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2023
Flag → Flag
Exports $62.3kRnk 18 / 77
2023
Flag → Flag
Top Product $29.2kUsed Rubber Tires
2023
Flag → Flag
Exports $18.7MRnk 148 / 216
2023
Flag → Flag
Top Product $3.14MComputers
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Bhutan-Thailand Trade: In 2023, Bhutan exported $62.3k to Thailand. The main products that Bhutan exported to Thailand were Used Rubber Tires ($29.2k), Aircraft parts (gliders, balloons, and powered aircraft) ($21k), and Wrenches ($4.11k). Over the past 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 34%, from $497k in 2018 to $62.3k in 2023.

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

Thailand-Bhutan Trade: In 2023, Thailand exported $18.7M to Bhutan. The main products that Thailand exported to Bhutan were Computers ($3.14M), Light Synthetic Cotton Fabrics ($2.82M), and Dried Fruits ($1.36M). Over the past 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 13.7%,  from $39.1M in 2018 to $18.7M in 2023.

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

Comparison In 2023,  Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $62.3k to Thailand. The main products exported from Bhutan to Thailand were Used Rubber Tires ($29.2k), Aircraft parts (gliders, balloons, and powered aircraft) ($21k), and Wrenches ($4.11k). During the last 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 34%, from $497k in 2018 to $62.3k in 2023.

In 2018, Thailand exported $18.7M to Bhutan. The main products exported from Thailand to Bhutan were Computers ($3.14M), Light Synthetic Cotton Fabrics ($2.82M), and Dried Fruits ($1.36M). During the last 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 13.7%, from $39.1M in 2023 to $18.7M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Bhutan included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Bhutan - Thailand

Flow
Scale

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

During 2023, Bhutan had a large net trade with Thailand in the exports of Plastics and Rubbers ($29.3k), Transportation ($22k), and Metals ($5.03k).

During 2018, Thailand had a large net trade with Bhutan in the exports of Foodstuffs ($4.67M), Machines ($4.53M), and Textiles ($3.66M).

Economic Complexity

Competitive Landscape

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

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

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