Net trade in goods and services in Bhutan
Bhutan: Net trade in goods and services was -564.35 million BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Bhutan, 2006–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Bhutan stood at -564.35 million BoP, current US$.
That represents a change of up 41.4% on the previous year and down 22.9% over ten years.
Over the whole period, net trade in goods and services in Bhutan peaked at 50.40 million BoP, current US$ in 2007 and was at its lowest, -962.83 million BoP, current US$, in 2023.
That places Bhutan 113th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -76.29 million BoP, current US$ | -135.67 million BoP, current US$ | 50.40 million BoP, current US$ | 4 |
| 2010s | -480.02 million BoP, current US$ | -594.97 million BoP, current US$ | -344.76 million BoP, current US$ | 10 |
| 2020s | -601.19 million BoP, current US$ | -962.83 million BoP, current US$ | -287.00 million BoP, current US$ | 5 |
Countries ranked near Bhutan
- 110 Liberia -412.26 million BoP, current US$ compare
- 111 Vanuatu -427.26 million BoP, current US$ compare
- 112 Burkina Faso -547.37 million BoP, current US$ compare
- 114 Fiji -604.27 million BoP, current US$ compare
- 115 Curacao -657.75 million BoP, current US$ compare
- 116 Togo -667.63 million BoP, current US$ compare
More economy & growth data for Bhutan
- Gross fixed capital formation 5.7% (2024)
- Exports of goods and services 1.01 billion constant 2015 US$ (2024)
- Exports of goods and services 19.3% (2024)
- Exports of goods and services 31.5% (2024)
- Gross value added at basic prices (GVA) 272.56 billion current LCU (2024)
- Gross value added at basic prices (GVA) 3.26 billion current US$ (2024)
- Gross fixed capital formation 1.41 billion current US$ (2024)
- Gross fixed capital formation 118.01 billion current LCU (2024)
- Gross fixed capital formation 1.37 billion constant 2015 US$ (2024)
- Gross capital formation 1.43 billion current US$ (2024)
Frequently asked questions
- What is net trade in goods and services in Bhutan?
- Net trade in goods and services in Bhutan was -564.35 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Bhutan?
- The highest recorded value was 50.40 million BoP, current US$ in 2007.
- What is the lowest net trade in goods and services recorded in Bhutan?
- The lowest recorded value was -962.83 million BoP, current US$ in 2023.
- How does Bhutan rank for net trade in goods and services?
- Bhutan ranks 113th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Bhutan?
- Over the last ten years it is down 22.9%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.