Turkey-Bhutan Economic and Trade Relations

Economy of Bhutan (2017)

GDP (billion $)

2,5

GDP Growth Rate (%)

7,3

Population(million)

807

GDP Per Capita ($)

2.660

Inflation Rate (%)

5,5

Unemployment rate (%)

3,2

Exports(million $)

554

Imports(million $)

1.025

Bilateral Trade Volume (Bin $)

2.399

References: EIU, World Bank

Main Trade Partners: India, Thailand, USA, Singapore, Germany.

Main Export Items: Iron&steel, inorganic chemicals, plastics, copper.

Main Import Items: Machines and tools, mineral oils, land vehicles, electrical machines.

Bilateral Economic and Commercial Relations

Bilateral Trade (thousand USD)

Year

Export

Import

Volume

Balance

2015

28

1.526

1.554

-1.498

2016

98

195

293

-98

2017

61

2.455

2.515

-2.394

2018

186

2.213

2.399

-2.027

2019/first 4 months

64

803

867

-739

References: TÜİK

Main Export Items of Turkey: Marble, travertine, salt, sulfur, cement

Main Import Items of Turkey: Iron components, natural granules

Aid: Turkey donated 100 thousand US Dollars to Bhutan which was affected by the Cyclone Aila in May 2009.

During the Donor’s Conference on Drugs and Traditional Medicines which was organized in Bhutan between October 10-14, 2015, Turkey announced its contribution of 50 thousand USD. This development aid contribution was transferred to Bhutan in November 2015.
A project on the modernization of the informatics infrastructure of the Ministry of Foreign Affairs of the Kingdom of Bhutan was prepared by TIKA and the Protocol on the implementation of the Project was signed on February 17, 2016. In this context, the equipment to be used in the modernization of the electronic communication infrastructure of the Ministry of Foreign Affairs of Bhutan was delivered to the Bhutanese authorities in August 2016.

In accordance with the needs of the Bhutanese, the procedures of donation of an ambulance to Bhutan is to be completed in the year of 2019.