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India-Bhutan Trade Relations
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India-Bhutan Trade Relations

The India-Bhutan Agreement on Trade, Commerce and Transit – which was first signed in 1972 and revised most recently for the fifth time in 2016 – establishes a free trade regime between the two countries. The Agreement also provides for duty free transit of Bhutanese exports to third countries.

India is Bhutan’s top trade partner both as an import source and as an export destination. In 2020, bilateral trade reached Rs./Nu. 9489 cr (including electricity) which accounted for 82.6% of Bhutan’s total trade and the figure excluding electricity was recorded at Rs./Nu. 6719 cr, which accounted for 77.1% of Bhutan’s total trade. India’s exports to Bhutan accounted for 77.1% of Bhutan’s total import value with or without taking into account trade in electricity. India’s imports from Bhutan accounted for 90.2% of Bhutan’s total exports including electricity and 77.1% excluding electricity.

In Nu./Rs. cr

Particulars

2016

2017

2018

2019

2020

Including electricity

 

 

 

 

 

Exports to Bhutan (Imports from India)

5529

5397

6011

5666

5138

Exports to Bhutan from India as a % of total Bhutanese Import

82.1%

80.6%

83.9%

82.0%

77.1%

Imports from Bhutan (Export to India)

3205

3162

3217

3981

4351

Imports from Bhutan to India as % of total Bhutanese export

90.9%

84.8%

77.7%

83.8%

90.2%

Total bilateral trade

8734

8559

9228

9647

9489

Total trade with India as % of Bhutan’s total trade with the world

85.1%

82.1%

81.6%

82.7%

82.6%

 

 

 

 

 

 

Excluding electricity

 

 

 

 

 

Exports to Bhutan (Imports from India)

5511

5390

5981

5645

5120

Exports to Bhutan from India as a % of total Bhutanese Import

82.0%

80.5%

83.8%

81.9%

77.0%

Imports from Bhutan (Export to India)

1902

1964

2159

2357

1599

Imports from Bhutan to India as % of total Bhutanese export

85.6%

77.6%

70.0%

75.4%

77.1%

Total bilateral trade

7413

7354

8140

8002

6719

Total trade with India as % of Bhutan’s total trade with the world

82.9%

79.7%

79.7%

79.9%

77.1%

India’s top exports to Bhutan are petrol & diesel, passenger cars, rice, wood charcoal, Ferrous products, cellphones, coke and semi-coke, soya-bean oil, electric generators & motors, parts for turbines, transport vehicle, bitumen.

 

 
 
 
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