Flag South Korea / Bhutan Flag

2020
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Exports
: $12.3M, Rnk 164 / 218

2020
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Top Product
: $6.78M, Vaccines, blood, antisera, toxins and cultures

2020
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Exports
: $2.01k, Rnk 36 / 63

2020
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Top Product
: $629, Used Clothing

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 204

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 70 / 204

2020
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 GDP
: $2.32B, CURRENT US$
Rnk 176 / 204

2010-2020
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GDP GROWTH
: 49.6%, CURRENT US$
Rnk 59 / 204

2020
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GDP PC 
: $31,598, CURRENT US$
Rnk 37 / 204

2010-2020
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GDP PC GROWTH
: 36.9%, CURRENT US$
Rnk 47 / 204

2020
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GDP PC
: $3,001, CURRENT US$
Rnk 146 / 204

2010-2020
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GDP PC GROWTH
: 32.9%, CURRENT US$
Rnk 54 / 204

South Korea-Bhutan In 2020, South Korea exported $12.3M to Bhutan. The main products that South Korea exported to Bhutan are Vaccines, blood, antisera, toxins and cultures ($6.78M), Laboratory Reagents ($1.78M), and Pasta ($1.24M). During the last 24 years the exports of South Korea to Bhutan have increased at an annualized rate of 21.1%, from $124k in 1996 to $12.3M in 2020.

In 2020, South Korea did not export any services to Bhutan.

Bhutan-South Korea In 2020, Bhutan exported $2.01k to South Korea. The main products that Bhutan exported to South Korea were Used Clothing ($629), Broadcasting Equipment ($362), and Non-Knit Women's Suits ($341). During the last 24 years the exports of Bhutan to South Korea have decreased at an annualized rate of 12.1%, from $44.1k in 1996 to $2.01k in 2020.

In 2020, Bhutan did not export any services to South Korea.

Comparison In 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88),  and 5 in total exports ($531B). That same year, Bhutan ranked 178 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, South Korea exported $12.3M to Bhutan. The main products exported from South Korea to Bhutan were Vaccines, blood, antisera, toxins and cultures ($6.78M), Laboratory Reagents ($1.78M), and Pasta ($1.24M). During the last 24 years the exports of South Korea to Bhutan have increased at an annualized rate of 21.1%, from $124k in 1996 to $12.3M in 2020.

In 2020, Bhutan exported $2.01k to South Korea. The main products exported from Bhutan to South Korea were Used Clothing ($629), Broadcasting Equipment ($362), and Non-Knit Women's Suits ($341). During the last 25 years the exports of Bhutan to South Korea have decreased at an annualized rate of 12.1%, from $44.1k in 1995 to $2.01k in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Bhutan
Top Destination
: India, $173M

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 2019, countries that imported more from South Korea than Bhutan were China ($131B), United States ($75B), and Vietnam ($48B).

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

Comparative Advantage South Korea - Bhutan

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Flow
Scale

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

During 2020, South Korea had a large net trade with Bhutan in the exports of Chemical Products ($9.84M), Foodstuffs ($1.52M), and Transportation ($511k).

During 2020, Bhutan had a large net trade with South Korea in the exports of Textiles ($1.12k), Machines ($362), and Foodstuffs ($163).

Economic Complexity

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Competitive Landscape

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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.