Bhutan-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $18.78M total volume •Bhutan deficit: $18.65M
Bhutan → Thailand
$62,269
Exports (2023)
Thailand → Bhutan
$18.71M
Imports (2023)
Trade Balance
$18.65M
Deficit for Bhutan
Total Trade
$18.78M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bhutan and Thailand. Green line shows exports from Bhutan, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bhutan-Thailand commercial relationship and competitive positioning in global markets.
Bhutan → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bhutan's export portfolio to Thailand demonstrates strategic specialization, with rubber: used pneumatic tyres representing a key competitive advantage in this bilateral market.
Thailand → Bhutan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bhutan's import pattern from Thailand reveals significant dependencyin units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bhutan demonstrates competitive strength in exportingrubber: used pneumatic tyres to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $18.78M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bhutan-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $18.78 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bhutan maintains a deficit of $18.65 million
- Export Focus: Bhutan's primary exports include rubber: used pneumatic tyres, aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, tools, hand: hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches), non-adjustable
- Import Dependencies: Key imports from Thailand include units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70, fabrics, woven: dyed, containing less than 85% by weight of polyester staple fibres, mixed mainly or solely with cotton, not exceeding 170g/m2, fruit, edible: fruit n.e.c. in heading no. 0812, dried
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $18.78M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bhutan leveraging its comparative advantages in rubber: used pneumatic tyres.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bhutan's specialization in rubber: used pneumatic tyrescomplements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $18.78M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $18.78M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $18.78 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in rubber: used pneumatic tyres and units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bhutan's trade deficit of $18.65 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bhutan and Thailand represents a total trade volume of $18.78 million in 2023. This partnership demonstrates an unfavorable trade balance for Bhutan, with imports exceeding exportsby $18.65 million.
Export Strengths
Bhutan's exports to Thailand total $62.27 thousand, with competitive advantages in rubber: used pneumatic tyres, representing $29,232 or46.9% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $18.71 million, highlighting economic interdependence in units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70, with Units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70 comprising16.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bhutan's strategic sourcing from Thailand. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bhutan and Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023