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Exports In 2023, Bhutan exported $212M in Ferroalloys, making it the 29th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 1st most exported product in Bhutan. The main destination of Ferroalloys exports from Bhutan are: India ($183M), Italy ($17.3M), China ($2.89M), Indonesia ($2.89M), and Spain ($1.44M).

The fastest growing export markets for Ferroalloys of Bhutan between 2022 and 2023 were Indonesia ($1.22M), Spain ($1M), and Slovenia ($864k).

Imports In 2023, Bhutan imported $2.3M in Ferroalloys, becoming the 113th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 99th most imported product in Bhutan. Bhutan imports Ferroalloys primarily from: India ($2.29M) and Thailand ($3.98k).

The fastest growing import markets in Ferroalloys for Bhutan between 2022 and 2023 were India ($876k) and Thailand ($3.55k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$212M
IMPORTS (2023)$2.3M
NET TRADE (2023)$210M

In 2023, Bhutan exported $212M in Ferroalloys. The main destinations of Bhutan exports on Ferroalloys were India ($183M), Italy ($17.3M), China ($2.89M), Indonesia ($2.89M), and Spain ($1.44M).

In 2023, Bhutan imported $2.3M in Ferroalloys, mainly from India ($2.29M) and Thailand ($3.98k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Bhutan WERE (2022 - 2023):
Indonesia$1.22M (73.2%)
Spain$1M (230%)
Slovenia$864k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Bhutan WERE (2022 - 2023):
India-$41.2M (-18.3%)
Italy-$3.03M (-14.9%)
South Korea-$2.09M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bhutan's main exporting competitors in Ferroalloys were:
In 2023, Bhutan's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

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N/A
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Ferroalloys’s highest export potential is N/A. With an export gap of N/A.   Ferroalloys’s highest import potential is N/A with an import gap of N/A.

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