia does not register exports to Bhutan.

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

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

Market Competitiveness

Color
Bhutan
Top Destination
India$421M
Armenia
Top Destination
Russia$3.38B

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

In 2023, countries that imported more from Bhutan than Armenia included India ($421M), Indonesia ($2.9M), and Brazil ($594k).

In 2023, countries that imported more from Armenia than Bhutan included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Bhutan - Armenia

Flow
Scale
Year

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

Economic Complexity

Competitive Landscape

Year

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with