Flag Thailand / Bhutan Flag

2020
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Exports
: $51.6M, Rnk 102 / 214

2020
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Top Product
: $22.8M, Light Synthetic Cotton Fabrics

2020
FlagFlag
Exports
: $46.1k, Rnk 18 / 63

2020
FlagFlag
Top Product
: $25.2k, Integrated Circuits

2020
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Economic Complexity (ECI)
: ECI 0.91, Rnk 30 / 127

2020
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GDP
: $500B, CURRENT US$
Rnk 24 / 204

2010-2020
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GDP GROWTH
: 46.5%, CURRENT US$
Rnk 61 / 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 
: $7,159, CURRENT US$
Rnk 95 / 204

2010-2020
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GDP PC GROWTH
: 41%, CURRENT US$
Rnk 41 / 204

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

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

Thailand-Bhutan In 2020, Thailand exported $51.6M to Bhutan. The main products that Thailand exported to Bhutan are Light Synthetic Cotton Fabrics ($22.8M), Textile Scraps ($6.56M), and Non-Knit Men's Shirts ($4.45M). During the last 25 years the exports of Thailand to Bhutan have increased at an annualized rate of 21.2%, from $419k in 1995 to $51.6M in 2020.

In 2020, Thailand did not export any services to Bhutan.

Bhutan-Thailand In 2020, Bhutan exported $46.1k to Thailand. The main products that Bhutan exported to Thailand were Integrated Circuits ($25.2k), Other Edible Preparations ($4.41k), and Candles ($3.22k). During the last 25 years the exports of Bhutan to Thailand have increased at an annualized rate of 4.32%, from $16k in 1995 to $46.1k in 2020.

In 2020, Bhutan did not export any services to Thailand.

Comparison In 2020,  Thailand ranked 30 in the Economic Complexity Index (ECI 0.91),  and 23 in total exports ($243B). 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, Thailand exported $51.6M to Bhutan. The main products exported from Thailand to Bhutan were Light Synthetic Cotton Fabrics ($22.8M), Textile Scraps ($6.56M), and Non-Knit Men's Shirts ($4.45M). During the last 25 years the exports of Thailand to Bhutan have increased at an annualized rate of 21.2%, from $419k in 1995 to $51.6M in 2020.

In 2020, Bhutan exported $46.1k to Thailand. The main products exported from Bhutan to Thailand were Integrated Circuits ($25.2k), Other Edible Preparations ($4.41k), and Candles ($3.22k). During the last 25 years the exports of Bhutan to Thailand have increased at an annualized rate of 4.32%, from $16k in 1995 to $46.1k in 2020.

Thailand Exports

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Market Competitiveness

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Measure

Thailand
Top Destination
: United States, $35.3B

Bhutan
Top Destination
: India, $173M

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

In 2019, countries that imported more from Thailand than Bhutan were United States ($35.3B), China ($30.2B), and Japan ($23.2B).

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

Comparative Advantage Thailand - Bhutan

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Flow
Scale

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

During 2020, Thailand had a large net trade with Bhutan in the exports of Textiles ($42.8M), Foodstuffs ($2.38M), and Machines ($2.22M).

During 2020, Bhutan had a large net trade with Thailand in the exports of Machines ($26.2k), Chemical Products ($5.3k), and Foodstuffs ($4.78k).

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 Thailand has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Thailand.