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Market · Asia

India's exports to Bhutan

US$ 1.23 bn

in , up 5.2% on . India's 48th largest market, 0.3% of India's exports, 3,695 products.

20212022202320242025
ECGC ratingA2ECGC's classification · see the ratings page Trade agreementIndia–Bhutan Trade AgreementIn force DocumentsExport checklistWhat Bhutan asks for

What India sells to Bhutan top 15

#Product (HS 6-digit)2025Change5 years
12710.19 Petroleum oils and oils from bituminous minerals, not containing biodiesel, not…US$ 171 mn+19.6%
22710.12 Petroleum oils and oils from bituminous minerals, not containing biodiesel, not…US$ 60.0 mn+33.4%
34402.90 Wood; charcoal of wood other than bamboo, nut or shell, whether or not agglomer…US$ 32.8 mn+5.8%
41006.30 Cereals; rice, semi-milled or wholly milled, whether or not polished or glazedUS$ 31.2 mn+39.7%
57203.10 Ferrous products; obtained by direct reduction of iron ore, in lumps, pellets o…US$ 29.5 mn+54.3%
62704.00 Coke and semi-coke; of coal, lignite or peat, whether or not agglomerated; reto…US$ 27.5 mn−8.5%
78703.22 Vehicles; with only spark-ignition internal combustion piston engine, cylinder…US$ 21.8 mn+90.2%
82716.00 Electrical energyUS$ 21.0 mn−6.0%
91507.90 Vegetable oils; soya-bean oil and its fractions, other than crude, whether or n…US$ 17.0 mn+20.9%
108544.60 Insulated electric conductors; for a voltage exceeding 1000 voltsUS$ 15.6 mn+11.0%
118429.52 Mechanical shovels, excavators and shovel loaders; with a 360 degree revolving…US$ 14.5 mn+104.7%
128704.21 Vehicles; with only compression-ignition internal combustion piston engine (die…US$ 13.6 mn+105.7%
132713.20 Petroleum bitumen; obtained from bituminous mineralsUS$ 13.5 mn+50.8%
148517.13 Telephone sets; smartphones for cellular or other wireless networksUS$ 12.3 mn−11.4%
151005.90 Cereals; maize (corn), other than seedUS$ 10.0 mn−33.0%

Who else sells to Bhutan Bhutan's imports, 2025

Product (HS 4-digit)ImportsIndia's shareLeading suppliers
2710 Petroleum oils and oils from bituminous minerals, n…
  1. 🇮🇳 India100%
  2. 🇹🇭 Thailand<0.1%
  3. 🇯🇵 Japan<0.1%
  4. 🇩🇪 Germany<0.1%
  5. 🇸🇪 Sweden<0.1%
  6. 🇨🇳 China<0.1%
228 mn100%1st Thailand <0.1% Japan <0.1%
1006 Rice
  1. 🇮🇳 India100%
  2. 🇻🇳 Vietnam<0.1%
  3. 🇹🇭 Thailand<0.1%
  4. 🇮🇹 Italy<0.1%
  5. 🇨🇳 China<0.1%
  6. 🇯🇵 Japan<0.1%
35.7 mn100%1st Vietnam <0.1% Thailand <0.1%
8703 Motor cars and other motor vehicles; principally de…
  1. 🇮🇳 India52%
  2. 🇨🇳 China25%
  3. 🇯🇵 Japan10%
  4. 🇹🇭 Thailand5.6%
  5. 🇬🇧 United Kingdom2.8%
  6. 🇰🇷 South Korea1.7%
65.8 mn52%1st China 25% Japan 10%
4402 Wood charcoal (including shell or nut charcoal), wh…
  1. 🇮🇳 India100%
  2. 🇹🇭 Thailand<0.1%
33.4 mn100%1st Thailand <0.1%
7203 Ferrous products obtained by direct reduction of ir…
  1. 🇮🇳 India100%
29.4 mn100%1st
2704 Coke and semi-coke; of coal, lignite or peat, wheth…
  1. 🇮🇳 India66%
  2. 🇨🇳 China34%
41.3 mn66%1st China 34%
8704 Vehicles; for the transport of goods
  1. 🇮🇳 India95%
  2. 🇨🇳 China4.2%
  3. 🇯🇵 Japan0.4%
  4. 🇹🇭 Thailand0.2%
20.9 mn95%1st China 4.2% Japan 0.4%
8429 Bulldozers, graders, levellers, scrapers, angledoze…
  1. 🇮🇳 India89%
  2. 🇨🇳 China9.6%
  3. 🇸🇬 Singapore1.2%
  4. 🇯🇵 Japan<0.1%
  5. 🇹🇭 Thailand<0.1%
21.3 mn89%1st China 9.6% Singapore 1.2%
1507 Soya-bean oil and its fractions; whether or not ref…
  1. 🇮🇳 India100%
  2. 🇧🇩 Bangladesh<0.1%
  3. 🇹🇭 Thailand<0.1%
17.6 mn100%1st Bangladesh <0.1% Thailand <0.1%
8544 Insulated wire, cable and other electric conductors…
  1. 🇮🇳 India72%
  2. 🇨🇳 China25%
  3. 🇦🇪 United Arab Emirates1.1%
  4. 🇻🇳 Vietnam0.7%
  5. 🇯🇵 Japan0.3%
  6. 🇵🇱 Poland<0.1%
24.2 mn72%1st China 25% United Arab Emirates 1.1%
8504 Electric transformers, static converters (e.g. rect…
  1. 🇮🇳 India56%
  2. 🇨🇳 China41%
  3. 🇳🇵 Nepal1.0%
  4. 🇻🇳 Vietnam0.8%
  5. 🇭🇰 Hong Kong0.4%
  6. 🇩🇪 Germany0.3%
30.2 mn56%1st China 41% Nepal 1.0%
2713 Petroleum coke, petroleum bitumen; other residues o…
  1. 🇮🇳 India100%
15.6 mn100%1st

What Bhutan buys most where India has under 5% of the market: openings, or where others are stronger.

