[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · BTN · 2024
Bhutan trade profile
In 2024, Bhutan recorded $308.7M in merchandise exports and $1.5B in imports, producing a $1.1B trade deficit. Exports changed -40.5% from the previous year, while imports changed +17.1%.[1]
Exports
$308.7M
-40.5%
Imports
$1.5B
+17.1%
Trade balance
-$1.1B
deficit
Active partners
270
7 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$125.4M
HS 72 · HS chapter
167 active HS6 lines · 17 export partners
2$97.2M
HS 88 · HS chapter
10 active HS6 lines · 5 export partners
3$48.7M
HS 25 · HS chapter
54 active HS6 lines · 4 export partners
4$13.7M
HS 22 · HS chapter
23 active HS6 lines · 8 export partners
5$7.3M
HS 28 · HS chapter
127 active HS6 lines · 2 export partners
6$4.5M
HS 44 · HS chapter
78 active HS6 lines · 11 export partners
7$4.2M
HS 09 · HS chapter
38 active HS6 lines · 14 export partners
8$1.5M
HS 85 · Electrical machinery
255 active HS6 lines · 29 export partners
Leading export markets
Destinations rank bilateral export flows from Bhutan; growth describes each corridor rather than the whole economy.
1$282.8M
India
Annual change -31.7% · 3-year CAGR 14.8%
2$8.7M
South Korea
Annual change +383.7% · 3-year CAGR 77.4%
3$4.0M
Italy
Annual change -77.4% · 3-year CAGR 5.3%
4$3.9M
Nepal
Annual change -50.2% · 3-year CAGR -14.9%
5$3.1M
Singapore
Annual change +81.6% · 3-year CAGR 56.6%
6$2.1M
United States
Annual change +61.7% · 3-year CAGR 86.7%
7$721.3K
Brazil
Annual change +22.9% · 3-year CAGR 21.9%
8$564.3K
South Africa
Annual change +3331.9% · 3-year CAGR 404.2%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.