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2023
Flag → Flag
Exports $49.1kRnk 20 / 77
2023
Flag → Flag
Top Product $8.61kOther Nuts
2023
Flag → Flag
Exports $2.19MRnk 166 / 211
2023
Flag → Flag
Top Product $1.1MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Bhutan-Australia Trade: In 2023, Bhutan exported $49.1k to Australia. The main products that Bhutan exported to Australia were Other Nuts ($8.61k), Essential Oils ($7.31k), and Insulated Wire ($5.6k). Over the past 5 years the exports of Bhutan to Australia have decreased at an annualized rate of 49.4%, from $1.48M in 2018 to $49.1k in 2023.

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

Australia-Bhutan Trade: In 2023, Australia exported $2.19M to Bhutan. The main products that Australia exported to Bhutan were Broadcasting Equipment ($1.1M), Video Displays ($402k), and Telephones ($314k). Over the past 5 years the exports of Australia to Bhutan have increased at an annualized rate of 56.8%,  from $231k in 2018 to $2.19M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $49.1k to Australia. The main products exported from Bhutan to Australia were Other Nuts ($8.61k), Essential Oils ($7.31k), and Insulated Wire ($5.6k). During the last 5 years the exports of Bhutan to Australia have decreased at an annualized rate of 49.4%, from $1.48M in 2018 to $49.1k in 2023.

In 2018, Australia exported $2.19M to Bhutan. The main products exported from Australia to Bhutan were Broadcasting Equipment ($1.1M), Video Displays ($402k), and Telephones ($314k). During the last 5 years the exports of Australia to Bhutan have increased at an annualized rate of 56.8%, from $231k in 2023 to $2.19M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Bhutan included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Bhutan - Australia

Flow
Scale

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

During 2023, Bhutan had a large net trade with Australia in the exports of Machines ($13.3k), Textiles ($11.7k), and Chemical Products ($10.6k).

During 2018, Australia had a large net trade with Bhutan in the exports of Machines ($2.07M), Instruments ($33k), and Animal Products ($29.2k).

Economic Complexity

Competitive Landscape

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

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

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