Major exports of bhutan. Total Export Value 2014 - 2023.
Major exports of bhutan A large portion of Asia’s major exports are electronics circuits including related components, petroleum oils Import and Export Figures India is Bhutan’s largest trade partner. Read more Bhutan: Main export partners in 2022 The main destination of Rice exports from Bhutan are: United Arab Emirates ($668), Thailand ($42), Singapore ($19), and Nepal ($15). Bhutan in the 21 st century is an integral component in the South Asian trade and commerce machinery. Export and Import Price Index-Q3 2024 01/12/2024 (27 downloads ) Tables XMPI 01/12/2024 Thimphu : Bhutan Telphone#: +975-2-333296/335848 Fax # : +975 -2 - 323069 Post Box No. 29 Million (M) to the country’s economy during the first quarter of this year. This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. 91 billion and constituted 94. Bhutan's hydropower potential is a significant source of revenue for the country, and India has been instrumental in assisting Bhutan in developing its hydropower projects. 7k), and United Arab Emirates ($1. Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. The main products that Germany exported to Bhutan were Centrifuges ($1. Bhutan’s major trading partner is India. This page provides forecast and historical data, charts, statistics, news and updates for Bhutan Exports of Goods and Services. Bhutan exports about 90% to India, which is the country’s source for 70% imports. Imports In 2022, Bhutan imported $25M in Rice, becoming the 117th largest importer of Rice in the Big Cardamom. 33k). 338 E-mail: nsbictinfo@gmail. Over the past 5 years the exports of India to Bhutan have increased at an annualized rate of 20. Thanks to machine grading and online auctioning of potatoes, which helps boil down entire transactions in an average of six hours, farmers – used to waiting up to five days for manual grading and physical auctioning – have made It is also the most important export item contributing about 63% percent of Bhutan’s total exports. 281. Import Value in The strategy identifies current challenges, outlines opportunities, and recommends policy shifts and interventions for export diversification as Bhutan prepares to put its economy back on track to build back better from the COVID-19 pandemic and graduate sustainably from the Least Developed Country (LDC) status. Bhutan-India Trade: In 2022, Bhutan exported $343M to India. 164 Bhutan services export is 21,902,654. 21M), and Office Machine Parts ($511k). Here’s how you know Total Export Value 2014 - 2023. Bhutan’s hydropower exports comprise 40% of total exports and 25% of the government’s total revenue. Abbreviations DZN Quantity in Dozen Export 7,619 Import 23,905 BOT -16,286 1. 52M), Sports Equipment ($1. 49 in BoP, current US$ and services import is 209,657,430. Trade st1 QTR Export 2,224 Import 3,728 BOT -1,504 2. This section shows exports and imports data at subnational level for China. 4. 74 in 1983. 4% (123 million US$): 72 - Iron and steel; 11. The following types of Bhutanese product shipments represent positive net exports or a trade balance surplus. Merchandise exports are goods that are produced in one country and sold to another country. Bhutan's main exports partner is India, accounting for around 97 percent of Bhutan had a total export of 531,227. The two countries have a free trade relationship agreement. 74 percent, was reached in 1983 while the maximum of 52. The main destination of Textiles exports from Bhutan are: France ($10. This National Export Strategy is a key pillar of these efforts. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. In 2002, India built Major exports from India to Bhutan are mineral products, machinery and mechanical appliances, electrical equipment, base metals, vehicles, vegetable products, plastics, and articles. 1. 38 billion, constituting 78% of its total imports (India Bhutan relations, 2008). crude); preparation, worth 130,568. 3 Balance of Trade with countries other than India Value in million Nu. Bhutan’s import in the same year was at Nu. The country has undertaken several hydropower projects whose outputs are mainly for export to other countries, especially India. Exports of goods and services represent the value of all Bhutan’s top export category was Agricultural products. 34 (US$ Thousands). 69B, a 19. The main destination of Ferroalloys exports from Bhutan are: India ($225M), Italy ($18. ; Bhutan imported Ferrous products obtained by direct reduction o, worth 40,694. Exports enable nations to leverage their competitive advantages, Trade data analysis for Bhutan in 2023 with TradeDataPlus, including top origin & destination countries, leading buyers & suppliers, top import & export products, all custom data & shipping data. Bhutan's abundance of rivers and mountainous terrain position it as a major exporter of hydropower. Skip to main content. 