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2023
Flag → Flag
Exports $1.45MRnk 203 / 211
2023
Flag → Flag
Top Product $230kMedical Instruments
2023
Flag → Flag
Exports $817kRnk 12 / 77
2023
Flag → Flag
Top Product $418kOther Vegetables
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Japan-Bhutan Trade: In 2023, Japan exported $1.45M to Bhutan. The main products that Japan exported to Bhutan were Medical Instruments ($230k), Gold ($224k), and Coated Metal Soldering Products ($173k). Over the past 5 years the exports of Japan to Bhutan have decreased at an annualized rate of 30%, from $8.64M in 2018 to $1.45M in 2023.

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

Bhutan-Japan Trade: In 2023, Bhutan exported $817k to Japan. The main products that Bhutan exported to Japan were Other Vegetables ($418k), Ferroalloys ($355k), and Collector's Items ($16.8k). Over the past 5 years the exports of Bhutan to Japan have decreased at an annualized rate of 3.04%,  from $953k in 2018 to $817k in 2023.

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

Comparison In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($766B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥207M and imported ¥5.2M from Bhutan, resulting in a positive trade balance of ¥201M. Between November 2023 and November 2024 the exports of Japan have increased by ¥167M (426%) from ¥39.3M to ¥207M, while imports increased by ¥663k (14.6%) from ¥4.54M to ¥5.2M.

Trade In November 2024, the top exports of Japan to Bhutan were Cars (¥6.46M) and Commodities not elsewhere specified (¥843k). In November 2024 the top imports of Japan from Bhutan were Ferroalloys (¥11.3M) and Collector's Items (¥942k).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥167M), Osaka (¥17.5M), Kanagawa (¥16.2M), Tokyo (¥5.28M), and Hyōgo (¥592k), while imports destinations were mainly N/A.

Growth In November 2024, the increase in Japan's year-by-year exports to Bhutan was explained primarily by an increase in product exports in . In October 2024, the increase in Japan'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 (November 2023 - November 2024)¥167M(426%)
IMPORT GROWTH (October 2023 - October 2024)¥663k(14.6%)
MAIN EXPORTER (November 2024)Aichi¥167M

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

To check Bhutan and Japan 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, Japan exported $1.45M to Bhutan. The main products exported from Japan to Bhutan were Medical Instruments ($230k), Gold ($224k), and Coated Metal Soldering Products ($173k). During the last 5 years the exports of Japan to Bhutan have decreased at an annualized rate of 30%, from $8.64M in 2018 to $1.45M in 2023.

In 2018, Bhutan exported $817k to Japan. The main products exported from Bhutan to Japan were Other Vegetables ($418k), Ferroalloys ($355k), and Collector's Items ($16.8k). During the last 5 years the exports of Bhutan to Japan have decreased at an annualized rate of 3.04%, from $953k in 2023 to $817k in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from Japan than Bhutan included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Bhutan

Flow
Scale

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

During 2023, Japan had a large net trade with Bhutan in the exports of Precious Metals ($326k), Transportation ($286k), and Instruments ($266k).

During 2018, Bhutan had a large net trade with Japan in the exports of Vegetable Products ($427k), Metals ($355k), and Arts and Antiques ($16.8k).

Economic Complexity

Competitive Landscape

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

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

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