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Pricing

2022
Flag → Flag
Exports $9.07MRnk 172 / 220
2022
Flag → Flag
Top Product $1.91MOther Plastic Products
2022
Flag → Flag
Exports $1.9MRnk 7 / 73
2022
Flag → Flag
Top Product $1.9MFerroalloys
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Bhutan In 2022, South Korea exported $9.07M to Bhutan. The main products that South Korea exported to Bhutan are Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). During the last 26 years the exports of South Korea to Bhutan have increased at an annualized rate of 17.9%, from $124k in 1996 to $9.07M in 2022.

In 2022, South Korea did not export any services to Bhutan.

Bhutan-South Korea In 2022, Bhutan exported $1.9M to South Korea. The main products that Bhutan exported to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). During the last 26 years the exports of Bhutan to South Korea have increased at an annualized rate of 15.5%, from $44.4k in 1996 to $1.9M in 2022.

In 2022, Bhutan did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $530k and imported $867k from Bhutan, resulting in a negative trade balance of $337k. Between February 2023 and February 2024 the exports of South Korea have increased by $112k (26.8%) from $418k to $530k, while imports increased by $867k (N/A%) from $0 to $867k.

Trade In February 2024, the top exports of South Korea to Bhutan were Perfumery & cosmetics ($76k), Machinery, mechanical appliances, & parts ($69k), Chemical products n.e.s. ($18k), Cars, tractors, trucks & parts thereof. ($18k), and Beverages, spirits, & vinegar ($13k). In February 2024 the top imports of South Korea from Bhutan were Edible products of animal origin, n.e.s. ($0), Sugars & confectioneries ($0), Preparations of cereals, flour, starch or... ($0), Preparations of vegetables, fruit, nuts or... ($0), and Miscellaneous edible preparations ($0).

Growth In February 2024, the increase in South Korea's year-by-year exports to Bhutan was explained primarily by an increase in product exports in Perfumery & cosmetics ($32k or 72.7%), Preparations of vegetables, fruit, nuts or... ($4k or 400%), and Soap, cleaners, candles, dental, modelling pastes ($3k or 300%). In February 2024, the increase in South Korea's year-by-year imports  from Bhutan was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$112k(26.8%)
IMPORT GROWTH (February 2023 - February 2024)$867k(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Bhutan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $9.07M to Bhutan. The main products exported from South Korea to Bhutan were Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). During the last 26 years the exports of South Korea to Bhutan have increased at an annualized rate of 17.9%, from $124k in 1996 to $9.07M in 2022.

In 2022, Bhutan exported $1.9M to South Korea. The main products exported from Bhutan to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). During the last 27 years the exports of Bhutan to South Korea have increased at an annualized rate of 15.5%, from $44.4k in 1995 to $1.9M in 2022.

Exports from South Korea (Flag) to Bhutan (Flag) (2022)

Exports from Bhutan (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bhutan
Top DestinationIndia$343M

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

In 2021, countries that imported more from South Korea than Bhutan were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Bhutan than from South Korea.

Difference in imports from Bhutan (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Bhutan

Flow
Scale

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

During 2022, South Korea had a large net trade with Bhutan in the exports of Foodstuffs ($2.05M), Transportation ($2M), and Plastics and Rubbers ($1.91M).

During 2022, Bhutan had a large net trade with South Korea in the exports of Metals ($1.9M), Machines ($1.36k), and Foodstuffs ($753).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Bhutan (Flag) (2022)

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