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2022
Flag → Flag
Exports $9.07MRnk 172 / 220
2022
Flag → Flag
Top Product $1.91MOther Plastic Products
2022
Flag → Flag
Exports $1.9MRnk 7 / 73
2022
Flag → Flag
Top Product $1.9MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Bhutan Trade: In 2022, South Korea exported $9.07M to Bhutan. The main products that South Korea exported to Bhutan were Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). 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 $1.9M to South Korea. The main products that Bhutan exported to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). Over the past 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 201%,  from $7.65k in 2017 to $1.9M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $235k and imported $2.15M from Bhutan, resulting in a negative trade balance of $1.91M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-314k (-57.2%) from $549k to $235k, while imports increased by $959k (80.7%) from $1.19M to $2.15M.

Trade In September 2024, the top exports of South Korea to Bhutan were Perfumery & cosmetics ($76k), Machinery, mechanical appliances, & parts ($69k), Chemical products n.e.s. ($18k), Cars, tractors, trucks & parts thereof. ($18k), and Beverages, spirits, & vinegar ($13k). In September 2024 the top imports of South Korea from Bhutan were Edible products of animal origin, n.e.s. ($0), Sugars & confectioneries ($0), Preparations of cereals, flour, starch or... ($0), Preparations of vegetables, fruit, nuts or... ($0), and Miscellaneous edible preparations ($0).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Bhutan was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-1.1M or -98.4%), Cars, tractors, trucks & parts thereof. ($-291k or -94.2%), and Preparations of cereals, flour, starch or... ($-39k or -92.9%). In September 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 (September 2023 - September 2024)$-314k(-57.2%)
IMPORT GROWTH (September 2023 - September 2024)$959k(80.7%)

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. The main products exported from South Korea to Bhutan were Other Plastic Products ($1.91M), Cars ($1.81M), and Pasta ($1.69M). 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 $1.9M to South Korea. The main products exported from Bhutan to South Korea were Ferroalloys ($1.9M), Electrical Power Accessories ($1.36k), and Water ($753). During the last 5 years the exports of Bhutan to South Korea have increased at an annualized rate of 201%, from $7.65k in 2022 to $1.9M 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$150B
Bhutan
Top DestinationIndia$343M

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 2022, countries that imported more from South Korea than Bhutan included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Bhutan than from South Korea.

Difference in imports from Bhutan (Flag) and South Korea (Flag) (2022)

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 Foodstuffs ($2.05M), Transportation ($2M), and Plastics and Rubbers ($1.91M).

During 2017, Bhutan had a large net trade with South Korea in the exports of Metals ($1.9M), Machines ($1.36k), and Foodstuffs ($753).

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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