Bhutan Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Bhutan's trade balance was $-1.2B in 2025, ranked 105th globally. This represents a 55.0% decrease from 2024. Data from World Bank, covering 1980–2025.
Overview
Bhutan's trade balance stood at $-1.2B in 2025, a decline of +$413.5M from 2023. Based on recent trends, this figure is projected to reach $-1.2B by 2025. Bhutan ranked 105th globally.
Bhutan's trade balance has been a significant concern for the country, with the latest figure standing at -1,165,512,057.89 in 2025, ranking 105 globally. This represents a deterioration in the country's trade position over the years, with the all-time peak occurring in 1995 at -14,731,515.89. The country's trade balance has been negative for most of the 45-year period covered, with the all-time trough in 2025 being the most recent. Peer countries such as the Slovak Republic have also struggled with trade deficits, with a 2025 figure of -985,260,771.19. The significant trade deficit in Bhutan is likely to continue in the near future, with a sustained reliance on imports driven by the country's economic development and poverty reduction strategies. A significant shift in the country's trade policy, such as a move towards greater regional integration, could potentially alter the trajectory of Bhutan's trade balance.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2026* trend | $-1.3B | - | - |
| 2025* trend | $-1.2B | - | - |
| 2025 | $-1.2B | −$413.5M | #105 |
| 2023 | $-752.0M | +$250.0M | #74 |
| 2022 | $-1.0B | −$470.8M | #78 |
| 2021 | $-531.2M | −$145.4M | #79 |
| 2020 | $-385.8M | −$24.5M | #85 |
| 2019 | $-361.3M | +$190.5M | #81 |
| 2018 | $-551.8M | −$36.2M | #85 |
| 2017 | $-515.6M | +$6.4M | #80 |
| 2016 | $-521.9M | +$59.3M | #83 |
| 2015 | $-581.2M | −$172.7M | #92 |
| 2014 | $-408.5M | −$16.2M | #88 |
| 2013 | $-392.3M | +$51.1M | #93 |
| 2012 | $-443.4M | +$89.6M | #94 |
| 2011 | $-533.0M | −$84.6M | #91 |
| 2010 | $-448.4M | −$227.0M | #90 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's trade balance was $-1.2B in 2025. Ranked 105th globally. This represents a 55.0% decrease from the previous year.
Bhutan's trade balance peaked at $-14.7M in 1995.
The lowest trade balance in Bhutan was $-1.2B in 2025.
Bhutan ranks 105th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Bhutan's trade balance is projected to reach $-1.2B by 2025 based on trend extrapolation.
The trade balance of Bhutan in 2025 was $-1.2B. This ranks 105th in the world.
Cite this page
@misc{historysaid_bhutan_trade-balance,
title = {Bhutan Trade Balance},
url = {https://historysaid.com/bhutan/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}