Bhutan (BTN) and Peru (PER) Trade | The Observatory of Economic Complexity

About

Bhutan-Peru Trade: In 2023, Bhutan exported $656 to Peru. The main products that Bhutan exported to Peru were Valves ($337), Low-voltage Protection Equipment ($314), and Other Iron Products ($5). Over the past 5 years the exports of Bhutan to Peru have decreased at an annualized rate of 45.1%, from $13.2k in 2018 to $656 in 2023.

In 2023, Bhutan did not export any services to Peru.

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

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bhutan exported $656 to Peru. The main products exported from Bhutan to Peru were Valves ($337), Low-voltage Protection Equipment ($314), and Other Iron Products ($5). During the last 5 years the exports of Bhutan to Peru have decreased at an annualized rate of 45.1%, from $13.2k in 2018 to $656 in 2023.

Peru does not register exports to Bhutan.

Exports from Bhutan () to Peru () (2023)

Exports from Peru () to Bhutan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$421M

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Bhutan than Peru included Malawi ($47k) and Eswatini ($1.02k).

In 2023, countries that imported more from Peru than Bhutan included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru () and Bhutan () (2023)

Comparative Advantage Bhutan - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bhutan had a large net trade with Peru in the exports of Machines ($651) and Metals ($5).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Peru () (2023)

Exports from Peru () to Bhutan () (2023)

Market Competitiveness

Difference in imports from Peru () and Bhutan () (2023)

Comparative Advantage Bhutan - Peru

Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Peru () (2023)

Keep Exploring