04 in thousands of US$ and total imports of 991,702. Agriculture consists largely of subsistence farming and animal husbandry. In 2012, Bhutan major trading partner countries for exports were India, Bangladesh, Italy, Japan and Nepal and for imports they were India, Korea, Rep. by countryaah · Published June 1, 2019 · Updated November 1 The first table below shows top trading partners of Bhutan in terms of export sales (selling), including India, Nepal, and Hong Kong. , China, Japan and Austria. India Exports to Bhutan - data, historical chart and statistics - was last updated on January of 2025. 4M), China ($2. Imports from India were of the order of Rs. Exports of goods and services (% of GDP) in Bhutan was 29. 1k), Germany ($10. 7. 7% of total exports and 78. What is Bhutan’s most valuable export? Bhutan’s most valuable export is hydropower to India. 9 billion worth of goods against BTN 108. The most recent exports are Bhutan’s import source has now increased to 61 countries from 43 countries, and export market expanded to 44 countries from 16 countries within a decade. Notable firms. 5% of imports. Historically, the average for Bhutan from 1980 to 2022 is 30. In a nutshell, net exports represent the amount by which foreign spending on a home See more In 2022, Bhutan exported a total of $392M, making it the number 177 exporter in the world. Hydroelectricity is Bhutan’s largest export. 77M in 2022. 4%, from $401M in 2017 to $1. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO India is Bhutan's largest trading partner and Bhutan's major export destination. 7B. Bhutan's main imports partner is India, accounting for around 80 percent of total imports. 43. An official website of the United States government. Rinchen Dorji Tel: +(975)-5-252973 Products: Limestone, Lumps and Powder; CHUKHA EXPORTS Post Box No. Bhutan, State of Asia; 46,000 km², 754,900 residents (2019). 471 acres 2 Dzongkhag means District The main destination of Limestone exports from Bhutan are: India ($1. Bhutan Major Trade Partners. The Big Cardamom (Amomum subulatum Roxb) is one of the major export commodities of Bhutan. That is, most products are imported Bhutan’s largest export - hydropower to India - could spur sustainable growth in the coming years if Bhutan resolves chronic delays in construction. 41 percent. Export and Import Price Index 2024. Other exports include metals, chemical products, food, wood and rubber. 58 in thousands of US$The Exports and imports of Bhutan in 2020 are below, along with number of countries and products. In 2022, Bhutan’s main export destination markets for goods and services trade were to India, Bangladesh and Italy. Although Bhutan has hydropower potential of Merchandise Trade summary statistics data for Bhutan (BTN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year World map by net trade in goods (current US$), 2023, according to World Bank. Trade nd2 QTR Export 4,882 Import 2,783 BOT 2,099 2. Included are merchandise exports and service exports. The project aims to ensure swift grading and auctioning of potatoes, one of Bhutan’s major agricultural exports. Over the past 5 years the exports of Germany to Bhutan have increased at an annualized rate of 14%, from $2. 9% and 8. Bhutan exports for 2019 was $0. VII 7. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior Exports In 2022, Bhutan exported $204k in Spices, making it the 115th largest exporter of Spices in the world. The total export value in 2020 including electricity was Nu. 1%) and other countries (see Table 4 ). 2 percent in 2021. Export Value by Commodity 2023. Total population of Bhutan 2029; Population growth in Bhutan 2023; "Bhutan: Export of goods from 2013 to 2023 (in billion U. The total value of exports (FoB) was not available. S. The Kingdom of Bhutan, also known as the Land of the Thunder Dragon, has large water reserves for producing hydroelectricity, the WFP will facilitate exports of Bhutan’s five major cash crops, benefiting exporters and farmers from six central districts. Druk Green Power Corporation, which controls all electricity generation plants of the country, is the highest tax payer of the country. 79 as of 2020. Over the past 5 years the exports of Bhutan to Germany have increased at an annualized rate of 104%, from $134k in 2017 to $4. The fastest growing export markets for Limestone of Bhutan between 2021 and 2022 were India ($470k). 6B. April 10, 2024. They exclude compensation of Imports structure to Bhutan in 2012 represented by the following main commodity groups: 18. Premium Statistic Trade balance of goods of Bhutan 2023 India Exports to Bhutan was US$979. During the year 2001-2002, inclusive of electricity, Bhutan’s export to India totaled Rs. Exports of Goods and Services for Bhutan from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. 01B in 2022. 8%) of all globally exported products during 2022 originated from suppliers in Asia and Europe. Bhutan’s total export to Bangladesh stood at Nu. Premium Statistic Share of paper Bhutan Trade Classification (BTC), 2022 and the Convention on Harmonized System of World Customs Organization. Hydropower. Who Are the Top Coal Exporters to India? With the export quantities of Nepal (0. 