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2023
Flag → Flag
Exports $32Rnk 75 / 77
2023
Flag → Flag
Top Product $32Soap
2023
Flag → Flag
Exports $19.1kRnk 208 / 212
2023
Flag → Flag
Top Product $8.24kHand Saws
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132

About

Bhutan-Chinese Taipei Trade: In 2023, Bhutan exported $32 to Chinese Taipei. The main products that Bhutan exported to Chinese Taipei were Soap ($32). Over the past 5 years the exports of Bhutan to Chinese Taipei have decreased at an annualized rate of 73.3%, from $23.4k in 2018 to $32 in 2023.

In 2023, Bhutan did not export any services to Chinese Taipei.

Chinese Taipei-Bhutan Trade: In 2023, Chinese Taipei exported $19.1k to Bhutan. The main products that Chinese Taipei exported to Bhutan were Hand Saws ($8.24k), Thermostats ($6.8k), and Padlocks ($2.08k). Over the past 5 years the exports of Chinese Taipei to Bhutan have decreased at an annualized rate of 53.5%,  from $875k in 2018 to $19.1k in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $32 to Chinese Taipei. The main products exported from Bhutan to Chinese Taipei were Soap ($32). During the last 5 years the exports of Bhutan to Chinese Taipei have decreased at an annualized rate of 73.3%, from $23.4k in 2018 to $32 in 2023.

In 2018, Chinese Taipei exported $19.1k to Bhutan. The main products exported from Chinese Taipei to Bhutan were Hand Saws ($8.24k), Thermostats ($6.8k), and Padlocks ($2.08k). During the last 5 years the exports of Chinese Taipei to Bhutan have decreased at an annualized rate of 53.5%, from $875k in 2023 to $19.1k in 2018.

Exports from Bhutan (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Bhutan (Flag) (2023)

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Chinese Taipei
Top DestinationChina$101B

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

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

In 2023, countries that imported more from Chinese Taipei than Bhutan included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Bhutan (Flag) (2023)

Comparative Advantage Bhutan - Chinese Taipei

Flow
Scale

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

During 2023, Bhutan had a large net trade with Chinese Taipei in the exports of Chemical Products ($32).

During 2018, Chinese Taipei had a large net trade with Bhutan in the exports of Metals ($10.3k), Instruments ($6.8k), and Machines ($1.96k).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and Chinese Taipei (Flag) (2023)

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