Bhutan (BTN) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Bhutan-Slovakia Trade: In 2022, Bhutan exported $387 to Slovakia. The main products that Bhutan exported to Slovakia were Ornamental Ceramics ($131), Other Musical Instruments ($128), and Shaving Products ($51). Over the past 6 years the exports of Bhutan to Slovakia have decreased at an annualized rate of 12.9%, from $888 in 2016 to $387 in 2022.

In 2022, Bhutan did not export any services to Slovakia.

Slovakia-Bhutan Trade: In 2022, Slovakia exported $744k to Bhutan. The main products that Slovakia exported to Bhutan were Centrifuges ($661k), Surveying Equipment ($58k), and Utility Meters ($24k). Over the past 6 years the exports of Slovakia to Bhutan have increased at an annualized rate of 33.3%, from $177k in 2016 to $744k in 2022.

In 2022, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $387 to Slovakia. The main products exported from Bhutan to Slovakia were Ornamental Ceramics ($131), Other Musical Instruments ($128), and Shaving Products ($51). During the last 6 years the exports of Bhutan to Slovakia have decreased at an annualized rate of 12.9%, from $888 in 2016 to $387 in 2022.

In 2017, Slovakia exported $744k to Bhutan. The main products exported from Slovakia to Bhutan were Centrifuges ($661k), Surveying Equipment ($58k), and Utility Meters ($24k). During the last 5 years the exports of Slovakia to Bhutan have increased at an annualized rate of 33.3%, from $177k in 2022 to $744k in 2017.

Exports from Bhutan () to Slovakia () (2022)

Exports from Slovakia () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Slovakia ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Slovakia than Bhutan included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Bhutan - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Slovakia in the exports of Stone And Glass ($131), Instruments ($128), and Chemical Products ($51).

During 2017, Slovakia had a large net trade with Bhutan in the exports of Machines ($661k) and Instruments ($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 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.

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Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Slovakia () (2022)

Exports from Slovakia () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Slovakia ()

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Bhutan - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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