Product (HS 4-digit)ImportsIndia's shareLeading suppliers
8471 Automatic data processing machines and units thereo…
  1. 🇻🇳 Vietnam49%
  2. 🇨🇳 China36%
  3. 🇲🇾 Malaysia9.7%
  4. 🇸🇬 Singapore3.5%
  5. 🇮🇳 India0.5%
  6. 🇭🇰 Hong Kong0.2%
527 mn0.5%5th Vietnam 49% China 36%
8523 Discs, tapes, solid-state non-volatile storage devi…
  1. 🇭🇰 Hong Kong42%
  2. 🇨🇳 China29%
  3. 🇸🇪 Sweden21%
  4. 🇸🇬 Singapore2.7%
  5. 🇮🇳 India2.2%
  6. 🇦🇹 Austria0.7%
19.3 mn2.2%5th Hong Kong 42% China 29%
8473 Machinery; parts and accessories (other than covers…
  1. 🇨🇳 China93%
  2. 🇰🇷 South Korea3.4%
  3. 🇸🇬 Singapore1.2%
  4. 🇮🇳 India0.8%
  5. 🇲🇽 Mexico0.6%
  6. 🇨🇦 Canada0.1%
18.1 mn0.8%4th China 93% South Korea 3.4%
2602 Manganese ores and concentrates, including ferrugin…
  1. 🇿🇦 South Africa96%
  2. 🇦🇪 United Arab Emirates3.9%
  3. 🇹🇭 Thailand<0.1%
11.6 mn–not sold South Africa 96% United Arab Emirates 3.9%
8404 Auxiliary plant for use with boilers of heading no.…
  1. 🇨🇳 China98%
  2. 🇨🇱 Chile1.7%
  3. 🇸🇬 Singapore0.3%
  4. 🇮🇳 India0.1%
  5. 🇹🇭 Thailand<0.1%
11.4 mn0.1%4th China 98% Chile 1.7%
2207 Ethyl alcohol, undenatured; of an alcoholic strengt…
  1. 🇬🇧 United Kingdom98%
  2. 🇮🇳 India2.0%
  3. 🇳🇱 Netherlands0.4%
  4. 🇨🇳 China<0.1%
4.6 mn2.0%2nd United Kingdom 98% Netherlands 0.4%
8541 Semiconductor devices (e.g. diodes, transistors, se…
  1. 🇨🇳 China96%
  2. 🇮🇳 India3.7%
  3. 🇸🇬 Singapore0.1%
  4. 🇭🇰 Hong Kong<0.1%
  5. 🇹🇭 Thailand<0.1%
  6. 🇸🇿 Eswatini<0.1%
3.4 mn3.7%2nd China 96% Singapore 0.1%
8802 Aircraft n.e.c. in heading no. 8801, except unmanne…
  1. 🇫🇷 France100%
3.2 mn–not sold France 100%
2206 Fermented beverages, n.e.c. in chapter 22; (e.g. ci…
  1. 🇿🇦 South Africa89%
  2. 🇰🇷 South Korea11%
  3. 🇮🇳 India<0.1%
  4. 🇹🇭 Thailand<0.1%
1.6 mn<0.1%3rd South Africa 89% South Korea 11%
8411 Turbo-jets, turbo-propellers and other gas turbines
  1. 🇺🇸 United States60%
  2. 🇫🇷 France36%
  3. 🇸🇬 Singapore2.1%
  4. 🇨🇳 China0.8%
  5. 🇩🇪 Germany0.3%
  6. 🇨🇦 Canada<0.1%
  7. 🇮🇳 India<0.1% · 7th
1.5 mn<0.1%7th United States 60% France 36%

US$ million. As reported by Bhutan's customs to UN Comtrade for 2025 (imports, usually valued with freight and insurance), so the figures differ from India's own export figures above. Open a product for its six biggest suppliers. Exportsmitra's figures, not ECGC's.

Growing fastest

Product2025Change
2710.19 Petroleum oils and oils from bituminous minerals, not containing biodiesel, not… +US$ 28.0 mnUS$ 171 mn+19.6%
2710.12 Petroleum oils and oils from bituminous minerals, not containing biodiesel, not… +US$ 15.0 mnUS$ 60.0 mn+33.4%
7203.10 Ferrous products; obtained by direct reduction of iron ore, in lumps, pellets o… +US$ 10.4 mnUS$ 29.5 mn+54.3%
8703.22 Vehicles; with only spark-ignition internal combustion piston engine, cylinder… +US$ 10.3 mnUS$ 21.8 mn+90.2%
1006.30 Cereals; rice, semi-milled or wholly milled, whether or not polished or glazed +US$ 8.9 mnUS$ 31.2 mn+39.7%
8429.52 Mechanical shovels, excavators and shovel loaders; with a 360 degree revolving… +US$ 7.4 mnUS$ 14.5 mn+104.7%
8704.21 Vehicles; with only compression-ignition internal combustion piston engine (die… +US$ 7.0 mnUS$ 13.6 mn+105.7%
8703.40 Vehicles; with both spark-ignition internal combustion piston engine and electr… +US$ 5.2 mnUS$ 6.5 mn+387.9%

By chapter

New in 2025

Products India had not sold to Bhutan in the earlier years shown.

Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. ECGC rating: ECGC Limited's short-term country classification, shown for convenience; Exportsmitra's figures and notes are not from ECGC.