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How dependent is Bhutan on India?

In 2024, India sold $1.2 billion to Bhutan, 81.6% of its imports, ranking 1st among its suppliers. Its share was 79% in 2019 and 35% in 1995. In 180 products it sells more than 50% of what Bhutan buys of them (in 161, more than 75%); what Bhutan buys from India in those products (dominated value) adds up to $1 billion, 71.4% of its imports.

Summary

Share of its imports
81.6%
Value imported
$1.2billion
Rank among its suppliers
1st
Products where it sells over 50%
180
Products where it sells over 75%
161
Dominated value
$1billion
Share of total imports
71.4%

Trend

Trend in shares

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

Share (%)

  • India 81.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951035%1
19961961.5%1
19971331.6%2
19989463.5%1
199914068%1
200013.8%7
2001619.8%2
20022247.9%1
20038169.5%1
20048436.6%2
200530170.2%1
200629565.9%1
200736570.6%1
200841871.3%1
200941874.8%1
201065170.8%1
201178269.7%1
201280173.5%1
201314959%1
201417472.8%1
201533370.7%1
201684180.6%1
201784975%1
201889381.2%1
201982379%1
202070373.9%1
202186877.3%1
20221,14567.7%1
20231,04174.2%1
20241,17381.6%1

Products where India sells more than half

ProductSupplierShareSecondValue
Refined petroleumIndia100%over 75%Italy · 0.03%$188 million
Airplanes and helicoptersIndia98.7%over 75%France · 1.3%$79 million
Wood charcoalIndia100%over 75%—$31 million
CokeIndia100%over 75%—$30 million
Transformers and power suppliesIndia83.6%over 75%China · 12.2%$23 million
RiceIndia100%over 75%—$22 million
ElectricityIndia100%over 75%—$22 million
Direct-reduced ironIndia100%over 75%—$19 million
CarsIndia73.9%China · 8.9%$18 million
Steel structuresIndia97.8%over 75%China · 2.1%$17 million
Cables and wireIndia83.9%over 75%China · 15.9%$16 million
CornIndia100%over 75%—$15 million
Soybean oilIndia100%over 75%—$14 million
Welded steel pipesIndia99.9%over 75%China · 0.06%$13 million
Petroleum coke and bitumenIndia100%over 75%—$13 million
Other food preparationsIndia94.4%over 75%Thailand · 5%$13 million
New tiresIndia92.8%over 75%China · 5.5%$12 million
Plastic pipes and hosesIndia98.4%over 75%China · 0.85%$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
TrucksIndia83%over 75%Singapore · 8%$9 million
Bulldozers and excavatorsIndia97.5%over 75%China · 1.5%$9 million
Steel barsIndia100%over 75%—$8 million
Fresh milk and creamIndia100%over 75%—$8 million
High-voltage switches and fusesIndia91.7%over 75%China · 8.3%$8 million
CheeseIndia99.9%over 75%Thailand · 0.12%$8 million
CoalIndia100%over 75%—$7 million
Sorting and crushing machinesIndia98.3%over 75%China · 1.7%$6 million

and 150 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%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from India

Bhutan is India’s 58th-largest customer, with 0.26% of its exports.

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.