2022
Flag
 GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186

About

In N/A, Bhutan did not export any services to Latvia.

Latvia-Bhutan In N/A, Latvia did not export any products to Bhutan.

In N/A, Latvia did not export any services to Bhutan.

Comparison In 2022,  Bhutan ranked 177 in total exports ($392M). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value
Year

Bhutan does not register exports to Latvia.

Latvia does not register exports to Bhutan.

Exports from Bhutan (Flag) to Latvia (Flag) (2016)

Exports from Latvia (Flag) to Bhutan (Flag) (2016)

Market Competitiveness

Color
Bhutan
Top Destination
India$343M
Latvia
Top Destination
Lithuania$4.09B

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

In 2022, countries that imported more from Bhutan than Latvia included India ($343M), Nepal ($7.44M), and Malawi ($109k).

In 2022, countries that imported more from Latvia than Bhutan included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

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

Comparative Advantage Bhutan - Latvia

Flow
Scale
Year

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

Economic Complexity

Competitive Landscape

Year

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

Product Space of Bhutan (Flag) and Latvia (Flag) (2016)

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