6k), Japan ($9. Trade in Electricity Plant/Utility Net Export (MU) Import (MU) Tariff (Nu/Unit) Export Value in million Nu. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. The capital is Thimphu (114,600 residents, 2017). 6M), and Cement ($15. At the same year, Ferroalloys was the 1st most exported product in Bhutan. Bhutan currently taps only 6. Hydropower exports account for a significant portion of Bhutan’s total exports and contribute to the government’s revenue. Bhutan exports of goods and services as percentage of GDP is % and imports of goods and services as percentage of GDP is %. export commodity in Bhutan generating foreign exchange of USD 13 million in 2014 (BTS, 2014). 26 in Bop, current US$. 79 percent, a decline from 29. The fastest growing export markets for Rice of Bhutan between 2021 and 2022 were Thailand ($42) and Nepal ($15). Service exports refer to the cross-border sale or supply of services by Bhutan has the second highest per capita income in South Asia after the Maldives. The ministry's latest quarterly macroeconomic situation report raises concerns about how Bhutan can effectively meet its During the visit, four major bilateral projects including the 720 MW Mangdechhu Hydroproject, the Ground Earth Station of ISRO for utilization of the South Asian exports to Bhutan amounted to INR 8509 crores and India's imports from Bhutan were INR 2669 crores. The total value of imports (CIF) was not Bhutan exports for 2020 was $0. ; Bhutan imported Wire of refined copper of which the max cross s, worth Exports In 2022, Bhutan exported $66. Any content on this site shall not be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without prior written permission of the publisher, except in the case of Exports of goods and services (current US$) - Bhutan from The World Bank: Data Bhutan: Exports of goods and services as percent of GDP: The latest value from 2022 is 25. In terms of imports, Bhutan is the world’s 180th largest In 2023, India was by far the main trading partner, accounting for 52. 9%, Exports of goods and services (% of GDP) - Bhutan from The World Bank: Data Bhutan’s major exports to India includes electricity, ferro-silicon, dolomite, semi-finished product of iron or non-alloy steel, Portland pozzalana cement, cardamoms, pebbles gravel, gypsum, carbide of silicon, ordinary Portland cement, etc. Top 10 Exports to Bhutan in 2023 which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world’s MAIN EXPORTER (October 2024) Guangdong Province $68. First-hand information were collected from 60 growers, 12 Bhutanese traders and exporters of the four main cardamom growing Dzongkhags – Dagana, Chukha, Sarpang and Samtse-, market facilitators such as the Bhutan Exporters Association (BEA) and around six Indian traders. 5k in Limestone, becoming the However, the main source of revenue is the sale of electricity to India. Bhutan imported Petroleum oils, etc, (excl. In 2020, DAMC provided close facilitation service for the export of all RNR produce unlike in past years, and they had placed people on the ground in important export gateways in Phuentsholing, Samdrupjongkhar, Gelephu and Nganglam. India is also Bhutan's largest export market, the most important trade partner, accounting for 50% of Bhutan's trade, and one of the top foreign investors in the country, while Bhutan has been Map of countries by exports, 2023. Bhutan’s economy experienced rapid average annual growth of 7% between 1988 and 2018 (Asian Development Bank, 2023). Trade Flow. 01M), Vaccines, blood, antisera, toxins and cultures ($567k), and Tufted Carpets ($357k). 73M to Bhutan. The second lists top trade partners of Bhutan regarding import total (buying). 2% (111 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof Exports of goods and services (% of GDP) - Bhutan from The World Bank: Data In 2022, the main export partner of Bhutan was India, with an estimated share of 88 percent in exports. . This page provides forecast and historical data, charts, statistics, news and updates for Bhutan Exports of Goods. Indicator. 57 Million during 2023, according to the United Nations COMTRADE database on international trade. Based on global export data, Indonesia is the largest exporter of coal with the export value of $104. The main products that Bhutan exported to Germany were Ferroalloys ($386k), Audio Alarms ($202k), and Sulfate Chemical Woodpulp ($16k). This consisted of Nu 2,468. Continent exports scorecard By value, almost four-fifths (78. 4% (182 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes; 12. Bhutan predominantly had trading relations with India after the 1960 ban on Tibet. 28 in 2007, while its lowest value was 12. 6M in Wood Products, becoming the 112th largest importer of Wood Products in the world. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. 85% decline from 2019. India’s top exports to Bhutan are petrol & diesel, passenger cars, rice, wood Australia Exports to Bhutan was US$2. 60 (US$ Thousands). 48M in 2017 to $4. 