Bhutan (BTN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Bhutan-Thailand Trade: In 2022, Bhutan exported $49.8k to Thailand. The main products that Bhutan exported to Thailand were Hard Liquor ($24.9k), Used Rubber Tires ($9.9k), and Aircraft Parts ($7.89k). Over the past 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 5.5%, from $66.1k in 2017 to $49.8k in 2022.

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

Thailand-Bhutan Trade: In 2022, Thailand exported $24.7M to Bhutan. The main products that Thailand exported to Bhutan were Light Synthetic Cotton Fabrics ($8.19M), Dried Fruits ($2.18M), and Textile Scraps ($1.25M). Over the past 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 12.1%, from $47.1M in 2017 to $24.7M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $49.8k to Thailand. The main products exported from Bhutan to Thailand were Hard Liquor ($24.9k), Used Rubber Tires ($9.9k), and Aircraft Parts ($7.89k). During the last 5 years the exports of Bhutan to Thailand have decreased at an annualized rate of 5.5%, from $66.1k in 2017 to $49.8k in 2022.

In 2017, Thailand exported $24.7M to Bhutan. The main products exported from Thailand to Bhutan were Light Synthetic Cotton Fabrics ($8.19M), Dried Fruits ($2.18M), and Textile Scraps ($1.25M). During the last 5 years the exports of Thailand to Bhutan have decreased at an annualized rate of 12.1%, from $47.1M in 2022 to $24.7M in 2017.

Exports from Bhutan () to Thailand () (2022)

Exports from Thailand () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationN/AN/A

Thailand
Top DestinationN/AN/A

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

N/A

Difference in imports from Thailand () and Bhutan () (2022)

Comparative Advantage Bhutan - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Thailand in the exports of Foodstuffs ($25.4k), Plastics and Rubbers ($10.2k), and Transportation ($7.89k).

During 2017, Thailand had a large net trade with Bhutan in the exports of Textiles ($11.8M), Foodstuffs ($4.18M), and Vegetable Products ($2.22M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Thailand () (2022)

Exports from Thailand () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Thailand ()

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Bhutan () (2022)

Comparative Advantage Bhutan - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Thailand () (2022)

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