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2022
Flag → Flag
Exports $2.11MRnk 194 / 221
2022
Flag → Flag
Top Product $875kOther Iron Products
2022
Flag → Flag
Exports $18.5MRnk 2 / 73
2022
Flag → Flag
Top Product $18.4MFerroalloys
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Italy-Bhutan Trade: In 2022, Italy exported $2.11M to Bhutan. The main products that Italy exported to Bhutan were Other Iron Products ($875k), Tufted Carpets ($508k), and Woodworking machines ($78.1k). Over the past 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 0.072%, from $2.12M in 2017 to $2.11M in 2022.

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

Bhutan-Italy Trade: In 2022, Bhutan exported $18.5M to Italy. The main products that Bhutan exported to Italy were Ferroalloys ($18.4M) and Audio Alarms ($28.3k). Over the past 5 years the exports of Bhutan to Italy have increased at an annualized rate of 37.1%,  from $3.81M in 2017 to $18.5M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

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 .

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Bhutan and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.11M to Bhutan. The main products exported from Italy to Bhutan were Other Iron Products ($875k), Tufted Carpets ($508k), and Woodworking machines ($78.1k). During the last 5 years the exports of Italy to Bhutan have decreased at an annualized rate of 0.072%, from $2.12M in 2017 to $2.11M in 2022.

In 2017, Bhutan exported $18.5M to Italy. The main products exported from Bhutan to Italy were Ferroalloys ($18.4M) and Audio Alarms ($28.3k). During the last 5 years the exports of Bhutan to Italy have increased at an annualized rate of 37.1%, from $3.81M in 2022 to $18.5M in 2017.

Exports from Italy (Flag) to Bhutan (Flag) (2022)

Exports from Bhutan (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bhutan
Top DestinationIndia$343M

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 2022, countries that imported more from Italy than Bhutan included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Bhutan than from Italy.

Difference in imports from Bhutan (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Bhutan

Flow
Scale

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

During 2022, Italy had a large net trade with Bhutan in the exports of Metals ($940k), Textiles ($626k), and Machines ($266k).

During 2017, Bhutan had a large net trade with Italy in the exports of Metals ($18.4M) and Machines ($28.3k).

Economic Complexity

Competitive Landscape

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.

Product Space of Italy (Flag) and Bhutan (Flag) (2022)

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