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Pricing

2022
Flag → Flag
Exports $1.84kRnk 49 / 73
2022
Flag → Flag
Top Product $1.02kHard Liquor
2022
Flag → Flag
Exports $53.1kRnk 180 / 205
2022
Flag → Flag
Top Product $28.2kBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Bhutan-Philippines In 2022, Bhutan exported $1.84k to Philippines. The main products that Bhutan exported to Philippines are Hard Liquor ($1.02k), Sculptures ($402), and Textile Footwear ($202). During the last 26 years the exports of Bhutan to Philippines have decreased at an annualized rate of 13%, from $68.9k in 1996 to $1.84k in 2022.

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

Philippines-Bhutan In 2022, Philippines exported $53.1k to Bhutan. The main products that Philippines exported to Bhutan were Broadcasting Equipment ($28.2k), Aircraft Parts ($13.9k), and Office Machine Parts ($6.33k). During the last 26 years the exports of Philippines to Bhutan have increased at an annualized rate of 10%, from $4.45k in 1996 to $53.1k in 2022.

In 2022, Philippines 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, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $1.84k to Philippines. The main products exported from Bhutan to Philippines were Hard Liquor ($1.02k), Sculptures ($402), and Textile Footwear ($202). During the last 26 years the exports of Bhutan to Philippines have decreased at an annualized rate of 13%, from $68.9k in 1996 to $1.84k in 2022.

In 2022, Philippines exported $53.1k to Bhutan. The main products exported from Philippines to Bhutan were Broadcasting Equipment ($28.2k), Aircraft Parts ($13.9k), and Office Machine Parts ($6.33k). During the last 25 years the exports of Philippines to Bhutan have increased at an annualized rate of 10%, from $4.45k in 1997 to $53.1k in 2022.

Exports from Bhutan (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Bhutan (Flag) (2022)

Latest Data

Trade between Bhutan (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$343M
Philippines
Top DestinationUnited States$15.5B

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

In 2021, countries that imported more from Bhutan than Philippines were Nepal ($7.44M).

In 2021, countries that imported more from Philippines than Bhutan were United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

Difference in imports from Philippines (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - Philippines

Flow
Scale

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

During 2022, Bhutan had a large net trade with Philippines in the exports of Foodstuffs ($1.02k), Arts and Antiques ($402), and Footwear and Headwear ($202).

During 2022, Philippines had a large net trade with Bhutan in the exports of Machines ($39.1k), Transportation ($13.9k), and Textiles ($50).

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

Product Space of Bhutan (Flag) and Philippines (Flag) (2022)

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