2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Bhutan-South Korea In 2022, Bhutan exported $1.9M to South Korea. The main products that Bhutan exported to South Korea are Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). During the last 27 years the exports of Bhutan to South Korea have increased at an annualized rate of 14.9%, from $44.4k in 1995 to $1.9M in 2022.

In 2022, Bhutan did not export any services to South Korea.

South Korea-Bhutan In 2022, South Korea exported $9.07M to Bhutan. The main products that South Korea exported to Bhutan were Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). During the last 27 years the exports of South Korea to Bhutan have increased at an annualized rate of 17.2%, from $124k in 1995 to $9.07M in 2022.

In 2022, South Korea did not export any services to Bhutan.

Comparison In 2022,  Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $1.9M to South Korea. The main products exported from Bhutan to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). During the last 27 years the exports of Bhutan to South Korea have increased at an annualized rate of 14.9%, from $44.4k in 1995 to $1.9M in 2022.

In 2022, South Korea exported $9.07M to Bhutan. The main products exported from South Korea to Bhutan were Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). During the last 26 years the exports of South Korea to Bhutan have increased at an annualized rate of 17.2%, from $124k in 1996 to $9.07M in 2022.

Exports from Bhutan (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Bhutan (Flag) (2022)

Latest Data

Trade between Bhutan (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Bhutan
Top Destination
India$343M
South Korea
Top Destination
China$150B

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

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

In 2021, countries that imported more from South Korea than Bhutan were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - South Korea

Flow
Scale

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

During 2022, Bhutan had a large net trade with South Korea in the exports of Metals ($1.9M), Machines ($1.36k), and Foodstuffs ($753).

During 2022, South Korea had a large net trade with Bhutan in the exports of Foodstuffs ($2.05M), Transportation ($2M), and Plastics and Rubbers ($1.91M).

Economic Complexity

Competitive Landscape

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

Product Space of Bhutan (Flag) and South Korea (Flag) (2022)

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