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2023
Flag → Flag
Exports $239Rnk 62 / 77
2023
Flag → Flag
Top Product $239Electrical Control Boards
2023
Flag → Flag
Exports $137kRnk 167 / 201
2023
Flag → Flag
Top Product $127kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Bhutan-Philippines Trade: In 2023, Bhutan exported $239 to Philippines. The main products that Bhutan exported to Philippines were Electrical Control Boards ($239). Over the past 12 years the exports of Bhutan to Philippines have decreased at an annualized rate of 30.8%, from $19.9k in 2011 to $239 in 2023.

In 2023, Bhutan did not export any services to Philippines.

Philippines-Bhutan Trade: In 2023, Philippines exported $137k to Bhutan. The main products that Philippines exported to Bhutan were Broadcasting Equipment ($127k), Rolled Tobacco ($7.17k), and Electrical Transformers ($1.1k). Over the past 12 years the exports of Philippines to Bhutan have decreased at an annualized rate of 1.82%,  from $150k in 2011 to $137k in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $239 to Philippines. The main products exported from Bhutan to Philippines were Electrical Control Boards ($239). During the last 12 years the exports of Bhutan to Philippines have decreased at an annualized rate of 30.8%, from $19.9k in 2011 to $239 in 2023.

In 2018, Philippines exported $137k to Bhutan. The main products exported from Philippines to Bhutan were Broadcasting Equipment ($127k), Rolled Tobacco ($7.17k), and Electrical Transformers ($1.1k). During the last 5 years the exports of Philippines to Bhutan have decreased at an annualized rate of 1.82%, from $150k in 2023 to $137k in 2018.

Exports from Bhutan (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Bhutan (Flag) (2023)

Latest Data

Trade between Bhutan (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Philippines
Top DestinationChina$19B

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 2023, no countries were registered that imported more from Bhutan than from Philippines.

In 2023, countries that imported more from Philippines than Bhutan included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines (Flag) and Bhutan (Flag) (2023)

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 2023, Bhutan had a large net trade with Philippines in the exports of Machines ($239).

During 2018, Philippines had a large net trade with Bhutan in the exports of Machines ($129k), Foodstuffs ($7.17k), and Transportation ($834).

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) (2023)

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