2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Bhutan-Singapore Trade: In 2023, Bhutan exported $1.75M to Singapore. The main products that Bhutan exported to Singapore were Jewellery ($661k), Aircraft parts (gliders, balloons, and powered aircraft) ($537k), and Gas Turbines ($233k). Over the past 5 years the exports of Bhutan to Singapore have increased at an annualized rate of 9.8%, from $1.1M in 2018 to $1.75M in 2023.

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

Singapore-Bhutan Trade: In 2023, Singapore exported $95.5M to Bhutan. The main products that Singapore exported to Bhutan were Gold ($72.3M), Broadcasting Equipment ($13.6M), and Computers ($1.83M). Over the past 5 years the exports of Singapore to Bhutan have increased at an annualized rate of 63.5%,  from $8.16M in 2018 to $95.5M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $1.75M to Singapore. The main products exported from Bhutan to Singapore were Jewellery ($661k), Aircraft parts (gliders, balloons, and powered aircraft) ($537k), and Gas Turbines ($233k). During the last 5 years the exports of Bhutan to Singapore have increased at an annualized rate of 9.8%, from $1.1M in 2018 to $1.75M in 2023.

In 2018, Singapore exported $95.5M to Bhutan. The main products exported from Singapore to Bhutan were Gold ($72.3M), Broadcasting Equipment ($13.6M), and Computers ($1.83M). During the last 5 years the exports of Singapore to Bhutan have increased at an annualized rate of 63.5%, from $8.16M in 2023 to $95.5M in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Bhutan
Top Destination
India$421M
Singapore
Top Destination
Hong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Bhutan included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Bhutan - Singapore

Flow
Scale

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

During 2023, Bhutan had a large net trade with Singapore in the exports of Precious Metals ($661k), Transportation ($546k), and Machines ($361k).

During 2018, Singapore had a large net trade with Bhutan in the exports of Precious Metals ($73M), Machines ($18.2M), and Transportation ($1.47M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bhutan and Singapore. This means that a dot/product with the flag of Bhutan indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Bhutan.

Product Space of Bhutan (Flag) and Singapore (Flag) (2023)

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