4 billion U. " Chart. The main products that Bhutan exported to India were Ferroalloys ($225M), Dolomite ($46. MAIN DESTINATION (October 2024) United States $46. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult. Beginning July Note: Export value less than or equal to Nu. 29. The main destination of Spices exports from Bhutan are: India ($158k), France ($21. 833 MT) and Bangladesh (0. Exports of Goods for Bhutan from The World Bank for the World Development Indicators (WDI) release. dollars). 36 India-Bhutan Trade: In 2022, India exported $1. Bhutan's hydropower potential is a significant source of revenue for the country, and India has been instrumental in assisting Bhutan in developing Bhutan-Germany Trade: In 2022, Bhutan exported $4. In recent years, the crop has undergone several changes on the demand as well as supply front. Hydroelectric power is Bhutan’s largest export product, yet 70% of the population doesn’t have electricity and depends on firewood for energy. Bhutan can no longer rely on hydropower exports as a major source of foreign currency earnings. In comparison, the world average is 46. 51 billion and excluding electricity This website is brought to you by the Ministry of Finance, Royal Government of Bhutan. 3M), and Wood Charcoal ($45. At the same year, Wood Products was the 8th most imported Bhutan mainly imports oil and fuels, base metals, machinery and electrical appliances, vehicles, wood and food. Merchandise Trade statistics data for Bhutan (BTN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Hydroelectricity accounts for the major share of its exports. Australia Exports to Bhutan - data, historical chart and statistics - was last updated on January of 2025. In 2023, goods worth around 1. During the last five reported years the exports of Bhutan have changed by $155M from $237M in 2017 to $392M in 2022. Germany-Bhutan Trade: In 2022, Germany exported $4. The most important statistics. Country. Bhutan’s trade, exports and imports industry has flourished during the 8 th and 9 th five-year plan, and is slowly but surely making its mark on the SAARC economy. Bhutan is a developing nation with an annual GDP of over 2. 6M), South Korea ($1. 37k), and United States ($2. Bhutan is among the richest by gross domestic product (nominal) per Merchandise Trade statistics data for Bhutan (BTN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Exports In 2018, Bhutan exported $251M in Ferroalloys, making it the 37th largest exporter of Ferroalloys in the world. Other imports partners include South Korea, Thailand, Singapore, Japan, China and Nepal. 245 MT), they were the largest expert markets for Indian coal. 12% increase from 2018. 05M). 96k). This time’s meeting is to facilitate and promote smooth trading between the two countries. 77M to Bhutan. 6%, from $207M in 2017 to $343M in 2022. 53 percent, based on data from 161 countries. 7% Merchandise Trade statistics data for Bhutan (BTN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most Bhutan mostly exports electricity to India (around 50 percent of total exports). This list includes notable companies with primary headquarters located in Exports play a vital role in the interconnected global economy, serving as a catalyst for economic growth, job creation, and international cooperation. [1] The government is a parliamentary democracy. 69k). Cultural Importance: Phuentsholing Bhutan Contact: Major Pem Tshering Tel:+(975)-5-252537/252503 Fax: +(975)-5-252836 Product:Rum and Whisky; BUMTHANG BEER Bumthang Bhutan BHUTAN STONE/MINERAL EXPORT Phuentsholing Bhutan Contact: Mr. The main products that India exported to Bhutan were Refined Petroleum ($140M), Coke ($48. Over the past 5 years the exports of Bhutan to India have increased at an annualized rate of 10. 62 in thousands of US$ leading to a negative trade balance of -460,475. 30 billion in 2023–24. Standard users can export data in a easy to use United States-Bhutan Trade: In 2022, United States exported $4. Other export destinations were Bangladesh, Italy, Nepal, and China. 1 1 hectare (ha) equals to 2. India is Bhutan's largest trading partner, and Bhutan's major export destination. Bhutan is endowed with abundant water and hydropower forms an important sector of the Bhutanese economy. 8k), Malaysia ($11. com All Archives Bhutan and Bangladesh signed bilateral trade agreement in 1980. Main exporting Merchandise trade statistics Bhutan (BTN) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2021 India is Bhutan’s top trade partner both as an import source and as an export destination. 5% of its 24,000-megawatt hydropower potential and is behind The fastest growing export markets for Wood Products of Bhutan between 2021 and 2022 were India ($504k), United Kingdom ($8. Over the past 5 years the exports of United States to Bhutan have decreased at an annualized rate of 32. Imports In 2022, Bhutan imported $4. The finance ministry projects that the country’s net energy exports will decrease, potentially falling to around Nu 950 M by 2026. At the same year, Spices was the 34th most exported product in Bhutan. 