{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:14.998Z",
  "seo": {
    "title": "Bhutan exports to Italy: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Bhutan to Italy, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "BTN",
    "country_name": "Bhutan"
  },
  "importer": {
    "iso3": "ITA",
    "country_name": "Italy"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BTN",
    "importer_iso3": "ITA",
    "all_history_lane_count": 3,
    "current_lane_count": 1,
    "current_product_count": 1,
    "first_observed_last_year": 2005,
    "latest_data_year": 2024,
    "current_trade_usd": 631370.4754795705,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 631370.4754795705,
    "unrecovered_drawdown_trade_usd": 0,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 0,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 1,
    "unrecovered_drawdown_lane_count": 0,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 0,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1387985387918327,
    "trade_weighted_below_peak_pct": 0,
    "product_concentration_hhi": 10000,
    "top1_product_share_pct": 100,
    "top3_product_share_pct": 100,
    "top_product_hs6": "720230",
    "top_product_trade_usd": 631370.4754795705,
    "top_product_description": "Ferro-alloys: ferro-silico-manganese",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 7009.5166015625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.03189999982714653,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 0.9554760631949495,
    "avg_mfn_tariff_pct": 5.920413126868687,
    "avg_preferential_tariff_pct": 0.6023477904446223,
    "tariff_advantage_pp": 5.318065336424064,
    "buyer_biz_entry_days": 11,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 2099880.198259,
    "buyer_gdp_pc_latest": 35551,
    "buyer_population_latest": 59066.223,
    "buyer_gdp_5y_cagr_pct": 3.3456337761183397,
    "buyer_gdp_pc_5y_cagr_pct": 3.6164129413341017,
    "buyer_population_5y_cagr_pct": -0.26132844935394806,
    "buyer_investment_5y_avg_pct": 21.387999999999998,
    "buyer_savings_5y_avg_pct": 22.601999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "concentrated_product_mix"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 2099880.198259,
    "buyer_gdp_pc_2024": 35551,
    "buyer_population_2024": 59066.223
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 129.01181324235455,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 155.38757524996942,
      "yoy_growth_pct": 20.44445492605147,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 330.15638299150254,
      "yoy_growth_pct": 112.47283282488026,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 412.762591925529,
      "yoy_growth_pct": 25.020327696088373,
      "cagr_3y_pct": 47.352310684577745
    },
    {
      "year": 1999,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 2311.5744654425657,
      "yoy_growth_pct": 460.0251841280282,
      "cagr_3y_pct": 145.94077253592337
    },
    {
      "year": 2001,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 8391.779014562757,
      "yoy_growth_pct": 263.0330383043099,
      "cagr_3y_pct": 194.02083972751183
    },
    {
      "year": 2003,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 88921.46484888253,
      "yoy_growth_pct": 959.6259111991842,
      "cagr_3y_pct": 499.47180149460416
    },
    {
      "year": 2004,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 26.076373468091614,
      "yoy_growth_pct": -99.97067482692464,
      "cagr_3y_pct": -77.57255666861728
    },
    {
      "year": 2005,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 36589.84803741957,
      "yoy_growth_pct": 140218.00887570804,
      "cagr_3y_pct": 63.36870093460176
    },
    {
      "year": 2006,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 13442.534382589474,
      "yoy_growth_pct": -63.26157362325716,
      "cagr_3y_pct": -46.72891825494001
    },
    {
      "year": 2007,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 5085.294744072384,
      "yoy_growth_pct": -62.170119120849975,
      "cagr_3y_pct": 479.90427780355304
    },
    {
      "year": 2008,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 1956062.3448161767,
      "yoy_growth_pct": 38365.073181770604,
      "cagr_3y_pct": 276.7101850610117
    },
    {
      "year": 2009,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 299252.8055755786,
      "yoy_growth_pct": -84.70126443726919,
      "cagr_3y_pct": 181.31033738142062
    },
    {
      "year": 2010,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 409326.7595238574,
      "yoy_growth_pct": 36.782931320080394,
      "cagr_3y_pct": 331.76887878827586
    },
    {
      "year": 2011,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 2490179.137536989,
      "yoy_growth_pct": 508.3597222995264,
      "cagr_3y_pct": 8.380038059182414
    },
    {
      "year": 2012,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 3042967.536012497,
      "yoy_growth_pct": 22.19874024895514,
      "cagr_3y_pct": 116.64717454713589
    },
    {
      "year": 2013,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 2401174.5348333092,
      "yoy_growth_pct": -21.09102360060643,
      "cagr_3y_pct": 80.35071310162294
    },
    {
      "year": 2014,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 5279014.720099525,
      "yoy_growth_pct": 119.85135372368907,
      "cagr_3y_pct": 28.461826973846804
    },
    {
      "year": 2015,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 2221843.083003386,
      "yoy_growth_pct": -57.91178466421292,
      "cagr_3y_pct": -9.952425023783162
    },
    {
      "year": 2016,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 260558.79532859166,
      "yoy_growth_pct": -88.2728534106747,
      "cagr_3y_pct": -52.302677235119766
    },
    {
      "year": 2017,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 5308516.400101654,
      "yoy_growth_pct": 1937.3583602914132,
      "cagr_3y_pct": 0.1859368020761254
    },
    {
      "year": 2018,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 11852372.49014898,
      "yoy_growth_pct": 123.2709027690301,
      "cagr_3y_pct": 74.72858880345792
    },
    {
      "year": 2019,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 6423119.916590554,
      "yoy_growth_pct": -45.80730632682118,
      "cagr_3y_pct": 191.03603441754714
    },
    {
      "year": 2020,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 3935240.814724422,
      "yoy_growth_pct": -38.733187830419936,
      "cagr_3y_pct": -9.496359258871278
    },
    {
      "year": 2021,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 3403184.3236554163,
      "yoy_growth_pct": -13.52030323222455,
      "cagr_3y_pct": -34.027937752647
    },
    {
      "year": 2022,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 20481830.244322635,
      "yoy_growth_pct": 501.84310623301076,
      "cagr_3y_pct": 47.18862358141749
    },
    {
      "year": 2023,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 17540270.178493988,
      "yoy_growth_pct": -14.361802781975596,
      "cagr_3y_pct": 64.57163667779022
    },
    {
      "year": 2024,
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "export_value_usd": 3971157.681818903,
      "yoy_growth_pct": -77.359769026318,
      "cagr_3y_pct": 5.279517672547063
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BTN",
      "importer_iso3": "ITA",
      "hs_code": "720230",
      "hs_description": "Ferro-alloys: ferro-silico-manganese",
      "buyer_imports_latest_usd": 204037543.98259532,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1387985387918327,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BTN",
    "importer_iso3": "ITA",
    "distance_km": 7013,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 0,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 2099880.198259,
    "importer_gdp_per_capita_usd": 35551.286193786254,
    "importer_population": 59066.223,
    "importer_biz_entry_days": 11,
    "importer_biz_entry_cost_pct": 13.8,
    "exporter_gdp_million_usd": 2315.436303,
    "exporter_gdp_per_capita_usd": 2968.888707526606,
    "avg_applied_tariff_pct": 0.9554760631949495,
    "avg_mfn_tariff_pct": 5.920413126868687,
    "avg_preferential_tariff_pct": 0.6023477904446223,
    "tariff_advantage_pp": 5.318065336424064
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/BTN-ITA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BTN-ITA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BTN-ITA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BTN-ITA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BTN-ITA/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}