2023
Exports
$53.4kWorld Rnk 205 / 226
Flag Rnk 25 / 74
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$37.2MWorld Rnk 170 / 226
Flag Rnk 8 / 96

About

Exports In 2023, Bhutan exported $53.4k in Iron or steel articles, making it the 205th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 25th most exported product in Bhutan. The main destination of Iron or steel articles exports from Bhutan are: Austria ($20.2k), Brazil ($14.1k), India ($9.83k), Switzerland ($5.99k), and Singapore ($1.47k).

The fastest growing export markets for Iron or steel articles of Bhutan between 2022 and 2023 were Austria ($20.2k), Brazil ($14.1k), and Switzerland ($5.99k).

Imports In 2023, Bhutan imported $37.2M in Iron or steel articles, becoming the 170th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most imported product in Bhutan. Bhutan imports Iron or steel articles primarily from: India ($35.5M), China ($963k), Spain ($442k), Thailand ($88.5k), and Switzerland ($63.4k).

The fastest growing import markets in Iron or steel articles for Bhutan between 2022 and 2023 were India ($4.72M), Spain ($442k), and China ($144k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron or steel articles. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$53.4k
IMPORTS (2023)$37.2M
NET TRADE (2023)-$37.2M

In 2023, Bhutan exported $53.4k in Iron or steel articles. The main destinations of Bhutan exports on Iron or steel articles were Austria ($20.2k), Brazil ($14.1k), India ($9.83k), Switzerland ($5.99k), and Singapore ($1.47k).

In 2023, Bhutan imported $37.2M in Iron or steel articles, mainly from India ($35.5M), China ($963k), Spain ($442k), Thailand ($88.5k), and Switzerland ($63.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Bhutan WERE (2022 - 2023):
Austria$20.2k (1%)
Brazil$14.1k (1%)
Switzerland$5.99k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Bhutan WERE (2022 - 2023):
India-$22.1k (-69.2%)
Nepal-$253 (-100%)
Philippines-$86 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bhutan's main exporting competitors in Iron or steel articles were:
In 2023, Bhutan's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Iron or steel articles’s highest export potential is N/A. With an export gap of N/A.   Iron or steel articles’s highest import potential is N/A with an import gap of N/A.

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