51M). 54k), Switzerland ($6k), Germany ($5. Export diversification is therefore critical, and it is encouraging to note that the Royal Government of Bhutan has prioritized the growth of a diversified economy as part of its 12th FiveYear Plan. 2,000,000 is excluded for computation of export ranking order. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. The following article lists different countries and territories by their exports according to data from the World Bank. Export 7,182 Import 20,803 BOT -13,621 1. The main products that United States exported to Bhutan were Vaccines, blood, antisera, toxins and cultures ($1. manufacturing engaged in small and cottage industries. 86B, a 14. Since 2014, India’s trade with Bhutan has almost tripled from USD 484 million in 2014-15 to USD 1422 million in 2021-22, accounting for about 80% of Bhutan’s overall trade, with the balance of trade in India’s favour, as indicated in the table below: Merchandise trade statistics data for Bhutan (BTN) exports, to partner countries including trade value, number of product exported, Partner Share, and share in total products for year 2019 In 2019, major countries to which Bhutan Exported include Country. Bhutan Imports Bhutan's Major Trading Partners in the Last Five Years (2014 to 2018) India's Top 10 Exports to Bhutan in 2018-19 (US$ million) The combined export value of Bhutan’s major agriculture export commodities (citrus, apple, potato, vegetables and cardamom) in 2017 was Nu 2,394 million, showing a marked increase from 2013 The ‘major industries’ in Bhutan contributed Nu 4,893. The Big Cardamom of Bhutan is known for its high natural qualities containing 2-3% essential oil which is its most desired flavouring property and has other properties like carminative, stomachic, diuretic, cardiac stimulant and antiemetic. 14M from exports to India, Nu 12. Merchandise Trade summary statistics data for Bhutan (BTN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2021 National Statistics Bureau Thimphu : Bhutan Telphone#: +975-2-333296/335848 Fax # : +975 -2 - 323069 Post Box No. Most important export partners for Bhutan in 2022. The country has sustained growth due to the development of the hydroelectric sector and the dynamism of the tourism sector. 3. Year/Range. Imports In 2022, Bhutan imported $53. 9M), and Indonesia ($1. 5 % of its total export. The centre will also support youth employment and local businesses. The top five imported HS 6 digit level products from world by Bhutan along with trade value are. Please note the exports, imports and tariff data are based on reported data and not gap filled. Gain insights into Bhutan's global trade trends and statistics cardamom-exporting countries, Guatemala held the largest share, exporting 60% of the global volume, follo wed by Indonesia, India, the UAE, Nepal (6. Bhutan’s overall export dropped According to figures from the Ministry of Finance, in 2023, the country exported BTN 52. The meeting will also discuss about transit for trade issues. dollars were imported to Bhutan. com Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 01B to Bhutan. The minimum value, 12. At the same year, Textiles was the 12th most exported product in Bhutan. Apart from India, Bhutan imports from China, Singapore, Thailand, and Hong Kong (data Ministry of The economy of Bhutan is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. 35M from exports to countries other than India (COTI), and Nu Graph and download economic data for External Trade: Volume of Exports of Goods and Services for Bhutan (BTNTXRPCPPPT) from 2016 to 2024 about Bhutan, exports, trade, goods, services, and rate. 7M in 2022. 17 Billion in 2012. 28 Million during 2023, according to the United Nations COMTRADE database on international trade. 1M). Across the world, countries engage in exporting a wide range of goods and services, contributing to cross-border trade and fostering economic development. 7M to Germany. 4 billion in imports, marking a decrease of 6. 52k), and Netherlands ($5. Español What are Bhutan's main exports? Major exports of Bhutan. 5 billion US dollars and is one of the happiest countries in Asia. However, the growth of this sector depends on resolving the construction delays that the country often faces. Its highest value over the past 40 years was 56. Bhutan Exports By Country,exports By Country - was last updated on Tuesday, December 31, 2024. Bhutan mostly exports electricity to India (around 50 percent of total exports). 2M). Bhutan Trade Statistics, 2020 is not yet out and the following data is from the records of DAMC. 3k in Textiles, making it the 221st largest exporter of Textiles in the world. Bhutan: Main export partners in 2022. The major items of export from Bhutan to India are electricity, ferrosilicon, portland cement, dolomite, carbides of calcium carbides of silicon, cement clinkers The statistic shows the value of goods imported to Bhutan from 2013 to 2023. Bhutan, located in the Himalayas, borders China (Tibet) in the north and India in the east, south and west.