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falsefalseN/A
2022 - 2023
FASTEST GROWING MARKETfalseNicaragua
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)1.12Rnk 138 / 1025
2023
ImportsfalseWorld Rnk 179 / 226
Flag Rnk 36 / 1042
2022 - 2023
FASTEST GROWING ORIGINfalseN/A

About

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Bhutan between 2022 and 2023 were Nicaragua ($710), Thailand ($700), and Switzerland ($91).

Imports In 2023, Bhutan imported $5.71M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 179th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 36th most imported product in Bhutan. Bhutan imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: India ($4.77M), China ($614k), Singapore ($213k), Thailand ($48.8k), and Japan ($33k).

Latest Trends

Jan 2025

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 Motor vehicles; parts and accessories (8701 to 8705). 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
IMPORTS (2023)$5.71M

In 2023, Bhutan imported $5.71M in Motor vehicles; parts and accessories (8701 to 8705), mainly from India ($4.77M), China ($614k), Singapore ($213k), Thailand ($48.8k), and Japan ($33k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Bhutan WERE (2022 - 2023):
Nicaragua$710 (1%)
Thailand$700 (1%)
Switzerland$91 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Bhutan WERE (2022 - 2023):
India-$2.19k (-65.6%)
Paraguay-$51 (-48.1%)
Ecuador-$20 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bhutan's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Bhutan's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
United States $88.1B
Germany $48.3B
Mexico $32.5B

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

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

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is N/A. With an export gap of N/A.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is N/A with an import gap of N/A.

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