Iceland (ISL) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

About

Iceland-Bhutan In 2022, Iceland exported $549k to Bhutan. The main products that Iceland exported to Bhutan are Refined Petroleum ($549k). During the last 0 years the exports of Iceland to Bhutan have remained the same at an annualized rate of N/A%, from $549k in 2022 to $549k in 2022.

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

Bhutan-Iceland In 2022, Bhutan exported $8.01k to Iceland. The main products that Bhutan exported to Iceland were Cabbages ($7.82k) and Wine ($188). During the last 0 years the exports of Bhutan to Iceland have remained the same at an annualized rate of N/A%, from $8.01k in 2022 to $8.01k in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Bhutan ranked 177 in total exports ($392M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

In 2022, Iceland exported $549k to Bhutan. The main products exported from Iceland to Bhutan were Refined Petroleum ($549k).

In 2022, Bhutan exported $8.01k to Iceland. The main products exported from Bhutan to Iceland were Cabbages ($7.82k) and Wine ($188).

Exports from Iceland () to Bhutan () (2022)

Exports from Bhutan () to Iceland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bhutan
Top DestinationIndia$343M

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

In 2021, countries that imported more from Iceland than Bhutan were Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2021, countries that imported more from Bhutan than Iceland were India ($343M), Nepal ($7.44M), and Colombia ($7.42M).

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

Comparative Advantage Iceland - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

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

During 2022, Iceland had a large net trade with Bhutan in the exports of Mineral Products ($549k).

During 2022, Bhutan had a large net trade with Iceland in the exports of Vegetable Products ($7.82k) and Foodstuffs ($188).

Economic Complexity

Competitive Landscape

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 Iceland has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Iceland.