Indonesia-Bhutan Bilateral Trade Analysis 2023
Complete trade statistics: $11.39M total volume •Indonesia surplus: $5.58M
Indonesia → Bhutan
$8.48M
Exports (2023)
Bhutan → Indonesia
$2.90M
Imports (2023)
Trade Balance
$5.58M
Surplus for Indonesia
Total Trade
$11.39M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Indonesia and Bhutan. Green line shows exports from Indonesia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Indonesia-Bhutan commercial relationship and competitive positioning in global markets.
Indonesia → Bhutan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Indonesia's export portfolio to Bhutan demonstrates strategic specialization, with electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 representing a key competitive advantage in this bilateral market.
Bhutan → Indonesia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Indonesia's import pattern from Bhutan reveals significant dependencyin ferro-alloys: ferro-silico-manganese, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Indonesia demonstrates competitive strength in exportingelectrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 to Bhutan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.39M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Indonesia-Bhutan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.39 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Indonesia maintains a surplus of $5.58 million
- Export Focus: Indonesia's primary exports include electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, insulated electric conductors: for a voltage exceeding 1000 volts
- Import Dependencies: Key imports from Bhutan include ferro-alloys: ferro-silico-manganese, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves, pumps: fuel, lubricating or cooling medium pumps for internal combustion piston engines
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 $11.39M 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 Indonesia leveraging its comparative advantages in electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543.
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
Indonesia's specialization in electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543complements Bhutan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ferro-alloys: ferro-silico-manganese.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.39M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.39M 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 $11.39 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 and ferro-alloys: ferro-silico-manganese demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Indonesia's trade surplus of $5.58 million strengthens 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 Indonesia and Bhutan represents a total trade volume of $11.39 million in 2023. This partnership demonstrates a favorable trade balance for Indonesia, with exports exceeding importsby $5.58 million.
Export Strengths
Indonesia's exports to Bhutan total $8.48 million, with competitive advantages in electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543, representing $6.65M or78.4% of bilateral exports.
Import Dependencies
Imports from Bhutan amount to $2.90 million, highlighting economic interdependence in ferro-alloys: ferro-silico-manganese, with Ferro-alloys: ferro-silico-manganese comprising99.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Indonesia's competitive position in this bilateral relationship. 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 Indonesia and Bhutan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023