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2022
Flag → Flag
Exports $343MRnk 1 / 73
2022
Flag → Flag
Top Product $225MFerroalloys
2022
Flag → Flag
Exports $1.01BRnk 62 / 217
2022
Flag → Flag
Top Product $140MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Bhutan-India Trade: In 2022, Bhutan exported $343M to India. The main products that Bhutan exported to India were Ferroalloys ($225M), Dolomite ($46.6M), and Cement ($15.1M). Over the past 5 years the exports of Bhutan to India have increased at an annualized rate of 10.6%, from $207M in 2017 to $343M in 2022.

In 2017, Bhutan exported services to India worth $51.1M, with Travel ($25M), Transportation ($24M), and Insurance services ($1.3M) being the largest in terms of value.

India-Bhutan Trade: In 2022, India exported $1.01B to Bhutan. The main products that India exported to Bhutan were Refined Petroleum ($140M), Coke ($48.3M), and Wood Charcoal ($45.2M). Over the past 5 years the exports of India to Bhutan have increased at an annualized rate of 20.4%,  from $401M in 2017 to $1.01B in 2022.

In 2022, India did not export any services to Bhutan.

Comparison In 2022,  Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bhutan exported $343M to India. The main products exported from Bhutan to India were Ferroalloys ($225M), Dolomite ($46.6M), and Cement ($15.1M). During the last 5 years the exports of Bhutan to India have increased at an annualized rate of 10.6%, from $207M in 2017 to $343M in 2022.

In 2017, India exported $1.01B to Bhutan. The main products exported from India to Bhutan were Refined Petroleum ($140M), Coke ($48.3M), and Wood Charcoal ($45.2M). During the last 5 years the exports of India to Bhutan have increased at an annualized rate of 20.4%, from $401M in 2022 to $1.01B in 2017.

Exports from Bhutan (Flag) to India (Flag) (2022)

Exports from India (Flag) to Bhutan (Flag) (2022)

Latest Data

Trade between Bhutan (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Bhutan
Top DestinationIndia$343M
India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Bhutan or India. Each country is colored based on the difference in imports they receive from Bhutan and India or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Bhutan than from India.

In 2022, countries that imported more from India than Bhutan included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and Bhutan (Flag) (2022)

Comparative Advantage Bhutan - India

Flow
Scale

This chart compares trade between Bhutan and India by product, considering products traded by both, Bhutan and India.

During 2022, Bhutan had a large net trade with India in the exports of Metals ($232M), Mineral Products ($82.6M), and Foodstuffs ($10.6M).

During 2017, India had a large net trade with Bhutan in the exports of Mineral Products ($231M), Machines ($172M), and Metals ($124M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bhutan and India. This means that a dot/product with the flag of Bhutan indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Bhutan.

Product Space of Bhutan (Flag) and India (Flag) (2022)

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