NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.55kRnk 37 / 77
2023
Flag → Flag
Top Product $2.1kBells and Other Metal Ornaments
2023
Flag → Flag
Exports $25.4kRnk 217 / 220
2023
Flag → Flag
Top Product $19.1kOrthopedic Appliances
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 / 196
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $2.55k in 2023.

In 2018, 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 2023 to $25.4k in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Bhutan - Belgium

Flow
Scale

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

During 2023, Bhutan had a large net trade with Belgium in the exports of Metals ($2.1k), Textiles ($372), and Vegetable Products ($46).

During 2018, Belgium had a large net trade with Bhutan in the exports of Instruments ($19.1k), Metals ($3.64k), and Machines ($2.56k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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