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2023
Flag → Flag
Exports $18.7MRnk 148 / 216
2023
Flag → Flag
Top Product $3.14MComputers
2023
Flag → Flag
Exports $62.3kRnk 18 / 77
2023
Flag → Flag
Top Product $29.2kUsed Rubber Tires
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Thailand-Bhutan Trade: In 2023, Thailand exported $18.7M to Bhutan. The main products that Thailand exported to Bhutan were Computers ($3.14M), Light Synthetic Cotton Fabrics ($2.82M), and Dried Fruits ($1.36M). Over the past 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 13.7%, from $39.1M in 2018 to $18.7M in 2023.

In 2023, Thailand did not export any services to Bhutan.

Bhutan-Thailand Trade: In 2023, Bhutan exported $62.3k to Thailand. The main products that Bhutan exported to Thailand were Used Rubber Tires ($29.2k), Aircraft parts (gliders, balloons, and powered aircraft) ($21k), and Wrenches ($4.11k). Over the past 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 34%,  from $497k in 2018 to $62.3k in 2023.

In 2023, Bhutan did not export any services to Thailand.

Comparison In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96),  and 25 in total exports ($332B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $18.7M to Bhutan. The main products exported from Thailand to Bhutan were Computers ($3.14M), Light Synthetic Cotton Fabrics ($2.82M), and Dried Fruits ($1.36M). During the last 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 13.7%, from $39.1M in 2018 to $18.7M in 2023.

In 2018, Bhutan exported $62.3k to Thailand. The main products exported from Bhutan to Thailand were Used Rubber Tires ($29.2k), Aircraft parts (gliders, balloons, and powered aircraft) ($21k), and Wrenches ($4.11k). During the last 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 34%, from $497k in 2023 to $62.3k in 2018.

Exports from Thailand (Flag) to Bhutan (Flag) (2023)

Exports from Bhutan (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and Bhutan (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Bhutan
Top DestinationIndia$421M

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 2023, countries that imported more from Thailand than Bhutan included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Difference in imports from Bhutan (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - Bhutan

Flow
Scale

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

During 2023, Thailand had a large net trade with Bhutan in the exports of Foodstuffs ($4.67M), Machines ($4.53M), and Textiles ($3.66M).

During 2018, Bhutan had a large net trade with Thailand in the exports of Plastics and Rubbers ($29.3k), Transportation ($22k), and Metals ($5.03k).

Economic Complexity

Competitive Landscape

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

Product Space of Thailand (Flag) and Bhutan (Flag) (2023)

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