2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

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
Value

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 (Flag) to North Macedonia (Flag) (2021)

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

Market Competitiveness

Color
Bhutan
Top Destination
India$343M
North Macedonia
Top Destination
Germany$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 (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - North Macedonia

Flow
Scale

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 .

Economic Complexity

Competitive Landscape

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.

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

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