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2022
Flag → Flag
Exports $402kRnk 13 / 73
2022
Flag → Flag
Top Product $391kFerroalloys
2022
Flag → Flag
Exports $71.8kRnk 210 / 218
2022
Flag → Flag
Top Product $56.3kOther Edible Preparations
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Bhutan-Spain Trade: In 2022, Bhutan exported $402k to Spain. The main products that Bhutan exported to Spain were Ferroalloys ($391k), Other Furniture ($2.98k), and Centrifuges ($2.43k). Over the past 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 19.2%, from $1.17M in 2017 to $402k in 2022.

In 2022, Bhutan did not export any services to Spain.

Spain-Bhutan Trade: In 2022, Spain exported $71.8k to Bhutan. The main products that Spain exported to Bhutan were Other Edible Preparations ($56.3k), Sports Equipment ($14.2k), and Tanned Equine and Bovine Hides ($842). Over the past 5 years the exports of Spain to Bhutan have decreased at an annualized rate of 21.1%,  from $297k in 2017 to $71.8k in 2022.

In 2022, Spain did not export any services to Bhutan.

Comparison In 2022,  Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $402k to Spain. The main products exported from Bhutan to Spain were Ferroalloys ($391k), Other Furniture ($2.98k), and Centrifuges ($2.43k). During the last 5 years the exports of Bhutan to Spain have decreased at an annualized rate of 19.2%, from $1.17M in 2017 to $402k in 2022.

In 2017, Spain exported $71.8k to Bhutan. The main products exported from Spain to Bhutan were Other Edible Preparations ($56.3k), Sports Equipment ($14.2k), and Tanned Equine and Bovine Hides ($842). During the last 5 years the exports of Spain to Bhutan have decreased at an annualized rate of 21.1%, from $297k in 2022 to $71.8k in 2017.

Exports from Bhutan (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Bhutan (Flag) (2022)

Latest Data

Trade between Bhutan (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$343M
Spain
Top DestinationFrance$65.2B

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

In 2022, no countries were registered that imported more from Bhutan than from Spain.

In 2022, countries that imported more from Spain than Bhutan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - Spain

Flow
Scale

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

During 2022, Bhutan had a large net trade with Spain in the exports of Metals ($391k), Machines ($4.77k), and Miscellaneous ($2.98k).

During 2017, Spain had a large net trade with Bhutan in the exports of Foodstuffs ($56.3k), Miscellaneous ($14.2k), and Animal Hides ($1.26k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and Spain (Flag) (2022)

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