Bhutan

Bhutan ranked No. 220 in total trade value through June with a total of $1.03 million. Exports totaled $900,914 and Imports totaled $131,243, a surplus of $769,671.

U.S. trade with Bhutan rose to $1.03 million through June

Bhutan’s trade with the United States rose to $1.03 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.09 percent below its total trade during the same time period last year. U.S. exports to Bhutan decreased 14.6 percent while U.S. imports from Bhutan fell 40.54 percent. The U.S. surplus with Bhutan was $769,671.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Cleveland’s Hopkins International Airport, Ohio; No. 2 Los Angeles International Airport; No. 3 Port of New Orleans; No. 4 Port of Virginia; and No. 5 San Francisco International Airport, Calif.. During the same period the previous year, the top five were No. 1 Los Angeles International Airport; No. 2 Port of New Orleans; No. 3 Port of Savannah, Ga.; No. 4 Cleveland’s Hopkins International Airport, Ohio and No. 5 Anchorage International Airport, Alaska. In the current time period, the top five accounted for 75.9 percent of Bhutan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Cleveland’s Hopkins International Airport, Ohio rose 90.13 percent to $289,747.
    Exports rose 106.84 percent to $269,996. Imports fell 9.66 percent to $19,751.
  • Trade with No. 2 Los Angeles International Airport fell 45.3 percent to $216,546.
    Exports fell 52.19 percent to $186,138. Imports rose 366.24 percent to $30,408.
  • Trade with No. 3 Port of New Orleans fell 21.53 percent to $138,598.
    Exports rose 1.9 percent to $138,598. There were no imports.
  • Trade with No. 4 Port of Virginia totaled $80,970.
    Exports totaled $80,970. There were no imports.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 1.16 percent to $57,537.
    Exports rose 685.38 percent to $57,537. There were no imports.

Bhutan ranked No. 220 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 219.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Bhutan by value through June were the categories of Equipment, parts for exercising; Meteorological, hydraulic and survey equipment; Cell phones, related equipment; Wooden casks, barrels and vats; and Medical instruments, respectively. They accounted for 64.51 percent of total exports to Bhutan.

The value of the top five categories of U.S. imports from Bhutan –– Ferroalloys 7202; Prepared foods, beverages; Returned exports, without change; Compound Optical Microscopes; Parts & Accesso 9011; and Lubricants, antirust treatments for textiles –– accounted for 77.1 percent of all inbound shipments.

Looking more closely at U.S. exports to Bhutan:

  • Equipment, parts for exercising fell 50.74 percent compared to last year to $187,478.
  • Meteorological, hydraulic and survey equipment rose 3164.92 percent compared to last year to $143,885.
  • Cell phones, related equipment rose 16.04 percent compared to last year to $98,384.
  • Wooden casks, barrels and vats fell 53.08 percent compared to last year to $80,970.
  • Medical instruments rose 204.33 percent compared to last year to $70,424.

Looking more closely at U.S. imports from Bhutan:

  • Ferroalloys 7202 totaled $39,160. The previous year, there were no imports in this category.
  • Prepared foods, beverages fell 43.94 percent compared to last year to $25,205.
  • Returned exports, without change fell 60.97 percent compared to last year to $13,660.
  • Compound Optical Microscopes; Parts & Accesso 9011 totaled $12,413. The previous year, there were no imports in this category.
  • Lubricants, antirust treatments for textiles totaled $10,751. The previous year, there were no imports in this category.

In the latest annual figures available, Bhutan recorded $3.45 million in trade with the United States. Total U.S. exports to Bhutan were $ 2.84 million and imports from Bhutan were $608,300. The U.S. surplus with Bhutan was $2.23 million.