Bhutan-India Trade: In 2022, Bhutan exported $343M to India. The main products that Bhutan exported to India were Ferroalloys ($225M), Dolomite ($46.6M), and Cement ($15.1M). Over the past 5 years the exports of Bhutan to India have increased at an annualized rate of 10.6%, from $207M in 2017 to $343M in 2022.
In 2017, Bhutan exported services to India worth $51.1M, with Travel ($25M), Transportation ($24M), and Insurance services ($1.3M) being the largest in terms of value.
India-Bhutan Trade: In 2022, India exported $1.01B to Bhutan. The main products that India exported to Bhutan were Refined Petroleum ($140M), Coke ($48.3M), and Wood Charcoal ($45.2M). Over the past 5 years the exports of India to Bhutan have increased at an annualized rate of 16.7%, from $401M in 2017 to $1.01B in 2022.
In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).