South Korea (KOR) and Bhutan (BTN) Trade | OEC - The Observatory of Economic Complexity

About

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.

Latest Trends

#

January, 2023

About

#

Overview In January 2023, South Korea exported $214k and imported $0 from Bhutan, resulting in a positive trade balance of $214k. Between January 2022 and January 2023 the exports of South Korea have decreased by $-1.31M (-85.9%) from $1.52M to $214k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In January 2023, the top exports of South Korea to Bhutan were Chemical products n.e.s. ($1.12M), Cars, tractors, trucks & parts thereof. ($309k), Perfumery & cosmetics ($44k), Preparations of cereals, flour, starch or... ($42k), and Miscellaneous edible preparations ($7k). In January 2023 the top imports of South Korea from Bhutan were Animal or vegetable fats, oils and... ($0), Animal or vegetable fats, oils, &... ($0), Preparations of fish, crustacenas, & molluscs ($0), Sugars & confectioneries ($0), and Preparations of cereals, flour, starch or... ($0).

Growth In January 2023, the decrease in South Korea's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in Preparations of cereals, flour, starch or... ($-285k or -87.2%), Misc. manufactures ($-35k or -97.2%), and Preparations of vegetables, fruit, nuts or... ($-6k or -85.7%). In January 2023, the change in South Korea's year-by-year imports from Bhutan was explained primarily by an decrease in product imports in .

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2022 - January 2023): $-1.31M, (-85.9%)

IMPORT GROWTH (January 2022 - January 2023): $0, (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.

Explore Bhutan and South Korea Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

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

#

Measure

SectionYear

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

#

Flow

Scale

Year

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

#

Competitive Landscape

#

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage South Korea - Bhutan

Economic Complexity

Competitive Landscape

Related Profiles