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2023
Flag → Flag
Exports $39.6kRnk 190 / 201
2023
Flag → Flag
Top Product $17.8kChemical Analysis Instruments
2023
Flag → Flag
Exports $1.94kRnk 42 / 77
2023
Flag → Flag
Top Product $923Ceramic Tableware
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Hungary-Bhutan Trade: In 2023, Hungary exported $39.6k to Bhutan. The main products that Hungary exported to Bhutan were Chemical Analysis Instruments ($17.8k), Other Plastic Products ($15.7k), and Opto-Electric Instrument Parts ($4.49k). Over the past 5 years the exports of Hungary to Bhutan have increased at an annualized rate of 0.63%, from $38.4k in 2018 to $39.6k in 2023.

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

Bhutan-Hungary Trade: In 2023, Bhutan exported $1.94k to Hungary. The main products that Bhutan exported to Hungary were Ceramic Tableware ($923), Bells and Other Metal Ornaments ($484), and Chemical Analysis Instruments ($253). Over the past 5 years the exports of Bhutan to Hungary have increased at an annualized rate of 5.1%,  from $481 in 2018 to $1.94k in 2023.

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

Comparison In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41),  and 35 in total exports ($150B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $39.6k to Bhutan. The main products exported from Hungary to Bhutan were Chemical Analysis Instruments ($17.8k), Other Plastic Products ($15.7k), and Opto-Electric Instrument Parts ($4.49k). During the last 5 years the exports of Hungary to Bhutan have increased at an annualized rate of 0.63%, from $38.4k in 2018 to $39.6k in 2023.

In 2018, Bhutan exported $1.94k to Hungary. The main products exported from Bhutan to Hungary were Ceramic Tableware ($923), Bells and Other Metal Ornaments ($484), and Chemical Analysis Instruments ($253). During the last 5 years the exports of Bhutan to Hungary have increased at an annualized rate of 5.1%, from $481 in 2023 to $1.94k in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Bhutan (Flag)

Hungary Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Hungary than Bhutan included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

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

Comparative Advantage Hungary - Bhutan

Flow
Scale

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

During 2023, Hungary had a large net trade with Bhutan in the exports of Instruments ($22.3k), Plastics and Rubbers ($15.8k), and Machines ($1.52k).

During 2018, Bhutan had a large net trade with Hungary in the exports of Stone And Glass ($923), Metals ($484), and Instruments ($305).

Economic Complexity

Competitive Landscape

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

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

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