{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:12.870Z",
  "seo": {
    "title": "India exports to Bhutan: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from India to Bhutan, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "IND",
    "country_name": "India"
  },
  "importer": {
    "iso3": "BTN",
    "country_name": "Bhutan"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "IND",
    "importer_iso3": "BTN",
    "all_history_lane_count": 16,
    "current_lane_count": 14,
    "current_product_count": 14,
    "first_observed_last_year": 2007,
    "latest_data_year": 2024,
    "current_trade_usd": 442723054.48110497,
    "attention_trade_usd": 442723054.48110497,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 215706178.62910455,
    "unrecovered_drawdown_trade_usd": 0,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 442723054.48110497,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 14,
    "high_volatility_lane_count": 9,
    "unrecovered_drawdown_lane_count": 0,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 14,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1969461263036636,
    "trade_weighted_below_peak_pct": 8.202956800661303,
    "product_concentration_hhi": 1499.3914701389422,
    "top1_product_share_pct": 29.40271487664075,
    "top3_product_share_pct": 56.24881983858992,
    "top_product_hs6": "271019",
    "top_product_trade_usd": 130172597.40223418,
    "top_product_description": "",
    "top_attention_product_hs6": "271019",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 1236.124267578125,
    "shares_land_border": 1,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.025299999862909317,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 17.922174926262624,
    "avg_mfn_tariff_pct": 18.557043438383836,
    "avg_preferential_tariff_pct": 3.1855995444444436,
    "tariff_advantage_pp": 15.371443893939391,
    "buyer_biz_entry_days": 12,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 2315.436303,
    "buyer_gdp_pc_latest": 3001,
    "buyer_population_latest": 779.9,
    "buyer_gdp_5y_cagr_pct": 1.9491662614918637,
    "buyer_gdp_pc_5y_cagr_pct": 1.3838865324506733,
    "buyer_population_5y_cagr_pct": 0.6886495414715865,
    "buyer_investment_5y_avg_pct": 55.662,
    "buyer_savings_5y_avg_pct": 31.410000000000004,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 100,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "concentrated_buyer_markets"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 2315.436303,
    "buyer_gdp_pc_2024": 3001,
    "buyer_population_2024": 779.9
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 45907731.169930086,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 51701146.55734606,
      "yoy_growth_pct": 12.619694416984629,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 39022253.579418354,
      "yoy_growth_pct": -24.523427084667237,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 28146193.683311295,
      "yoy_growth_pct": -27.871429501046187,
      "cagr_3y_pct": -15.047151137468706
    },
    {
      "year": 1999,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 27679914.102254607,
      "yoy_growth_pct": -1.656634592595585,
      "cagr_3y_pct": -18.800219630257985
    },
    {
      "year": 2000,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 29451132.886036627,
      "yoy_growth_pct": 6.398931648555051,
      "cagr_3y_pct": -8.953507514697524
    },
    {
      "year": 2001,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 35607158.10896553,
      "yoy_growth_pct": 20.902507372976476,
      "cagr_3y_pct": 8.153160151652482
    },
    {
      "year": 2002,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 51483834.77770431,
      "yoy_growth_pct": 44.58844095379011,
      "cagr_3y_pct": 22.980253317372544
    },
    {
      "year": 2003,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 104884351.23312992,
      "yoy_growth_pct": 103.7228805624078,
      "cagr_3y_pct": 52.71073366740888
    },
    {
      "year": 2004,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 132312651.15690714,
      "yoy_growth_pct": 26.15099354794257,
      "cagr_3y_pct": 54.88927710324036
    },
    {
      "year": 2005,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 127204833.70385276,
      "yoy_growth_pct": -3.8604150157924955,
      "cagr_3y_pct": 35.18989857377479
    },
    {
      "year": 2006,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 102991206.66424312,
      "yoy_growth_pct": -19.035146963032634,
      "cagr_3y_pct": -0.6053176568573626
    },
    {
      "year": 2007,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 123275000.98188606,
      "yoy_growth_pct": 19.694685570360583,
      "cagr_3y_pct": -2.3307436453690933
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 212100460.37851828,
      "yoy_growth_pct": 72.05472211651751,
      "cagr_3y_pct": 18.580332983675298
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 294413396.345763,
      "yoy_growth_pct": 38.808466431589814,
      "cagr_3y_pct": 41.922898963141165
    },
    {
      "year": 2010,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 392185019.22753996,
      "yoy_growth_pct": 33.208958592003945,
      "cagr_3y_pct": 47.07493390951638
    },
    {
      "year": 2011,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 568997282.6978047,
      "yoy_growth_pct": 45.08389020532191,
      "cagr_3y_pct": 38.94924577206407
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 418634136.3906789,
      "yoy_growth_pct": -26.425986710200846,
      "cagr_3y_pct": 12.449887125537472
    },
    {
      "year": 2013,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 449419479.09989864,
      "yoy_growth_pct": 7.353758337683702,
