2022
Exports
$3.6kWorld Rnk 219 / 226
Flag Rnk 139 / 326
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$6.8MWorld Rnk 169 / 225
Flag Rnk 35 / 1049

About

Exports In 2022, Bhutan exported $3.6k in Motor vehicles; parts and accessories (8701 to 8705), making it the 219th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 139th most exported product in Bhutan. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Bhutan are: India ($3.34k), Paraguay ($104), Slovenia ($57), Canada ($56), and Ecuador ($20).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Bhutan between 2021 and 2022 were India ($3.34k), Paraguay ($104), and Peru ($20).

Imports In 2022, Bhutan imported $6.8M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 169th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 35th most imported product in Bhutan. Bhutan imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: India ($6.17M), South Korea ($186k), Thailand ($147k), Singapore ($116k), and China ($74.2k).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Bhutan between 2021 and 2022 were China ($46.4k), South Korea ($32k), and Singapore ($14.1k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.6k
IMPORTS (2022)$6.8M
NET TRADE (2022)-$6.8M

In 2022, Bhutan exported $3.6k in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Bhutan exports on Motor vehicles; parts and accessories (8701 to 8705) were India ($3.34k), Paraguay ($104), Slovenia ($57), Canada ($56), and Ecuador ($20).

In 2022, Bhutan imported $6.8M in Motor vehicles; parts and accessories (8701 to 8705), mainly from India ($6.17M), South Korea ($186k), Thailand ($147k), Singapore ($116k), and China ($74.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Bhutan WERE (2021 - 2022):
India$3.34k (1%)
Paraguay$104 (1%)
Peru$20 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Bhutan WERE (2021 - 2022):
Ecuador-$3.59k (-99.4%)
South Africa-$1.49k (-100%)
Cote d'Ivoire-$1.25k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bhutan's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Bhutan's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

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