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2023
Flag → Flag
Exports $2.9MRnk 3 / 77
2023
Flag → Flag
Top Product $2.89MFerroalloys
2023
Flag → Flag
Exports $8.48MRnk 158 / 213
2023
Flag → Flag
Top Product $6.65MOther Electrical Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Bhutan-Indonesia Trade: In 2023, Bhutan exported $2.9M to Indonesia. The main products that Bhutan exported to Indonesia were Ferroalloys ($2.89M), Valves ($7.9k), and Liquid Pumps ($569). Over the past 5 years the exports of Bhutan to Indonesia have increased at an annualized rate of 217%, from $9.1k in 2018 to $2.9M in 2023.

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

Indonesia-Bhutan Trade: In 2023, Indonesia exported $8.48M to Bhutan. The main products that Indonesia exported to Bhutan were Other Electrical Machinery ($6.65M), Insulated Wire ($1.79M), and Other Nuts ($13.5k). Over the past 5 years the exports of Indonesia to Bhutan have increased at an annualized rate of 39.4%,  from $1.16M in 2018 to $8.48M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $2.9M to Indonesia. The main products exported from Bhutan to Indonesia were Ferroalloys ($2.89M), Valves ($7.9k), and Liquid Pumps ($569). During the last 5 years the exports of Bhutan to Indonesia have increased at an annualized rate of 217%, from $9.1k in 2018 to $2.9M in 2023.

In 2018, Indonesia exported $8.48M to Bhutan. The main products exported from Indonesia to Bhutan were Other Electrical Machinery ($6.65M), Insulated Wire ($1.79M), and Other Nuts ($13.5k). During the last 5 years the exports of Indonesia to Bhutan have increased at an annualized rate of 39.4%, from $1.16M in 2023 to $8.48M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Indonesia
Top DestinationChina$70.7B

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

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

In 2023, countries that imported more from Indonesia than Bhutan included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

Comparative Advantage Bhutan - Indonesia

Flow
Scale

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

During 2023, Bhutan had a large net trade with Indonesia in the exports of Metals ($2.89M), Machines ($9.45k), and Textiles ($154).

During 2018, Indonesia had a large net trade with Bhutan in the exports of Machines ($8.44M), Vegetable Products ($13.5k), and Stone And Glass ($11.4k).

Economic Complexity

Competitive Landscape

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

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

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