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Who does Bhutan rely on?

The largest supplier of Bhutan in 2024 is India, with 81.6% of what Bhutan buys. Its share was 79% in 2019 and 35% in 1995. 193 of the 200 products Bhutan buys for more than $1 million have a supplier selling more than 50% of what Bhutan buys of that product; in 168, more than 75%. In those products, purchases from each one’s dominant supplier add up to 80% of what Bhutan buys.

Summary

Largest supplier: India
81.6%
Concentration (HHI)
6,747
Products with a supplier above 50%
193
Products with a supplier above 75%
168

Concentration index (HHI): 6,747 out of 10,000; equivalent to splitting purchases among 1 supplier of the same size

Trend

Trend in shares

India went from 35% to 81.6% of what Bhutan buys

Share (%)

  • India 81.6%
  • Singapore 8%
  • China 4.8%
  • Hong Kong 2.1%
  • Thailand 0.9%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995India35%
1996India61.5%
1997Japan50%
1998India63.5%
1999India68%
2000Japan29.3%
2001Japan25.3%
2002India47.9%
2003India69.5%
2004Germany42.9%
2005India70.2%
2006India65.9%
2007India70.6%
2008India71.3%
2009India74.8%
2010India70.8%
2011India69.7%
2012India73.5%
2013India59%
2014India72.8%
2015India70.7%
2016India80.6%
2017India75%
2018India81.2%
2019India79%
2020India73.9%
2021India77.3%
2022India67.7%
2023India74.2%
2024India81.6%

Its suppliers

  1. India$1.2 billion · 81.6%
  2. Singapore$115 million · 8%
  3. China$69 million · 4.8%
  4. Hong Kong$30 million · 2.1%
  5. Thailand$13 million · 0.9%
  6. South Korea$6 million · 0.4%
  7. Japan$5 million · 0.33%
  8. Austria$4 million · 0.3%
  9. United States$3 million · 0.22%
  10. United Kingdom$3 million · 0.22%

Some of these goods may have been produced in another country: countries record origin in different ways.

Products with a dominant supplier

Of the 200 products Bhutan buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Refined petroleumIndia100%over 75%Italy · 0.03%$188 million
GoldSingapore99.9%over 75%Japan · 0.14%$84 million
Airplanes and helicoptersIndia98.7%over 75%France · 1.3%$80 million
Wood charcoalIndia100%over 75%—$31 million
CokeIndia100%over 75%—$30 million
Transformers and power suppliesIndia83.6%over 75%China · 12.2%$28 million
Control panelsChina54.4%India · 44.6%$24 million
CarsIndia73.9%China · 8.9%$24 million
RiceIndia100%over 75%—$22 million
ElectricityIndia100%over 75%—$22 million
Direct-reduced ironIndia100%over 75%—$19 million
Cables and wireIndia83.9%over 75%China · 15.9%$19 million
Steel structuresIndia97.8%over 75%China · 2.1%$17 million
CornIndia100%over 75%—$15 million
Soybean oilIndia100%over 75%—$14 million
Other food preparationsIndia94.4%over 75%Thailand · 5%$13 million
Welded steel pipesIndia99.9%over 75%China · 0.06%$13 million
New tiresIndia92.8%over 75%China · 5.5%$13 million
Petroleum coke and bitumenIndia100%over 75%—$13 million
Plastic pipes and hosesIndia98.4%over 75%China · 0.85%$11 million
TrucksIndia83%over 75%Singapore · 8%$11 million
Coated flat steelIndia99.8%over 75%China · 0.23%$11 million
Cigarettes and cigarsIndia99.1%over 75%Singapore · 0.56%$10 million
Hot-rolled flat steelIndia100%over 75%—$10 million
Steel angles and sectionsIndia99.6%over 75%China · 0.36%$9 million

and 168 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Some of these goods may have been produced in another country: countries record origin in different ways.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: India
94.5%
Concentration (HHI)
8,936

Concentration index (HHI): 8,936 out of 10,000; equivalent to splitting sales among 1 customer of the same size

Trend in shares

India went from 76% to 94.5% of what Bhutan sells

Share (%)

  • India 94.5%
  • South Korea 2.8%
  • United States 0.74%
  • Singapore 0.69%
  • Italy 0.2%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995India76%
1996India81.9%
1997India59.1%
1998India88.5%
1999India91.3%
2000India75.8%
2001India79.8%
2002India80.1%
2003India90.2%
2004India92.5%
2005India85.5%
2006India69.3%
2007India75.7%
2008India95.1%
2009India90.9%
2010India74.6%
2011India68.2%
2012India88.9%
2013India88.3%
2014India81.8%
2015India72.9%
2016India76.6%
2017India72.7%
2018India64.4%
2019India72.5%
2020India73.3%
2021India93%
2022India75.7%
2023India80.3%
2024India94.5%

22 of the 22 products Bhutan sells for more than $1 million have a customer buying more than 50% of what Bhutan sells of that product; in 22, more than 75%. In those products, sales to each one’s dominant customer add up to 93.7% of what Bhutan sells.

ProductCustomerShareSecondValue
FerroalloysIndia90.5%over 75%South Korea · 6.4%$202 million
Airplanes and helicoptersIndia100%over 75%Ireland · 0%$97 million
DolomiteIndia100%over 75%—$46 million
CementIndia100%over 75%—$18 million
Gravel and crushed stoneIndia100%over 75%—$15 million
Semi-finished steelIndia100%over 75%—$12 million
Gypsum and plasterIndia100%over 75%—$11 million
BeerIndia100%over 75%—$11 million
CarbidesIndia100%over 75%—$10 million
Nutmeg, mace and cardamomIndia100%over 75%—$5 million
SpiritsIndia99.9%over 75%Switzerland · 0.07%$4 million
Soft drinksIndia100%over 75%China · 0%$3 million
Sawn woodIndia99.8%over 75%Armenia · 0.17%$3 million
Limestone for lime and cementIndia100%over 75%—$2 million
Particle board and OSBIndia99.4%over 75%Austria · 0.59%$2 million

and 7 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
1North Korea8,916
2Bhutan6,747
3Saint Barthélemy6,601
4Eswatini6,365
5Lesotho6,187
6Sint Maarten5,942

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.