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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 0.71Rnk 37 / 133
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Bhutan-Philippines Trade: In 2022, Bhutan exported $1.84k to Philippines. The main products that Bhutan exported to Philippines were Hard Liquor ($1.02k), Sculptures ($402), and Textile Footwear ($202). Over the past 12 years the exports of Bhutan to Philippines have increased at an annualized rate of 4.07%, from $1.14k in 2010 to $1.84k in 2022.

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

Philippines-Bhutan Trade: 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). Over the past 12 years the exports of Philippines to Bhutan have decreased at an annualized rate of 22.5%,  from $190k in 2010 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 37 in the Economic Complexity Index (ECI 0.71), 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 12 years the exports of Bhutan to Philippines have increased at an annualized rate of 4.07%, from $1.14k in 2010 to $1.84k in 2022.

In 2017, 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 5 years the exports of Philippines to Bhutan have decreased at an annualized rate of 22.5%, from $190k in 2022 to $53.1k in 2017.

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 2022, countries that imported more from Bhutan than Philippines included Nepal ($7.44M).

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

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

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