Bhutan (BTN) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Bhutan-Singapore Trade: In 2022, Bhutan exported $4.58M to Singapore. The main products that Bhutan exported to Singapore were Aircraft Parts ($3.69M), Vegetable Saps ($321k), and Broadcasting Equipment ($158k). Over the past 5 years the exports of Bhutan to Singapore have increased at an annualized rate of 36.6%, from $962k in 2017 to $4.58M in 2022.

In 2022, Bhutan did not export any services to Singapore.

Singapore-Bhutan Trade: In 2022, Singapore exported $17M to Bhutan. The main products that Singapore exported to Bhutan were N/A. Over the past 5 years the exports of Singapore to Bhutan have increased at an annualized rate of 11.3%, from $8.02M in 2017 to $17M in 2022.

In 2022, Singapore did not export any services to Bhutan.

Comparison In 2022, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $4.58M to Singapore. The main products exported from Bhutan to Singapore were Aircraft Parts ($3.69M), Vegetable Saps ($321k), and Broadcasting Equipment ($158k). During the last 5 years the exports of Bhutan to Singapore have increased at an annualized rate of 36.6%, from $962k in 2017 to $4.58M in 2022.

In 2017, Singapore exported $17M to Bhutan. There were not main exports from Singapore to Bhutan in 2017. During the last 5 years the exports of Singapore to Bhutan have increased at an annualized rate of 11.3%, from $8.02M in 2022 to $17M in 2017.

Exports from Bhutan () to Singapore () (2022)

Exports from Singapore () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Bhutan included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Bhutan - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Singapore in the exports of Transportation ($3.69M), Vegetable Products ($437k), and Machines ($356k).

During 2017, Singapore had a large net trade with Bhutan in the exports of Machines ($7.7M), Transportation ($3.13M), and Instruments ($2.3M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Singapore () (2022)

Exports from Singapore () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and Singapore ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Bhutan - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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