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2023
Flag → Flag
Exports $2.38kRnk 38 / 77
2023
Flag → Flag
Top Product $701Low-voltage Protection Equipment
2023
Flag → Flag
Exports $340kRnk 197 / 216
2023
Flag → Flag
Top Product $234kVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Bhutan-Turkey Trade: In 2023, Bhutan exported $2.38k to Turkey. The main products that Bhutan exported to Turkey were Low-voltage Protection Equipment ($701), Rubber Pipes ($545), and Tool Sets ($325). Over the past 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 74.5%, from $2.21M in 2018 to $2.38k in 2023.

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

Turkey-Bhutan Trade: In 2023, Turkey exported $340k to Bhutan. The main products that Turkey exported to Bhutan were Vaccines, blood, antisera, toxins and cultures ($234k), Other Oily Seeds ($68.5k), and Confectionery Sugar ($15.3k). Over the past 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 12.8%,  from $186k in 2018 to $340k in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bhutan exported $2.38k to Turkey. The main products exported from Bhutan to Turkey were Low-voltage Protection Equipment ($701), Rubber Pipes ($545), and Tool Sets ($325). During the last 5 years the exports of Bhutan to Turkey have decreased at an annualized rate of 74.5%, from $2.21M in 2018 to $2.38k in 2023.

In 2018, Turkey exported $340k to Bhutan. The main products exported from Turkey to Bhutan were Vaccines, blood, antisera, toxins and cultures ($234k), Other Oily Seeds ($68.5k), and Confectionery Sugar ($15.3k). During the last 5 years the exports of Turkey to Bhutan have increased at an annualized rate of 12.8%, from $186k in 2023 to $340k in 2018.

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

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

Latest Data

Trade between Bhutan (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$421M
Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Bhutan included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Bhutan - Turkey

Flow
Scale

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

During 2023, Bhutan had a large net trade with Turkey in the exports of Machines ($1.13k), Plastics and Rubbers ($652), and Metals ($603).

During 2018, Turkey had a large net trade with Bhutan in the exports of Chemical Products ($234k), Vegetable Products ($68.5k), and Foodstuffs ($20.8k).

Economic Complexity

Competitive Landscape

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

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

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