Indonesia's Exports to Bhutan Decreased, but Imports Increased in 2020

Indonesia's trade balance with Bhutan showed a surplus of US$1.01 million in 2020. However, this surplus decreased by -29.63% compared to the previous year's balance of US$1.43 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesian export value reaching US$1.01 million. This value is higher than Indonesia's imports from Bhutan, which were recorded at US$4,000.

Indonesian exports to Bhutan have been declining over the past year. The previous year's export value was US$1.43 million.

Imports, according to Trademap data, increased by 33.33% compared to the previous year, which was recorded at US$3,000.

Based on product type, there were 10 main export products from Indonesia to Bhutan that recorded a surplus during 2020. The total value of these main exports reached US$1.01 million.

List of 10 Main Indonesian Export Products to Bhutan

1. (HS 85): Electrical machinery and equipment and parts thereof; sound or television recording and reproducing apparatus.


2. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.


3. (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.


4. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products.


5. (HS 30): Pharmaceutical products.


6. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations.


7. (HS 22): Beverages, spirits and vinegar.


8. (HS 99): Commodities not specified elsewhere.


9. (HS 21): Miscellaneous edible preparations.


10. (HS 17): Sugars and sugar confectionery.

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.