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

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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.

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.

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $24.7M in 2022.

In 2017, 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 2022 to $49.8k in 2017.

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

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

Latest Data

Trade between Thailand () and Bhutan ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationN/AN/A

Bhutan
Top DestinationN/AN/A

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

N/A

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

Comparative Advantage Thailand - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Bhutan in the exports of Textiles ($11.8M), Foodstuffs ($4.18M), and Vegetable Products ($2.22M).

During 2017, Bhutan had a large net trade with Thailand in the exports of Foodstuffs ($25.4k), Plastics and Rubbers ($10.2k), and Transportation ($7.89k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Thailand () and Bhutan ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Thailand - Bhutan

Economic Complexity

Competitive Landscape

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

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