Bhutan (BTN) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Bhutan-Serbia Trade: In 2023, Bhutan exported $1.35k to Serbia. The main products that Bhutan exported to Serbia were Raw Sugar ($1.17k) and Metal Insulating Fittings ($180). Over the past 9 years the exports of Bhutan to Serbia have decreased at an annualized rate of 30.8%, from $36.9k in 2014 to $1.35k in 2023.

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

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

In 2009, Serbia exported services to Bhutan worth $5.39k, with Personal, cultural, and recreational services ($4.91k) and Workers' remittances ($486) being the largest in terms of value.

Comparison In 2023, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bhutan exported $1.35k to Serbia. The main products exported from Bhutan to Serbia were Raw Sugar ($1.17k) and Metal Insulating Fittings ($180). During the last 9 years the exports of Bhutan to Serbia have decreased at an annualized rate of 30.8%, from $36.9k in 2014 to $1.35k in 2023.

Serbia does not register exports to Bhutan.

Exports from Bhutan () to Serbia () (2023)

Exports from Serbia () to Bhutan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$421M

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Bhutan than Serbia included India ($421M) and Malawi ($47k).

In 2023, countries that imported more from Serbia than Bhutan included Germany ($4.76B), Hungary ($2.26B), and Bosnia and Herzegovina ($1.77B).

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

Comparative Advantage Bhutan - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bhutan had a large net trade with Serbia in the exports of Foodstuffs ($1.17k) and Machines ($180).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Serbia () (2023)

Exports from Serbia () to Bhutan () (2023)

Market Competitiveness

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

Comparative Advantage Bhutan - Serbia

Economic Complexity

Competitive Landscape

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

Keep Exploring