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Pricing

2023
Flag → Flag
Exports $428kRnk 194 / 215
2023
Flag → Flag
Top Product $149kBroadcasting Accessories
2023
Flag → Flag
Exports $13.7kRnk 31 / 77
2023
Flag → Flag
Top Product $2.89kOther Engines
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Canada-Bhutan Trade: In 2023, Canada exported $428k to Bhutan. The main products that Canada exported to Bhutan were Broadcasting Accessories ($149k), Broadcasting Equipment ($138k), and Electrical Control Boards ($26.5k). Over the past 5 years the exports of Canada to Bhutan have increased at an annualized rate of 10.4%, from $260k in 2018 to $428k in 2023.

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

Bhutan-Canada Trade: In 2023, Bhutan exported $13.7k to Canada. The main products that Bhutan exported to Canada were Other Engines ($2.89k), Air Pumps ($2.77k), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.93k). Over the past 5 years the exports of Bhutan to Canada have decreased at an annualized rate of 31.8%,  from $92.7k in 2018 to $13.7k in 2023.

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

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Canada exported C$218k and imported C$507k from Bhutan, resulting in a negative trade balance of C$290k. Between October 2023 and October 2024 the exports of Canada have increased by C$208k (2.1k%) from C$9.89k to C$218k, while imports increased by C$505k (20.4k%) from C$2.47k to C$507k.

Trade In October 2024, the top exports of Canada to Bhutan were Cutting Blades (C$2.15k), Interchangeable Tool Parts (C$192), Metalworking Machine Parts (C$143), and Valves (C$33). In October 2024 the top imports of Canada from Bhutan were Other Engines (C$3.9k) and Insulated Wire (C$39).

Origins In October 2024 the exports of Canada were mainly from N/A, while imports destinations were mainly Ontario (C$326k), Quebec (C$177k), and British Columbia (C$3.53k).

Growth In October 2024, the increase in Canada's year-by-year exports to Bhutan was explained primarily by an increase in product exports in . In November 2024, the increase in Canada's year-by-year imports  from Bhutan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)C$208k(2.1k%)
IMPORT GROWTH (November 2023 - November 2024)C$505k(20.4k%)

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bhutan and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $428k to Bhutan. The main products exported from Canada to Bhutan were Broadcasting Accessories ($149k), Broadcasting Equipment ($138k), and Electrical Control Boards ($26.5k). During the last 5 years the exports of Canada to Bhutan have increased at an annualized rate of 10.4%, from $260k in 2018 to $428k in 2023.

In 2018, Bhutan exported $13.7k to Canada. The main products exported from Bhutan to Canada were Other Engines ($2.89k), Air Pumps ($2.77k), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.93k). During the last 5 years the exports of Bhutan to Canada have decreased at an annualized rate of 31.8%, from $92.7k in 2023 to $13.7k in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Canada than Bhutan included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, no countries were registered that imported more from Bhutan than from Canada.

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

Comparative Advantage Canada - Bhutan

Flow
Scale

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

During 2023, Canada had a large net trade with Bhutan in the exports of Machines ($383k), Instruments ($23.2k), and Metals ($16.1k).

During 2018, Bhutan had a large net trade with Canada in the exports of Machines ($8.25k), Transportation ($2.01k), and Textiles ($1.21k).

Economic Complexity

Competitive Landscape

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

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

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