      "cagr_3y_pct": 4.645437307739808
    },
    {
      "year": 2014,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 387597502.47848713,
      "yoy_growth_pct": -13.755962857958249,
      "cagr_3y_pct": -12.011970341121735
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 495189124.8641872,
      "yoy_growth_pct": 27.758595372185546,
      "cagr_3y_pct": 5.757737960487819
    },
    {
      "year": 2016,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 493436836.68044025,
      "yoy_growth_pct": -0.35386241251310624,
      "cagr_3y_pct": 3.1636165640630987
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 541957718.1524416,
      "yoy_growth_pct": 9.83325075574455,
      "cagr_3y_pct": 11.82222905457142
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 713756053.063784,
      "yoy_growth_pct": 31.69958267169082,
      "cagr_3y_pct": 12.960403579782898
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 714849731.2454714,
      "yoy_growth_pct": 0.1532285683592871,
      "cagr_3y_pct": 13.151694851662143
    },
    {
      "year": 2020,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 630025985.1772547,
      "yoy_growth_pct": -11.865954809891255,
      "cagr_3y_pct": 5.147193540435913
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 889964591.0659348,
      "yoy_growth_pct": 41.25839441615216,
      "cagr_3y_pct": 7.631891978642846
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 1026763462.1521567,
      "yoy_growth_pct": 15.371271223540962,
      "cagr_3y_pct": 12.828431078533665
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 964622568.9050249,
      "yoy_growth_pct": -6.052113805927695,
      "cagr_3y_pct": 15.256736636662914
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "export_value_usd": 1117691692.6036875,
      "yoy_growth_pct": 15.868291768501376,
      "cagr_3y_pct": 7.890473330344094
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 130289720.6573699,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9126228968384924,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "880240",
      "hs_description": "Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg",
      "buyer_imports_latest_usd": 78971864.88204505,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7105942085250612,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "271012",
      "hs_description": "",
      "buyer_imports_latest_usd": 39918263.639178604,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8166180625464707,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "270400",
      "hs_description": "Coke and semi-coke: of coal, lignite or peat, whether or not agglomerated: retort carbon",
      "buyer_imports_latest_usd": 35117759.20988289,
      "current_below_peak_pct": 26.457268567595637,
      "lane_volatility_cv": 1.1193996911074189,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "440290",
      "hs_description": "Wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated",
      "buyer_imports_latest_usd": 33029888.19570724,
      "current_below_peak_pct": 21.38786808000966,
      "lane_volatility_cv": 1.239985634473176,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "100630",
      "hs_description": "Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed",
      "buyer_imports_latest_usd": 27947853.899309326,
      "current_below_peak_pct": 0.09632277761686622,
      "lane_volatility_cv": 0.9856819278787378,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "720310",
      "hs_description": "Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms",
      "buyer_imports_latest_usd": 27707058.01749682,
      "current_below_peak_pct": 35.55336905284992,
      "lane_volatility_cv": 0.8212922668994014,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "150790",
      "hs_description": "Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified",
      "buyer_imports_latest_usd": 15744703.983991433,
      "current_below_peak_pct": 11.396579914337844,
      "lane_volatility_cv": 1.1380098213199723,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "851712",
      "hs_description": "Telephones for cellular networks or for other wireless networks",
      "buyer_imports_latest_usd": 40445241.09720207,
      "current_below_peak_pct": 33.16148577160471,
      "lane_volatility_cv": 1.529095731620162,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "IND",
      "importer_iso3": "BTN",
      "hs_code": "854460",
      "hs_description": "Insulated electric conductors: for a voltage exceeding 1000 volts",
      "buyer_imports_latest_usd": 12327588.879678857,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3843755190229672,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "IND",
    "importer_iso3": "BTN",
    "distance_km": 1228,
    "shares_land_border": 1,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 0,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 2315.436303,
    "importer_gdp_per_capita_usd": 2968.888707526606,
    "importer_population": 779.9,
    "importer_biz_entry_days": 12,
    "importer_biz_entry_cost_pct": 3.7,
    "exporter_gdp_million_usd": 3173397.5908170003,
    "exporter_gdp_per_capita_usd": 2277.434305882774,
    "avg_applied_tariff_pct": 17.922174926262624,
    "avg_mfn_tariff_pct": 18.557043438383836,
    "avg_preferential_tariff_pct": 3.1855995444444436,
    "tariff_advantage_pp": 15.371443893939391
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/IND-BTN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/IND-BTN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/IND-BTN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/IND-BTN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/IND-BTN/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}