2023
Flag
 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Bhutan-New Zealand Trade: In 2023, Bhutan exported $41 to New Zealand. The main products that Bhutan exported to New Zealand were Boat Propellers ($41). Over the past 5 years the exports of Bhutan to New Zealand have decreased at an annualized rate of 57.5%, from $2.95k in 2018 to $41 in 2023.

In 2023, Bhutan did not export any services to New Zealand.

New Zealand-Bhutan Trade: In 2023, New Zealand exported $139k to Bhutan. The main products that New Zealand exported to Bhutan were Therapeutic Appliances ($130k), Documents of title (bonds etc) and unused stamps ($6.71k), and Surveying Equipment ($1.75k). Over the past 5 years the exports of New Zealand to Bhutan have decreased at an annualized rate of 25.9%,  from $618k in 2018 to $139k in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $41 to New Zealand. The main products exported from Bhutan to New Zealand were Boat Propellers ($41). During the last 5 years the exports of Bhutan to New Zealand have decreased at an annualized rate of 57.5%, from $2.95k in 2018 to $41 in 2023.

In 2018, New Zealand exported $139k to Bhutan. The main products exported from New Zealand to Bhutan were Therapeutic Appliances ($130k), Documents of title (bonds etc) and unused stamps ($6.71k), and Surveying Equipment ($1.75k). During the last 5 years the exports of New Zealand to Bhutan have decreased at an annualized rate of 25.9%, from $618k in 2023 to $139k in 2018.

Exports from Bhutan (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Bhutan (Flag) (2023)

Latest Data

Trade between Bhutan (Flag) and New Zealand (Flag)

New Zealand Exports

Market Competitiveness

Color
Bhutan
Top Destination
India$421M
New Zealand
Top Destination
China$12.3B

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

In 2023, countries that imported more from Bhutan than New Zealand included India ($421M).

In 2023, countries that imported more from New Zealand than Bhutan included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand (Flag) and Bhutan (Flag) (2023)

Comparative Advantage Bhutan - New Zealand

Flow
Scale

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

During 2023, Bhutan had a large net trade with New Zealand in the exports of Machines ($41).

During 2018, New Zealand had a large net trade with Bhutan in the exports of Instruments ($132k) and Paper Goods ($6.71k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and New Zealand (Flag) (2023)

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