Merchandise exports by the reporting economy (current US$) in Bhutan
Bhutan: Merchandise exports by the reporting economy (current US$) was 703.02 million current US$ in 2023. ◆ Volatile
Merchandise exports by the reporting economy in Bhutan, 2000–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Bhutan recorded 703.02 million current US$ for merchandise exports by the reporting economy in 2023. That is the highest value across all 24 years on record.
That represents a change of up 8.0% on the previous year and up 53.9% over ten years.
Over the whole period, merchandise exports by the reporting economy in Bhutan peaked at 703.02 million current US$ in 2023 and was at its lowest, 14.66 million current US$, in 2000.
That places Bhutan 161st out of 206 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Bhutan, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 14.66 million current US$ | — |
| 2001 | 21.45 million current US$ | +46.3% |
| 2002 | 16.70 million current US$ | -22.1% |
| 2003 | 17.36 million current US$ | +3.9% |
| 2004 | 49.87 million current US$ | +187.2% |
| 2005 | 258.66 million current US$ | +418.7% |
| 2006 | 414.27 million current US$ | +60.2% |
| 2007 | 675.55 million current US$ | +63.1% |
| 2008 | 522.08 million current US$ | -22.7% |
| 2009 | 496.22 million current US$ | -5.0% |
| 2010 | 413.76 million current US$ | -16.6% |
| 2011 | 453.23 million current US$ | +9.5% |
| 2012 | 531.83 million current US$ | +17.3% |
| 2013 | 456.69 million current US$ | -14.1% |
| 2014 | 487.84 million current US$ | +6.8% |
| 2015 | 685.95 million current US$ | +40.6% |
| 2016 | 500.52 million current US$ | -27.0% |
| 2017 | 469.03 million current US$ | -6.3% |
| 2018 | 545.19 million current US$ | +16.2% |
| 2019 | 517.92 million current US$ | -5.0% |
| 2020 | 447.94 million current US$ | -13.5% |
| 2021 | 669.33 million current US$ | +49.4% |
| 2022 | 650.96 million current US$ | -2.7% |
| 2023 | 703.02 million current US$ | +8.0% |
Bhutan compared with similar countries
- Bhutan's 703.02 million current US$ is below the median for lower middle income countries, which is 5.68 billion current US$, 12% of the median. (47 countries reporting)
- Bhutan's 703.02 million current US$ is below the median for South Asia, which is 6.38 billion current US$, 11% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +418.7% | 49.87 million current US$ | 258.66 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 248.68 million current US$ | 14.66 million current US$ | 675.55 million current US$ | 10 |
| 2010s | 506.20 million current US$ | 413.76 million current US$ | 685.95 million current US$ | 10 |
| 2020s | 617.81 million current US$ | 447.94 million current US$ | 703.02 million current US$ | 4 |
Countries ranked near Bhutan
- 159 Cuba 853.94 million current US$ compare
- 160 Fiji 732.24 million current US$ compare
- 162 Montenegro 689.83 million current US$ compare
- 163 South Sudan 652.23 million current US$ compare
- 164 Seychelles 548.98 million current US$ compare
More private sector data for Bhutan
- Merchandise trade 83.3% (2025)
- Food imports 11.4% (2025)
- Manufactures imports 70.4% (2025)
- Merchandise imports 2.18 billion current US$ (2025)
- Food exports 5.9% (2025)
- Manufactures exports 58.7% (2025)
- Merchandise exports 800.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,004 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2235 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.1 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Bhutan?
- Merchandise exports by the reporting economy in Bhutan was 703.02 million current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Bhutan?
- The highest recorded value was 703.02 million current US$ in 2023.
- What is the lowest merchandise exports by the reporting economy recorded in Bhutan?
- The lowest recorded value was 14.66 million current US$ in 2000.
- How does Bhutan rank for merchandise exports by the reporting economy?
- Bhutan ranks 161st out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Bhutan?
- Over the last ten years it is up 53.9%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.