Portugal (PRT) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

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Portugal-Bhutan In 2022, Portugal exported $55.2k to Bhutan. The main products that Portugal exported to Bhutan are Other Electrical Machinery ($27k), Machinery Having Individual Functions ($18.4k), and Broadcasting Accessories ($4.84k). During the last 22 years the exports of Portugal to Bhutan have decreased at an annualized rate of 4.67%, from $158k in 2000 to $55.2k in 2022.

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

Bhutan-Portugal In 2022, Bhutan exported $1.23k to Portugal. The main products that Bhutan exported to Portugal were Used Clothing ($415), Shaving Products ($279), and House Linens ($149). During the last 22 years the exports of Bhutan to Portugal have decreased at an annualized rate of 21.6%, from $262k in 2000 to $1.23k in 2022.

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

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

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Overview In February 2024, Portugal exported €0 and imported €0 from Bhutan, resulting in a remained the same trade balance of €0. Between February 2023 and February 2024 the exports of Portugal have remained the same by €0 (N/A%) from €0 to €0, while imports remained the same by €0 (N/A%) from €0 to €0.

Trade In February 2024, the top exports of Portugal to Bhutan were Plastics & articles thereof (€1.72k), Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), and Edible products of animal origin, n.e.s. (€0). In February 2024 the top imports of Portugal from Bhutan were Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In February 2024, the change in Portugal's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-32.2k or -100%). In February 2024, the change in Portugal's year-by-year imports from Bhutan was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€0(N/A%)

IMPORT GROWTH (February 2023 - February 2024)€0(N/A%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $55.2k to Bhutan. The main products exported from Portugal to Bhutan were Other Electrical Machinery ($27k), Machinery Having Individual Functions ($18.4k), and Broadcasting Accessories ($4.84k). During the last 22 years the exports of Portugal to Bhutan have decreased at an annualized rate of 4.67%, from $158k in 2000 to $55.2k in 2022.

In 2022, Bhutan exported $1.23k to Portugal. The main products exported from Bhutan to Portugal were Used Clothing ($415), Shaving Products ($279), and House Linens ($149). During the last 27 years the exports of Bhutan to Portugal have decreased at an annualized rate of 21.6%, from $262k in 1995 to $1.23k in 2022.

Exports from Portugal () to Bhutan () (2022)

Exports from Bhutan () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Bhutan
Top DestinationIndia$343M

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

In 2021, countries that imported more from Portugal than Bhutan were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Bhutan than Portugal were India ($343M) and Nepal ($7.44M).

Difference in imports from Bhutan () and Portugal () (2022)

Comparative Advantage Portugal - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Bhutan in the exports of Machines ($54.9k) and Chemical Products ($268).

During 2022, Bhutan had a large net trade with Portugal in the exports of Textiles ($684), Chemical Products ($279), and Instruments ($99).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Bhutan () (2022)

Exports from Bhutan () to Portugal () (2022)

Market Competitiveness

Difference in imports from Bhutan () and Portugal () (2022)

Comparative Advantage Portugal - Bhutan

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Bhutan () (2022)

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