Turkey (TUR) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

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Turkey-Bhutan Trade: In 2022, Turkey exported $696k to Bhutan. The main products that Turkey exported to Bhutan were Refrigerators ($233k), Other Oily Seeds ($150k), and Other Heating Machinery ($108k). Over the past 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 62.9%, from $60.7k in 2017 to $696k in 2022.

In 2022, Turkey did not export any services to Bhutan.

Bhutan-Turkey Trade: In 2022, Bhutan exported $1.13k to Turkey. The main products that Bhutan exported to Turkey were Insulated Wire ($1.13k). Over the past 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 61.4%, from $2.3M in 2017 to $1.13k in 2022.

In 2022, Bhutan did not export any services to Turkey.

Comparison In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $696k to Bhutan. The main products exported from Turkey to Bhutan were Refrigerators ($233k), Other Oily Seeds ($150k), and Other Heating Machinery ($108k). During the last 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 62.9%, from $60.7k in 2017 to $696k in 2022.

In 2017, Bhutan exported $1.13k to Turkey. The main products exported from Bhutan to Turkey were Insulated Wire ($1.13k). During the last 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 61.4%, from $2.3M in 2022 to $1.13k in 2017.

Exports from Turkey () to Bhutan () (2022)

Exports from Bhutan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Bhutan ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Bhutan
Top DestinationIndia$343M

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

In 2022, countries that imported more from Turkey than Bhutan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, no countries were registered that imported more from Bhutan than from Turkey.

Difference in imports from Bhutan () and Turkey () (2022)

Comparative Advantage Turkey - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Bhutan in the exports of Machines ($508k), Vegetable Products ($150k), and Chemical Products ($22.5k).

During 2017, Bhutan had a large net trade with Turkey in the exports of Machines ($1.13k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Bhutan () (2022)

Exports from Bhutan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Bhutan ()

Turkey Exports

Market Competitiveness

Difference in imports from Bhutan () and Turkey () (2022)

Comparative Advantage Turkey - Bhutan

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Bhutan () (2022)

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