Bhutan (BTN) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Bhutan-North Macedonia Trade: In 2021, Bhutan exported $121 to North Macedonia. The main products that Bhutan exported to North Macedonia were N/A. Over the past 10 years the exports of Bhutan to North Macedonia have decreased at an annualized rate of 23.4%, from $1.73k in 2011 to $121 in 2021.

In 2021, Bhutan did not export any services to North Macedonia.

North Macedonia-Bhutan In false, North Macedonia did not export any products to Bhutan.

In 2021, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Bhutan exported $121 to North Macedonia. There were not main exports from Bhutan to North Macedonia in 2021. During the last 10 years the exports of Bhutan to North Macedonia have decreased at an annualized rate of 23.4%, from $1.73k in 2011 to $121 in 2021.

North Macedonia does not register exports to Bhutan.

Exports from Bhutan () to North Macedonia () (2021)

Exports from North Macedonia () to Bhutan () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Bhutan than North Macedonia included India ($343M), Nepal ($7.44M), and Colombia ($7.42M).

In 2022, countries that imported more from North Macedonia than Bhutan included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Bhutan () (2022)

Comparative Advantage Bhutan - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Bhutan had a large net trade with North Macedonia in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to North Macedonia () (2021)

Exports from North Macedonia () to Bhutan () (2021)

Market Competitiveness

Difference in imports from North Macedonia () and Bhutan () (2022)

Comparative Advantage Bhutan - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bhutan () and North Macedonia () (2021)

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