Bhutan Trade Data Bill of Lading Data Shipping Data - TradeInt

Bhutan, nestled in the eastern Himalayas, is a small and landlocked country known for its stunning natural beauty, rich cultural heritage, and unique approach to development. With a land area of approximately 38,394 square kilometers and a population of around 800,000 people, Bhutan's economy is characterized by its emphasis on Gross National Happiness (GNH), sustainable development, and environmental conservation.

Agriculture forms the backbone of Bhutan's economy, with the majority of the population engaged in subsistence farming and animal husbandry. Key agricultural products include rice, maize, wheat, potatoes, fruits, and vegetables, which not only contribute to food security but also to Bhutan's cultural identity and self-sufficiency.

Hydropower is a significant sector in Bhutan's economy, with the country's abundant water resources powering its ambitious hydropower projects. Bhutan's hydropower potential is harnessed through partnerships with neighboring countries such as India, with electricity exports being a vital source of revenue and foreign exchange earnings for Bhutan.

Trade is essential for Bhutan's economy, given its landlocked status and limited domestic market. The country's trade activities are primarily conducted through land routes with neighboring countries such as India and China. India is Bhutan's largest trading partner, with trade agreements and cooperation frameworks in place to facilitate bilateral trade and economic cooperation.

Tourism is an emerging sector in Bhutan's economy, with the country's pristine natural landscapes, vibrant culture, and unique traditions attracting visitors from around the world. Bhutan's policy of high-value, low-impact tourism aims to preserve its cultural heritage and natural environment while generating revenue and employment opportunities for local communities.

Exports from Bhutan primarily consist of electricity, minerals, agricultural products, handicrafts, and textiles, while imports include fuel, machinery, vehicles, consumer goods, and construction materials. Efforts to diversify exports, promote value-added industries, and enhance trade facilitation measures are essential for expanding Bhutan's trade portfolio and ensuring economic resilience.

In summary, Bhutan's trade landscape reflects a story of balance, sustainability, and cultural preservation. Despite its small size and geographical constraints, Bhutan continues to pursue a path of economic development that prioritizes environmental conservation, social well-being, and cultural identity, positioning itself as a unique and resilient player in the global marketplace.