2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Philippines-Bhutan Trade: In 2023, Philippines exported $137k to Bhutan. The main products that Philippines exported to Bhutan were Broadcasting Equipment ($127k), Rolled Tobacco ($7.17k), and Electrical Transformers ($1.1k). Over the past 5 years the exports of Philippines to Bhutan have decreased at an annualized rate of 1.82%, from $150k in 2018 to $137k in 2023.

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

Bhutan-Philippines In N/A, Bhutan did not export any products to Philippines.

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

Comparison In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64),  and 42 in total exports ($101B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $137k to Bhutan. The main products exported from Philippines to Bhutan were Broadcasting Equipment ($127k), Rolled Tobacco ($7.17k), and Electrical Transformers ($1.1k). During the last 5 years the exports of Philippines to Bhutan have decreased at an annualized rate of 1.82%, from $150k in 2018 to $137k in 2023.

Bhutan does not register exports to Philippines. The main products exported from Bhutan to Philippines were Electrical Control Boards ($239).

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Bhutan
Top Destination
India$421M

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

In 2023, countries that imported more from Philippines than Bhutan included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

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

Comparative Advantage Philippines - Bhutan

Flow
Scale

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

During 2023, Philippines had a large net trade with Bhutan in the exports of Machines ($129k), Foodstuffs ($7.17k), and Transportation ($834).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with