In 2020, Bhutan exported a total of $183M, making it the number 178 exporter in the world. During the last five reported years the exports of Bhutan have changed by -$76M from $259M in 2015 to $183M in 2020.
In 2019, Bhutan exported $168M worth of services. The top services exported by Bhutan in 2019 were Personal travel ($111M), Transportation ($38.3M), Business travel ($9M), Financial services ($3.61M), and Insurance services ($2.61M).
The top services imported by Bhutan in 2019 were Personal travel ($62.2M), Construction services ($54.8M), Transportation ($54.3M), Other business services ($18.2M), and Government services, n.i.e. ($10.4M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Bhutan are:136: Most Favoured Nation duty rate treatement239: Preferential tariff for India366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)
The top export opportunities for Bhutan according to the relatedness index, are Crude Petroleum (0.05), Spices (0.048), Aluminium Ore (0.048), Petroleum Gas (0.048), and Sulphur (0.048). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bhutan is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Bhutan. These are products that tend to be co-exported with the products that Bhutan exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.