2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Bhutan-Denmark Trade: In 2023, Bhutan exported $3.54k to Denmark. The main products that Bhutan exported to Denmark were Computers ($1.76k), Sculptures ($922), and Medical Instruments ($458). Over the past 8 years the exports of Bhutan to Denmark have increased at an annualized rate of 6.14%, from $2.2k in 2015 to $3.54k in 2023.

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

Denmark-Bhutan Trade: In 2023, Denmark exported $421k to Bhutan. The main products that Denmark exported to Bhutan were Broadcasting Equipment ($116k), Office Machine Parts ($100k), and Computers ($99.6k). Over the past 8 years the exports of Denmark to Bhutan have increased at an annualized rate of 11.7%,  from $242k in 2015 to $421k in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $3.54k to Denmark. The main products exported from Bhutan to Denmark were Computers ($1.76k), Sculptures ($922), and Medical Instruments ($458). During the last 8 years the exports of Bhutan to Denmark have increased at an annualized rate of 6.14%, from $2.2k in 2015 to $3.54k in 2023.

In 2018, Denmark exported $421k to Bhutan. The main products exported from Denmark to Bhutan were Broadcasting Equipment ($116k), Office Machine Parts ($100k), and Computers ($99.6k). During the last 5 years the exports of Denmark to Bhutan have increased at an annualized rate of 11.7%, from $242k in 2023 to $421k in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Denmark (Flag)

Denmark Exports

Market Competitiveness

Color
Bhutan
Top Destination
India$421M
Denmark
Top Destination
Germany$14.8B

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

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

In 2023, countries that imported more from Denmark than Bhutan included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Bhutan - Denmark

Flow
Scale

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

During 2023, Bhutan had a large net trade with Denmark in the exports of Machines ($1.76k), Arts and Antiques ($1.18k), and Instruments ($458).

During 2018, Denmark had a large net trade with Bhutan in the exports of Machines ($376k), Instruments ($24k), and Chemical Products ($10.4k).

Economic Complexity

Competitive Landscape

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

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

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