Cheap electricity from hydropower has contributed to the growth of the industrial sector since the 1990s. Today, the industry accounts for over 40 percent of the economy. This is mainly a relatively small-scale light industry.
More than a tenth of the labor force is found in industry. What is manufactured in the factories is metal products, cement, wood products, food, matches, candles, carpets and the like. Almost all companies are privately owned.
Virtually all industries are close to the border with India in the south. The small border town of Phuentsholing is the most important industrial area. In 2011, the country’s first IT park was opened in Thimphu, but it has been difficult to attract foreign as well as domestic companies.
- COUNTRYAAH: List of top trading partners of Bhutan. Includes countries that imported most shipments from and exported most goods to the country.