Bhutan-Switzerland Bilateral Trade Analysis 2023
Complete trade statistics: $1.97M total volume •Bhutan deficit: $1.86M
Bhutan → Switzerland
$57,507
Exports (2023)
Switzerland → Bhutan
$1.91M
Imports (2023)
Trade Balance
$1.86M
Deficit for Bhutan
Total Trade
$1.97M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bhutan and Switzerland. Green line shows exports from Bhutan, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bhutan-Switzerland commercial relationship and competitive positioning in global markets.
Bhutan → Switzerland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bhutan's export portfolio to Switzerland demonstrates strategic specialization, with cereals: husked (brown) rice representing a key competitive advantage in this bilateral market.
Switzerland → Bhutan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bhutan's import pattern from Switzerland reveals significant dependencyin cranes: overhead travelling cranes on fixed support, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bhutan demonstrates competitive strength in exportingcereals: husked (brown) rice to Switzerland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.97M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bhutan-Switzerland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.97 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bhutan maintains a deficit of $1.86 million
- Export Focus: Bhutan's primary exports include cereals: husked (brown) rice, jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, silk: woven fabrics n.e.c. in heading no. 5007
- Import Dependencies: Key imports from Switzerland include cranes: overhead travelling cranes on fixed support, cranes: self-propelled derricks and cranes, not on tyres, n.e.c. in heading no. 8426, iron or steel: threaded screws, bolts and nuts n.e.c. in item no. 7318.1
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.97M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bhutan leveraging its comparative advantages in cereals: husked (brown) rice.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bhutan's specialization in cereals: husked (brown) ricecomplements Switzerland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cranes: overhead travelling cranes on fixed support.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.97M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.97M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.97 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cereals: husked (brown) rice and cranes: overhead travelling cranes on fixed support demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bhutan's trade deficit of $1.86 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bhutan and Switzerland represents a total trade volume of $1.97 million in 2023. This partnership demonstrates an unfavorable trade balance for Bhutan, with imports exceeding exportsby $1.86 million.
Export Strengths
Bhutan's exports to Switzerland total $57.51 thousand, with competitive advantages in cereals: husked (brown) rice, representing $18,866 or32.8% of bilateral exports.
Import Dependencies
Imports from Switzerland amount to $1.91 million, highlighting economic interdependence in cranes: overhead travelling cranes on fixed support, with Cranes: overhead travelling cranes on fixed support comprising48.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bhutan's strategic sourcing from Switzerland. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bhutan and Switzerland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023