Bhutan / India

Bhutan-India Trade: In 2023, Bhutan exported $421M to India. The main products that Bhutan exported to India were Ferroalloys ($183M), Planes, Helicopters, and/or Spacecraft ($103M), and Dolomite ($50.5M). Over the past 5 years the exports of Bhutan to India have increased at an annualized rate of 10.7%, from $253M in 2018 to $421M in 2023.

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 2023, India exported $980M to Bhutan. The main products that India exported to Bhutan were Refined Petroleum ($165M), Iron Reductions ($39.3M), and Propylene Polymers ($37.6M). Over the past 5 years the exports of India to Bhutan have increased at an annualized rate of 8.46%,  from $653M in 2018 to $980M in 2023.

In 2023, India did not export any services to Bhutan.

Comparison In 2023,  Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).