2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Bhutan-South Korea Trade: In 2022, Bhutan exported $1.9M to South Korea. The main products that Bhutan exported to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). Over the past 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 201%, from $7.65k in 2017 to $1.9M in 2022.

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

South Korea-Bhutan Trade: 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). Over the past 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 2.09%,  from $11.4M in 2017 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 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 201%, from $7.65k in 2017 to $1.9M in 2022.

In 2017, 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 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 2.09%, from $11.4M in 2022 to $9.07M in 2017.

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 2022, no countries were registered that imported more from Bhutan than from South Korea.

In 2022, countries that imported more from South Korea than Bhutan included 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 2017, 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 shows the product space at the HS4 level with the flags of Bhutan and South Korea. This means that a dot/product with the flag of Bhutan indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Bhutan.

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

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