2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%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.

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 Destination
China$150B
Bhutan
Top Destination
India$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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Bhutan+N/AN/A
Top Product Potential Bhutan South Korea+N/AN/A

N/A

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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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