Bhutan (BTN) and Turkey (TUR) Trade | The Observatory of Economic Complexity

About

Bhutan-Turkey Trade: In 2022, Bhutan exported $1.13k to Turkey. The main products that Bhutan exported to Turkey were Insulated Wire ($1.13k). Over the past 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 78.2%, from $2.3M in 2017 to $1.13k in 2022.

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

Turkey-Bhutan Trade: In 2022, Turkey exported $696k to Bhutan. The main products that Turkey exported to Bhutan were Refrigerators ($233k), Other Oily Seeds ($150k), and Other Heating Machinery ($108k). Over the past 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 35.7%, from $60.7k in 2017 to $696k in 2022.

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

Comparison In 2022, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $1.13k to Turkey. The main products exported from Bhutan to Turkey were Insulated Wire ($1.13k). During the last 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 78.2%, from $2.3M in 2017 to $1.13k in 2022.

In 2017, Turkey exported $696k to Bhutan. The main products exported from Turkey to Bhutan were Refrigerators ($233k), Other Oily Seeds ($150k), and Other Heating Machinery ($108k). During the last 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 35.7%, from $60.7k in 2022 to $696k in 2017.

Exports from Bhutan () to Turkey () (2022)

Exports from Turkey () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Bhutan than from Turkey.

In 2022, countries that imported more from Turkey than Bhutan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Bhutan - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Turkey in the exports of Machines ($1.13k).

During 2017, Turkey had a large net trade with Bhutan in the exports of Machines ($508k), Vegetable Products ($150k), and Chemical Products ($22.5k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Turkey () (2022)

Exports from Turkey () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Turkey ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Bhutan - Turkey

Economic Complexity

Competitive Landscape

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

Keep Exploring