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2023
Flag → Flag
Exports $1.94kRnk 42 / 77
2023
Flag → Flag
Top Product $923Ceramic Tableware
2023
Flag → Flag
Exports $39.6kRnk 190 / 201
2023
Flag → Flag
Top Product $17.8kChemical Analysis Instruments
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Bhutan-Hungary Trade: In 2023, Bhutan exported $1.94k to Hungary. The main products that Bhutan exported to Hungary were Ceramic Tableware ($923), Bells and Other Metal Ornaments ($484), and Chemical Analysis Instruments ($253). Over the past 10 years the exports of Bhutan to Hungary have increased at an annualized rate of 17.1%, from $400 in 2013 to $1.94k in 2023.

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

Hungary-Bhutan Trade: In 2023, Hungary exported $39.6k to Bhutan. The main products that Hungary exported to Bhutan were Chemical Analysis Instruments ($17.8k), Other Plastic Products ($15.7k), and Opto-Electric Instrument Parts ($4.49k). Over the past 10 years the exports of Hungary to Bhutan have increased at an annualized rate of 0.63%,  from $38.4k in 2013 to $39.6k in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $1.94k to Hungary. The main products exported from Bhutan to Hungary were Ceramic Tableware ($923), Bells and Other Metal Ornaments ($484), and Chemical Analysis Instruments ($253). During the last 10 years the exports of Bhutan to Hungary have increased at an annualized rate of 17.1%, from $400 in 2013 to $1.94k in 2023.

In 2018, Hungary exported $39.6k to Bhutan. The main products exported from Hungary to Bhutan were Chemical Analysis Instruments ($17.8k), Other Plastic Products ($15.7k), and Opto-Electric Instrument Parts ($4.49k). During the last 5 years the exports of Hungary to Bhutan have increased at an annualized rate of 0.63%, from $38.4k in 2023 to $39.6k in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Hungary
Top DestinationGermany$37.4B

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

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

In 2023, countries that imported more from Hungary than Bhutan included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Bhutan - Hungary

Flow
Scale

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

During 2023, Bhutan had a large net trade with Hungary in the exports of Stone And Glass ($923), Metals ($484), and Instruments ($305).

During 2018, Hungary had a large net trade with Bhutan in the exports of Instruments ($22.3k), Plastics and Rubbers ($15.8k), and Machines ($1.52k).

Economic Complexity

Competitive Landscape

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

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

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