Bhutan (BTN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Bhutan-South Korea Trade: In 2022, Bhutan exported $2.09M to South Korea. The main products that Bhutan exported to South Korea were N/A. Over the past 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 207%, from $7.68k in 2017 to $2.09M 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 N/A. Over the past 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 4.54%, from $11.4M in 2017 to $9.07M in 2022.

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

Comparison In 2023, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $2.09M to South Korea. There were not main exports from Bhutan to South Korea in 2022. During the last 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 207%, from $7.68k in 2017 to $2.09M in 2022.

In 2017, South Korea exported $9.07M to Bhutan. There were not main exports from South Korea to Bhutan in 2017. During the last 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 4.54%, from $11.4M in 2022 to $9.07M in 2017.

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

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

Latest Data

Trade between Bhutan () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$421M

South Korea
Top DestinationChina$162B

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 2023, countries that imported more from Bhutan than South Korea included Liberia ($594).

In 2023, countries that imported more from South Korea than Bhutan included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Bhutan () (2023)

Comparative Advantage Bhutan - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

During 2017, South Korea had a large net trade with Bhutan in the exports of .

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bhutan () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Bhutan () (2023)

Comparative Advantage Bhutan - South Korea

Economic Complexity

Competitive Landscape

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

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