2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Bhutan-Austria Trade: In 2023, Bhutan exported $946k to Austria. The main products that Bhutan exported to Austria were Ferroalloys ($713k), Other Inedible Animal Products ($159k), and Other Small Iron Pipes ($20.2k). Over the past 5 years the exports of Bhutan to Austria have increased at an annualized rate of 77.4%, from $53.9k in 2018 to $946k in 2023.

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

Austria-Bhutan Trade: In 2023, Austria exported $3.14M to Bhutan. The main products that Austria exported to Bhutan were Electrical Power Accessories ($947k), Other Heating Machinery ($604k), and Orthopedic Appliances ($217k). Over the past 5 years the exports of Austria to Bhutan have increased at an annualized rate of 30.7%,  from $824k in 2018 to $3.14M in 2023.

In 2023, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $946k to Austria. The main products exported from Bhutan to Austria were Ferroalloys ($713k), Other Inedible Animal Products ($159k), and Other Small Iron Pipes ($20.2k). During the last 5 years the exports of Bhutan to Austria have increased at an annualized rate of 77.4%, from $53.9k in 2018 to $946k in 2023.

In 2018, Austria exported $3.14M to Bhutan. The main products exported from Austria to Bhutan were Electrical Power Accessories ($947k), Other Heating Machinery ($604k), and Orthopedic Appliances ($217k). During the last 5 years the exports of Austria to Bhutan have increased at an annualized rate of 30.7%, from $824k in 2023 to $3.14M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Austria (Flag)

Austria Exports

Market Competitiveness

Color
Bhutan
Top Destination
India$421M
Austria
Top Destination
Germany$51B

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

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

In 2023, countries that imported more from Austria than Bhutan included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Bhutan - Austria

Flow
Scale

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

During 2023, Bhutan had a large net trade with Austria in the exports of Metals ($733k), Animal Products ($166k), and Foodstuffs ($16.6k).

During 2018, Austria had a large net trade with Bhutan in the exports of Machines ($2.7M), Instruments ($364k), and Chemical Products ($26.1k).

Economic Complexity

Competitive Landscape

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

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

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