Bhutan (BTN) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Bhutan-New Zealand Trade: In 2022, Bhutan exported $3.98k to New Zealand. The main products that Bhutan exported to New Zealand were Glues ($3.31k), Soil Preparation Machinery ($365), and Valves ($144). Over the past 5 years the exports of Bhutan to New Zealand have increased at an annualized rate of 210%, from $14 in 2017 to $3.98k in 2022.

In 2022, Bhutan did not export any services to New Zealand.

New Zealand-Bhutan Trade: In 2022, New Zealand exported $143k to Bhutan. The main products that New Zealand exported to Bhutan were Therapeutic Appliances ($76.1k), Other Measuring Instruments ($49.6k), and Revenue Stamps ($12.3k). Over the past 5 years the exports of New Zealand to Bhutan have decreased at an annualized rate of 32%, from $984k in 2017 to $143k in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $3.98k to New Zealand. The main products exported from Bhutan to New Zealand were Glues ($3.31k), Soil Preparation Machinery ($365), and Valves ($144). During the last 5 years the exports of Bhutan to New Zealand have increased at an annualized rate of 210%, from $14 in 2017 to $3.98k in 2022.

In 2017, New Zealand exported $143k to Bhutan. The main products exported from New Zealand to Bhutan were Therapeutic Appliances ($76.1k), Other Measuring Instruments ($49.6k), and Revenue Stamps ($12.3k). During the last 5 years the exports of New Zealand to Bhutan have decreased at an annualized rate of 32%, from $984k in 2022 to $143k in 2017.

Exports from Bhutan () to New Zealand () (2022)

Exports from New Zealand () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and New Zealand ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

New Zealand
Top DestinationChina$13.1B

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 2022, countries that imported more from Bhutan than New Zealand included Burundi ($11.5k).

In 2022, countries that imported more from New Zealand than Bhutan included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand () and Bhutan () (2022)

Comparative Advantage Bhutan - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with New Zealand in the exports of Chemical Products ($3.31k) and Machines ($669).

During 2017, New Zealand had a large net trade with Bhutan in the exports of Instruments ($127k), Arts and Antiques ($12.3k), and Paper Goods ($3.82k).

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to New Zealand () (2022)

Exports from New Zealand () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and New Zealand ()

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Bhutan () (2022)

Comparative Advantage Bhutan - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bhutan () and New Zealand () (2022)

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