Trade Trend

In 2023, Bhutan's total export value is 640.79Million USD, total import value is 1.31Billion USD, Deficit is -672.08Million USD. In 2023，Bhutan's top export products are Ferroalloys(207.37Million USD), Electrical energy(201.92Million USD), Dolomite, whether or not calcined or sintered, including dolomite roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape(47.43Million USD), top export destinations are India(539.92Million USD), Bangladesh(60.90Million USD), Italy(18.47Million USD). In 2023, Bhutan's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(175.33Million USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(67.61Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(44.84Million USD), top import origins are India(1.05Billion USD), China(83.34Million USD), Singapore(66.76Million USD).

Comparing to 2022, Bhutan's total export value decreased -83.63Million USD(-11.54%) in 2023, this could result from its export decreases of products such as Electrical energy(-84.37Million USD or -29.47%), Ferroalloys(-42.22Million USD or -16.91%), Waters, including mineral and aerated waters, containing added sugar or sweetening matter, flavoured; other nonalcoholic beverages, not including fruit, nut or vegetable juices of heading no. 2009(-3.73Million USD or -70.39%) and export decreases to countries/economics such as India(-86.46Million USD or -13.80%), Italy(-3.72Million USD or -16.77%), Vietnam(-1.42Million USD or -80.23%). Comparing to 2022, Bhutan's total import value decreased -200.30Million USD(-13.24%) in 2023, this could result from its import decreases of products such as Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-99.48Million USD or -59.54%), Coke and semicoke; of coal, lignite or peat, whether or not agglomerated; retort carbon(-21.03Million USD or -40.28%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-14.93Million USD or -73.66%), and its import decreases from countries/economies such as China(-55.33Million USD or -39.90%), India(-53.29Million USD or -4.81%), Hong Kong CN(-45.04Million USD or -69.88%).

Cumulated to first 6 months of 2024, Bhutan's total export value is 107.38Million USD, total import value is 417.10Million USD, and tradedeficit is -309.72Million USD. Cumulated to first 6 months of 2024, Bhutan's top export products are Ferroalloys(60.22Million USD), Dolomite, whether or not calcined or sintered, including dolomite roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape(14.80Million USD), Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers(7.64Million USD), and top export destinations are India(101.42Million USD), South Korea(3.27Million USD), Singapore(475.00Thousands USD). Cumulated to first 6 months of 2024, Bhutan's top import products are Ferroalloys(60.22Million USD), Dolomite, whether or not calcined or sintered, including dolomite roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape(14.80Million USD), Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers(7.64Million USD), and top import origins areIndia(333.70Million USD), Singapore(37.90Million USD), China(16.84Million USD).