Bhutan (BTN) and India (IND) Trade | The Observatory of Economic Complexity

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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 20.4%, 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).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $343M to India. The main products exported from Bhutan to India were Ferroalloys ($225M), Dolomite ($46.6M), and Cement ($15.1M). During the last 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, India exported $1.01B to Bhutan. The main products exported from India to Bhutan were Refined Petroleum ($140M), Coke ($48.3M), and Wood Charcoal ($45.2M). During the last 5 years the exports of India to Bhutan have increased at an annualized rate of 20.4%, from $401M in 2022 to $1.01B in 2017.

Exports from Bhutan () to India () (2022)

Exports from India () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Bhutan included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Bhutan - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with India in the exports of Metals ($232M), Mineral Products ($82.6M), and Foodstuffs ($10.6M).

During 2017, India had a large net trade with Bhutan in the exports of Mineral Products ($231M), Machines ($172M), and Metals ($124M).

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 India. This means that a dot/product with the flag of Bhutan indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Bhutan.

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Historical Data

Bilateral Trade by Products

Exports from Bhutan () to India () (2022)

Exports from India () to Bhutan () (2022)

Latest Data

Trade between Bhutan () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Bhutan - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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