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2022
Flag → Flag
Exports $9.07MRnk 80 / 0
2022
Flag → Flag
Exports $2.09MRnk 76 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

South Korea-Bhutan Trade: In 2022, South Korea exported $9.07M to Bhutan. The main products that South Korea exported to Bhutan were N/A. Over the past 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 4.54%, from $11.4M in 2017 to $9.07M in 2022.

In 2022, South Korea did not export any services to Bhutan.

Bhutan-South Korea Trade: In 2022, Bhutan exported $2.09M to South Korea. The main products that Bhutan exported to South Korea were N/A. Over the past 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 207%,  from $7.68k in 2017 to $2.09M in 2022.

In 2022, Bhutan did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $599k and imported $711k from Bhutan, resulting in a negative trade balance of $112k. Between December 2023 and December 2024 the exports of South Korea have increased by $311k (108%) from $288k to $599k, while imports increased by $711k (N/A%) from $0 to $711k.

Trade In December 2024, the top exports of South Korea to Bhutan were Preparations of cereals, flour, starch or... ($164k), Perfumery & cosmetics ($135k), Beverages, spirits, & vinegar ($18k), Cars, tractors, trucks & parts thereof. ($9k), and Soap, cleaners, candles, dental, modelling pastes ($5k). In December 2024 the top imports of South Korea from Bhutan were Preparations of cereals, flour, starch or... ($0), Miscellaneous edible preparations ($0), Beverages, spirits, & vinegar ($0), Perfumery & cosmetics ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Bhutan was explained primarily by an increase in product exports in Preparations of cereals, flour, starch or... ($161k or 5.37k%), Perfumery & cosmetics ($59k or 77.6%), and Beverages, spirits, & vinegar ($5k or 38.5%). In December 2024, the increase in South Korea's year-by-year imports  from Bhutan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$311k(108%)
IMPORT GROWTH (December 2023 - December 2024)$711k(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Bhutan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bhutan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $9.07M to Bhutan. There were not main exports from South Korea to Bhutan in 2022. During the last 5 years the exports of South Korea to Bhutan have decreased at an annualized rate of 4.54%, from $11.4M in 2017 to $9.07M in 2022.

In 2017, Bhutan exported $2.09M to South Korea. There were not main exports from Bhutan to South Korea in 2017. During the last 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 207%, from $7.68k in 2022 to $2.09M in 2017.

Exports from South Korea (Flag) to Bhutan (Flag) (2022)

Exports from Bhutan (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Bhutan
Top DestinationIndia$421M

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

In 2023, countries that imported more from South Korea than Bhutan included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Bhutan than South Korea included Liberia ($594).

Difference in imports from Bhutan (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Bhutan

Flow
Scale

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

During 2022, South Korea had a large net trade with Bhutan in the exports of .

During 2017, Bhutan had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Bhutan (Flag) (2022)

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