2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
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GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Ireland-Bhutan Trade: In 2022, Ireland exported $40.7k to Bhutan. The main products that Ireland exported to Bhutan were Broadcasting Equipment ($18.4k), Cameras ($17k), and Electrical Transformers ($4.21k). Over the past 5 years the exports of Ireland to Bhutan have increased at an annualized rate of 41.5%, from $7.17k in 2017 to $40.7k in 2022.

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

Bhutan-Ireland Trade: In 2022, Bhutan exported $22.9k to Ireland. The main products that Bhutan exported to Ireland were Audio Alarms ($20.8k), Industrial Printers ($898), and Knit Sweaters ($555). Over the past 5 years the exports of Bhutan to Ireland have increased at an annualized rate of 111%,  from $546 in 2017 to $22.9k in 2022.

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

Comparison In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27),  and 31 in total exports ($236B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $40.7k to Bhutan. The main products exported from Ireland to Bhutan were Broadcasting Equipment ($18.4k), Cameras ($17k), and Electrical Transformers ($4.21k). During the last 5 years the exports of Ireland to Bhutan have increased at an annualized rate of 41.5%, from $7.17k in 2017 to $40.7k in 2022.

In 2017, Bhutan exported $22.9k to Ireland. The main products exported from Bhutan to Ireland were Audio Alarms ($20.8k), Industrial Printers ($898), and Knit Sweaters ($555). During the last 5 years the exports of Bhutan to Ireland have increased at an annualized rate of 111%, from $546 in 2022 to $22.9k in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Bhutan
Top Destination
India$343M

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

In 2022, countries that imported more from Ireland than Bhutan included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Bhutan than Ireland included Nepal ($7.44M).

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

Comparative Advantage Ireland - Bhutan

Flow
Scale

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

During 2022, Ireland had a large net trade with Bhutan in the exports of Machines ($22.6k), Instruments ($17.1k), and Paper Goods ($589).

During 2017, Bhutan had a large net trade with Ireland in the exports of Machines ($21.8k), Textiles ($794), and Animal Hides ($145).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Bhutan+N/AN/A
Top Product Potential Bhutan Ireland+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

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

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