2022
Exports
$7.45MWorld Rnk 113 / 223
Flag Rnk 6 / 75
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$17.7MWorld Rnk 178 / 226
Flag Rnk 14 / 95

About

Exports In 2022, Bhutan exported $7.45M in Pharmaceutical products, making it the 113th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most exported product in Bhutan. The main destination of Pharmaceutical products exports from Bhutan are: Colombia ($7.41M), United Kingdom ($23.6k), Burundi ($11.5k), Namibia ($1.64k), and Belgium ($1.16k).

The fastest growing export markets for Pharmaceutical products of Bhutan between 2021 and 2022 were Colombia ($7.41M), United Kingdom ($23.6k), and Burundi ($2.79k).

Imports In 2022, Bhutan imported $17.7M in Pharmaceutical products, becoming the 178th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 14th most imported product in Bhutan. Bhutan imports Pharmaceutical products primarily from: India ($6.55M), Belgium ($4.17M), Denmark ($1.98M), Singapore ($1.81M), and United States ($1.63M).

The fastest growing import markets in Pharmaceutical products for Bhutan between 2021 and 2022 were Belgium ($2.92M), United States ($1.56M), and Singapore ($1.24M).

Latest Trends

Jul 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 Pharmaceutical products. 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 (2022)$7.45M
IMPORTS (2022)$17.7M
NET TRADE (2022)-$10.3M

In 2022, Bhutan exported $7.45M in Pharmaceutical products. The main destinations of Bhutan exports on Pharmaceutical products were Colombia ($7.41M), United Kingdom ($23.6k), Burundi ($11.5k), Namibia ($1.64k), and Belgium ($1.16k).

In 2022, Bhutan imported $17.7M in Pharmaceutical products, mainly from India ($6.55M), Belgium ($4.17M), Denmark ($1.98M), Singapore ($1.81M), and United States ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bhutan WERE (2021 - 2022):
Colombia$7.41M (1%)
United Kingdom$23.6k (1%)
Burundi$2.79k (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bhutan WERE (2021 - 2022):
Singapore-$414 (-100%)
Nepal-$237 (-62.9%)
Thailand-$140 (-76.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bhutan's main exporting competitors in Pharmaceutical products were:
In 2022, Bhutan's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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