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

About

Bhutan-Serbia Trade: In 2022, Bhutan exported $83k to Serbia. The main products that Bhutan exported to Serbia were Ferroalloys ($83k). Over the past 9 years the exports of Bhutan to Serbia have increased at an annualized rate of 55.4%, from $1.57k in 2013 to $83k in 2022.

In 2022, 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 2022, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $83k to Serbia. The main products exported from Bhutan to Serbia were Ferroalloys ($83k). During the last 9 years the exports of Bhutan to Serbia have increased at an annualized rate of 55.4%, from $1.57k in 2013 to $83k in 2022.

Serbia does not register exports to Bhutan.

Exports from Bhutan () to Serbia () (2022)

Exports from Serbia () to Bhutan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Serbia
Top DestinationGermany$4B

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 2022, countries that imported more from Bhutan than Serbia included India ($343M), Nepal ($7.44M), and Colombia ($7.42M).

In 2022, countries that imported more from Serbia than Bhutan included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

Difference in imports from Serbia () and Bhutan () (2022)

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 2022, Bhutan had a large net trade with Serbia in the exports of Metals ($83k).

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 () (2022)

Exports from Serbia () to Bhutan () (2022)

Market Competitiveness

Difference in imports from Serbia () and Bhutan () (2022)

Comparative Advantage Bhutan - Serbia

Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Serbia () (2022)

Keep Exploring