The major potential of Bhutan are its hydropower potential and its tourism. Imports in Bhutan increased to 55306.90 Million BTN in 2015 from 51969.80 Million BTN in 2014. Imports in Bhutan averaged 18531.66 Million BTN from 1991 until 2014, reaching an all-time high of 55306.90 Million BTN in 2014 and a record low of 1254.90 Million BTN in 1991.Bhutan mainly imports oil and fuels, base metals, machinery and electrical appliances, vehicles, wood and food. Bhutan's main imports partner is India, accounting for around 80 per cent of total imports. Other imports partners include South Korea, Thailand, Singapore, Japan, China and Nepal. Our company provides a common platform for both agents and the customers that make’s trade even more easily.
Following are the import procedure followed in Bhutan:-
Bhutan is based on agriculture and forestry from which more than 60% of the people are provided with their livelihood. Exports in Bhutan increased to 32880 Million BTN in 2014 from 29931.50 Million BTN in 2013. Exports in Bhutan averaged 12418.86 Million BTN from 1991 until 2015, reaching an all-time high of 32880 Million BTN in 2015 and a record low of 1129.60 Million BTN in 1991. Bhutan mostly exports electricity to India (around 50 per cent of total exports). Other exports include metals, chemical products, food, wood and rubber. Bhutan's main exports partner is India, accounting for around 97 per cent of total exports. Other exports partners include Hong Kong, Bangladesh, Japan, Nepal and Singapore. Our company provides great service and a transparent platform to make trade operations even easier and accessible.
Following mentioned are the export procedure followed in Bhutan:-
a) The Bhutan Customs will issue a Transit Declaration in the prescribed form (Annexure II) to the owner of the goods or his agent. In the case of third country goods, the transit declaration would also carry an undertaking from the Customs authorities of Bhutan that the goods are meant for consumption in Bhutan only, and in cases of deflection, the laws of both Indian and Bhutan Customs would be applicable. Movement of goods through India accompanied by the Transit Declaration shall not be subject to any sample checking by the Indian authorities except in cases where a specific information is made available to the Indian Customs authorities about consignment(s) carrying goods which are contraband in nature or contrary to the importability of those in any manner. These goods will be examined by Indian customs while transiting through India.
b) At the entry point in India, the Transit Declaration pertaining to goods of third country origin shall be presented to the Indian customs who shall endorse and return it to the owner or his agent and allow movement of goods.
c) The Transit Declaration shall be deposited with the Bhutan Customs Officials at the point of re-entry into Bhutan who shall release the goods after inspecting the same.
Disclaimer: Policies and procedures for all export, Import have been extracted from various internet resources and published policies by the respective governments. Logimart.com is not responsible for any change or alteration in the above written policies and procedures.