Italy (ITA) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

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Italy-Bhutan Trade: In 2023, Italy exported $667k to Bhutan. The main products that Italy exported to Bhutan were Wine ($75.6k), Other Iron Products ($53.4k), and Low-voltage Protection Equipment ($49.6k). Over the past 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 15.1%, from $1.51M in 2018 to $667k in 2023.

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

Bhutan-Italy Trade: In 2023, Bhutan exported $17.4M to Italy. The main products that Bhutan exported to Italy were Ferroalloys ($17.3M), Audio Alarms ($53.9k), and Paintings ($1.24k). Over the past 5 years the exports of Bhutan to Italy have increased at an annualized rate of 10.3%, from $10.6M in 2018 to $17.4M in 2023.

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

Comparison In 2023, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Italy exported €N/A and imported €N/A from Bhutan, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Bhutan were . In N/A the top imports of Italy from Bhutan were .

Growth In N/A, the N/A in Italy's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Bhutan was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Italy exported $667k to Bhutan. The main products exported from Italy to Bhutan were Wine ($75.6k), Other Iron Products ($53.4k), and Low-voltage Protection Equipment ($49.6k). During the last 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 15.1%, from $1.51M in 2018 to $667k in 2023.

In 2018, Bhutan exported $17.4M to Italy. The main products exported from Bhutan to Italy were Ferroalloys ($17.3M), Audio Alarms ($53.9k), and Paintings ($1.24k). During the last 5 years the exports of Bhutan to Italy have increased at an annualized rate of 10.3%, from $10.6M in 2023 to $17.4M in 2018.

Exports from Italy () to Bhutan () (2023)

Exports from Bhutan () to Italy () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$71.4B

Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Italy than Bhutan included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Difference in imports from Bhutan () and Italy () (2023)

Comparative Advantage Italy - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Italy had a large net trade with Bhutan in the exports of Machines ($199k), Foodstuffs ($147k), and Metals ($81.7k).

During 2018, Bhutan had a large net trade with Italy in the exports of Metals ($17.3M), Machines ($53.9k), and Arts and Antiques ($1.24k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Bhutan () (2023)

Exports from Bhutan () to Italy () (2023)

Market Competitiveness

Difference in imports from Bhutan () and Italy () (2023)

Comparative Advantage Italy - Bhutan

Economic Complexity

Competitive Landscape

Product Space of Italy () and Bhutan () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Bhutan () (2023)

Exports from Bhutan () to Italy () (2023)

Market Competitiveness

Difference in imports from Bhutan () and Italy () (2023)

Comparative Advantage Italy - Bhutan

Economic Complexity

Competitive Landscape

Product Space of Italy () and Bhutan () (2023)

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