Bhutan (BTN)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Bhutan - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | India (IND) | 77.6% $337.93M | 79.9% $1.03B | 79.3% $1.37B |
| 2 | China (CHN) | 0.8% $3.60M | 6.5% $83.32M | 5.0% $86.92M |
| 3 | Bangladesh (BGD) | 14.0% $60.89M | 0.7% $9.66M | 4.1% $70.55M |
| 4 | Singapore (SGP) | 0.1% $239.21K | 5.2% $66.75M | 3.9% $66.99M |
| 5 | Thailand (THA) | 0.0% $136.16K | 1.7% $21.39M | 1.2% $21.53M |
| 6 | Italy (ITA) | 4.2% $18.47M | 0.2% $2.57M | 1.2% $21.03M |
| 7 | China, Hong Kong SAR (HKG) | 0.0% $0 | 1.5% $19.41M | 1.1% $19.41M |
| 8 | Nepal (NPL) | 2.0% $8.65M | 0.4% $5.58M | 0.8% $14.22M |
| 9 | Sweden (SWE) | 0.0% $0 | 0.5% $6.37M | 0.4% $6.37M |
| 10 | Germany (DEU) | 0.0% $110.34K | 0.4% $5.09M | 0.3% $5.21M |
- In 2024, Bhutan reported a trade deficit of -$854.2M, with total exports of $435.6M and imports of $1.3B.
- Bhutan ranked 154th in total trade globally for the latest year.
- The country's top export product is Iron and steel, with a total export value of $221.7M, representing 50.9% of all exports.
- The top import product is Mineral fuels and oils, with a value of $238.8M, accounting for 18.5% of total imports.
- India was Bhutan's top export destination, receiving $337.9M or 77.6% of Bhutan's total exports.
- India was also the largest source of imports, valued at $1.0B, which is 79.9% of Bhutan's total imports.
Exports Profile
In 2024, Bhutan's total exports were valued at $435.6M. The country's export profile is dominated by a few key products. The leading export category is Iron and steel, which accounted for $221.7M or 50.9% of the total. The second-largest export category is Salt; sulphur; earths, stone; plastering materials, lime and cement, valued at $142.7M. Bhutan's primary export partner is India, which receives 77.6% of its exports, valued at $337.9M. Other significant export destinations include Bangladesh ($60.9M) and Italy ($18.5M).
Imports Profile
Bhutan's imports in 2024 totaled $1.3B. The most significant import category was Mineral fuels and oils, with a value of $238.8M, making up 18.5% of all imports. This was followed by Machinery and mechanical appliances, which amounted to $155.6M, and Electrical machinery and equipment at $143.4M. Similar to its exports, Bhutan's imports are heavily concentrated with its top partner, India, which supplied goods worth $1.0B (79.9% of total imports). China is the second-largest source of imports, providing $83.3M worth of goods.
Exports
Bhutan - exports over time (Exports), 2016-2023 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Bhutan - export composition by product categories (Exports), 2024 (USD)
Bhutan - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Bhutan - imports over time (Imports), 2016-2023 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.