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Export Market

Bhutan

ISO: BT / BTN

Country Profile

Capital Thimphu
Population 784K
GDP $3.0B (2023)
GDP per Capita $3,831
Income Level Lower-Middle Income
Currency Bhutanese ngultrum (BTN Nu.)
Language Dzongkha
Timezone UTC+06:00
Region Asia · Southern Asia

Trade Partners

Bhutan Exports To

  • India 92.0%
  • Italy 4.0%
  • Indonesia 1.0%
  • China 1.0%

Key exports: iron alloys, aircraft, dolomite, semi-finished iron, cement (2023)

Bhutan Imports From

  • India 82.0%
  • Singapore 8.0%
  • China 5.0%
  • Thailand 2.0%
  • Indonesia 1.0%

Key imports: refined petroleum, gold, plastics, broadcasting equipment, iron reductions (2023)

Economic Overview

hydropower investments spurring economic development; Gross National Happiness economy; sharp poverty declines; low inflation; strong monetary and fiscal policies; stable currency; fairly resilient response to COVID-19; key economic and strategic relations with India; climate vulnerabilities

Government: constitutional monarchy

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Bhutan. Standard WTO terms apply.

Geographic Region

South Asia

Trading Bloc Memberships

Bhutan is a member of the following trade agreements and economic blocs.

SAFTA South Asia Free Trade Area Free Trade Area SAARC South Asian Association for Regional Cooperation Economic Union

Export Guidance

Relevant guidance for exporting to Bhutan.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇫 Afghanistan 🇧🇩 Bangladesh 🇮🇳 India 🇲🇻 Maldives 🇳🇵 Nepal 🇵🇰 Pakistan 🇱🇰 Sri Lanka

Official Resources

Government export support for Bhutan.

great.gov.uk Market Guide → GOV.UK Country Information →
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