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Bhutan

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
4.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0
0
0

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, here's the latest update on tariffs concerning Bhutan: United States Tariffs on Goods from Bhutan: A 10% tariff is currently applied to all goods and commodities exported from Bhutan to the United States. This tariff was implemented as part of a new trade policy announced by U.S. President Donald Trump on April 2, 2025. The 10% rate places Bhutan in the minimal tariff category compared to some other Asian countries facing significantly higher rates (e.g., China at 125%). Bhutan's primary export to the U.S. is ferrosilicon, which constitutes a large majority (around 80%) of its shipments. Other exports are minimal and include items like cordyceps and household goods. Experts believe the impact of this 10% tariff on Bhutan's economy will likely be minimal, as exports to the U.S. account for a very small percentage (around 0.1%) of Bhutan's GDP. Bhutan's Response: Bhutan is not expected to impose reciprocal tariffs on goods imported from the United States. Officials have stated that the trade volume with the U.S. is negligible, and Bhutan has limited leverage in this situation. Bhutan's General Tariff Rates: It's important to note Bhutan also applies its own tariffs on imports from various countries. According to the World Trade Organization data: The simple average Most Favored Nation (MFN) applied tariff for all products in Bhutan was 9.3% in 2023. The weighted mean applied tariff for all products was 4.79% in 2022. For manufactured products, the weighted mean applied tariff was 4.17% in 2022. Impact on Bhutan-U.S. Trade: While the 10% U.S. tariff is not expected to severely impact Bhutan's overall economy, there are concerns about potential price increases for consumers in Bhutan due to a stronger U.S. dollar.   There's also a possibility that Bhutan might explore diverting its exports to new markets to mitigate the impact of the U.S. tariffs. The U.S. was Bhutan's sixth-largest export market in 2024. In summary, the most recent update indicates that Bhutan is subject to a 10% tariff on its exports to the United States. While this is not expected to have a major economic impact on Bhutan, the broader global trade tensions and the U.S.'s new tariff policies are being closely monitored. Bhutan itself applies its own tariffs on imports, with average rates generally below 10%.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from Bhutan by value are: Iron and steel ($3.27 Million) Commodities not specified according to kind ($123.37K) Works of art, collectors' pieces and antiques ($48.65K) Footwear, gaiters and the like, ($29.81K) Beverages, spirits and vinegar ($22.15K) Bhutan's main exports globally also include electricity (mainly to India), ferrosilicons, ferro-silico-manganese, dolomite, and boulders. Here's a look at which states in the US can manufacture similar goods, along with some example companies: Iron and Steel: Several states have significant iron and steel production.   Pennsylvania: U.S. Steel, Nucor   Indiana: ArcelorMittal, Steel Dynamics Inc.   Ohio: Cleveland-Cliffs, Republic Steel Illinois: U.S. Steel, Nucor Alabama: Nucor, SSAB Americas   Ferrosilicon and Ferro-silico-manganese: These are types of ferroalloys used in steel production. States with ferroalloy production include:   Ohio: Globe Metallurgical (though they have global operations)   West Virginia: Felman Production   It's important to note that specific ferrosilicon and ferro-silico-manganese production might be more specialized. Cement (related to Dolomite and Boulders): Many states produce cement, which uses raw materials like limestone, similar to dolomite.   Texas: Cemex, LafargeHolcim   California: CalPortland, Heidelberg Materials Florida: Titan America, Cemex Most states have cement production facilities due to the weight and transportation costs of cement. Beverages (Spirits and Mineral Water): Numerous states have distilleries and bottled water plants.   Kentucky: Known for bourbon distilleries (e.g., Jim Beam, Maker's Mark)   Tennessee: Famous for Tennessee whiskey (e.g., Jack Daniel's, George Dickel) California: Large wine and beverage industry (e.g., E. & J. Gallo Winery, Nestle Waters North America)   Most states have a variety of beverage producers. Footwear: While a significant portion of footwear is now imported, some US manufacturing still exists, often focusing on specialized or high-end products. Maine: New Balance (some production) Massachusetts: New Balance (some production), Wolverine World Wide (some brands) Oregon: Nike (some specialized footwear)   Works of Art, Collectors' Pieces and Antiques: This category is less about mass manufacturing and more about individual artists and antique dealers spread across the country. Major centers for art and antiques include New York, California, Illinois, and Florida, but artisans and antique businesses exist in almost every state. It's important to understand that while the US can manufacture similar types of goods to those imported from Bhutan, the scale of production, specific types, and cost-competitiveness can vary significantly. For example, while the US has a large steel industry, the specific grades and types of iron and steel imported from Bhutan might fill a niche market. Similarly, while many states produce beverages, the specific mineral water or spirits from Bhutan might have unique characteristics or branding.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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