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2023
Flag → Flag
Exports $613Rnk 58 / 77
2023
Flag → Flag
Top Product $186Binoculars and Telescopes
2023
Flag → Flag
Exports $48.3kRnk 176 / 197
2023
Flag → Flag
Top Product $48.3kSurveying Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
Flag
 GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
GDP PC$24,491CURRENT US$
Rnk 51 / 196
2013-2023
Flag
GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195

About

Bhutan-Slovakia Trade: In 2023, Bhutan exported $613 to Slovakia. The main products that Bhutan exported to Slovakia were Binoculars and Telescopes ($186), Chocolate ($124), and Broadcasting Equipment ($121). Over the past 5 years the exports of Bhutan to Slovakia have decreased at an annualized rate of 66.8%, from $151k in 2018 to $613 in 2023.

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

Slovakia-Bhutan Trade: In 2023, Slovakia exported $48.3k to Bhutan. The main products that Slovakia exported to Bhutan were Surveying Equipment ($48.3k). Over the past 5 years the exports of Slovakia to Bhutan have decreased at an annualized rate of 42.5%,  from $764k in 2018 to $48.3k in 2023.

In 2023, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $613 to Slovakia. The main products exported from Bhutan to Slovakia were Binoculars and Telescopes ($186), Chocolate ($124), and Broadcasting Equipment ($121). During the last 5 years the exports of Bhutan to Slovakia have decreased at an annualized rate of 66.8%, from $151k in 2018 to $613 in 2023.

In 2018, Slovakia exported $48.3k to Bhutan. The main products exported from Slovakia to Bhutan were Surveying Equipment ($48.3k). During the last 5 years the exports of Slovakia to Bhutan have decreased at an annualized rate of 42.5%, from $764k in 2023 to $48.3k in 2018.

Exports from Bhutan (Flag) to Slovakia (Flag) (2023)

Exports from Slovakia (Flag) to Bhutan (Flag) (2023)

Latest Data

Trade between Bhutan (Flag) and Slovakia (Flag)

Slovakia Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Slovakia
Top DestinationGermany$21.5B

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

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

In 2023, countries that imported more from Slovakia than Bhutan included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

Difference in imports from Slovakia (Flag) and Bhutan (Flag) (2023)

Comparative Advantage Bhutan - Slovakia

Flow
Scale

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

During 2023, Bhutan had a large net trade with Slovakia in the exports of Instruments ($186), Machines ($184), and Foodstuffs ($124).

During 2018, Slovakia had a large net trade with Bhutan in the exports of Instruments ($48.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and Slovakia (Flag) (2023)

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