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2022
Flag → Flag
Exports $1.01BRnk 62 / 217
2022
Flag → Flag
Top Product $140MRefined Petroleum
2022
Flag → Flag
Exports $343MRnk 1 / 73
2022
Flag → Flag
Top Product $225MFerroalloys
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

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.

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.

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

Latest Trends

July, 2024

About

Overview In July 2024, India exported $91.6M and imported $28.6M from Bhutan, resulting in a positive trade balance of $63M. Between July 2023 and July 2024 the exports of India have increased by $23.3M (34%) from $68.4M to $91.6M, while imports increased by $2.4M (9.16%) from $26.2M to $28.6M.

Trade In July 2024, the top exports of India to Bhutan were Petroleum Products ($14.1M), Iron And Steel ($6.1M), Electric Machinery And Equipme ($4.7M), Other Wood And Wood Products ($3.96M), and Products Of Iron And Steel ($3.48M). In July 2024 the top imports of India from Bhutan were Iron And Steel ($21.6M), Processed Minerals ($5.56M), Cmnt, Clinkr And Asbstos Cmnt ($943k), Spices ($455k), and Granit, Natrl Stone And Prodct ($446k).

Growth In July 2024, the increase in India's year-by-year exports to Bhutan was explained primarily by an increase in product exports in Petroleum Products ($4.19M or 42.1%), Iron And Steel ($2.63M or 75.5%), and Electric Machinery And Equipme ($2.07M or 78.8%). In July 2024, the increase in India's year-by-year imports  from Bhutan was explained primarily by an increase in product imports  in Processed Minerals ($1.1M or 24.6%), Granit, Natrl Stone And Prodct ($419k or 1.56k%), and Alcoholic Beverages ($164k or 508%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$23.3M(34%)
IMPORT GROWTH (July 2023 - July 2024)$2.4M(9.16%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Bhutan and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bhutan and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $1.01B in 2022.

In 2017, 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 2022 to $343M in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage India - Bhutan

Flow
Scale

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

During 2022, India had a large net trade with Bhutan in the exports of Mineral Products ($231M), Machines ($172M), and Metals ($124M).

During 2017, Bhutan had a large net trade with India in the exports of Metals ($232M), Mineral Products ($82.6M), and Foodstuffs ($10.6M).

Economic Complexity

Competitive Landscape

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

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

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