Bhutan (BTN) and Philippines (PHL) Trade | The Observatory of Economic Complexity

2022

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Exports $1.84kRnk 49 / 73

2022

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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

Latest Data

Trade between Bhutan () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Bhutan () (2022)

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.