Largest opportunity shown
India - Oils: petroleum oils and oils obtained from bituminous minerals, crude
$72.5B is the calculated three-year addressable value in the leading opportunity shown, alongside $130.1B of reported buyer imports.
Export market opportunity guide
Bhutan export opportunities
where to look next
Explore Bhutan's export markets, products, sectors, and regions. Compare reported trade with calculated opportunity indicators to decide where further research may be useful.
Latest exports$308.7M2024 reported value
3-year opportunity$705.1BCalculated addressable value
Buyer markets270Latest reported markets
Trade agreement partners7Reported agreements
Screened opportunities2,915Demand and history filters
Bhutan export opportunities
Where should Bhutan look for export growth?
The ranking combines buyer-market size, calculated projections, exporter position, access conditions, and observed history. It is a research starting point, not a guarantee of sales.
Current export position
$308.7M in reported exports
Bhutan has 270 active buyer markets in the latest reported trade profile.
How to use the guide
Compare demand with access
Use the addressable value to find scale, then review market share, buyer growth, suppliers, access indicators, and history before acting.
Bhutan export market overview
Explore export opportunities by market, product, and sector
This guide brings together reported trade data and calculated indicators to help exporters, advisors, sourcing teams, and market researchers decide where to investigate next.
Bhutan trades with buyer markets across every major region. The current profile shows $308.7M in reported exports for 2024, while the opportunity view highlights market and product combinations where buyer demand, growth, and exporter position may justify further research.
Use the tables to compare the size of each buyer market, Bhutan's current share, the gap to the peer benchmark, and recent demand growth. The 3-year CAGR shows average annual growth over the period. HS2 sectors group detailed product codes into broad product families.
Start with the largest opportunities, then check the current trade footprint, sector breadth, regional concentration, and market-watch signals. The calculated addressable opportunity is a screening indicator, not a confirmed order, sales forecast, or guarantee of market entry. Product-level requirements, tariffs, buyers, logistics, and commercial conditions should be validated before making an export decision.
Current trade footprint
Where Bhutan already trades
Reported country, trade-route, and product data adds context around the calculated opportunity ranking.
Leading buyer marketsLatest reported exports
| Buyer market | Exports | Year-on-year | 3-year CAGR |
|---|---|---|---|
| IndiaIND | $282.8M | -31.7% | +14.8% |
| Republic of KoreaKOR | $8.7M | +383.7% | +77.4% |
| ItalyITA | $4.0M | -77.4% | +5.3% |
| NepalNPL | $3.9M | -50.2% | -14.9% |
| SingaporeSGP | $3.1M | +81.6% | +56.6% |
| USA, Puerto Rico and US Virgin IslandsUSA | $2.1M | +61.7% | +86.7% |
| BrazilBRA | $721.3K | +22.9% | +21.9% |
| South AfricaZAF | $564.3K | +3,331.9% | +404.2% |
Reported product sectors2024 exports by sector
| Sector | Exports | Trade balance | Products tracked |
|---|---|---|---|
| Iron and steelHS2 72 | $125.4M | $52.4M | 167 |
| AircraftHS2 88 | $97.2M | $16.2M | 10 |
| Salt, sulphur, earths and stoneHS2 25 | $48.7M | $39.0M | 54 |
| BeveragesHS2 22 | $13.7M | $4.1M | 23 |
| Inorganic chemicalsHS2 28 | $7.3M | $5.5M | 127 |
| Wood articlesHS2 44 | $4.5M | -$39.4M | 78 |
| Coffee, tea and spicesHS2 09 | $4.2M | $790.4K | 38 |
| Electrical machineryHS2 85 | $1.5M | -$173.0M | 255 |
Top opportunities
Markets and products to review
The top 50 screened opportunities are ranked by calculated three-year addressable value. Reported trade and calculated indicators are labeled separately so the comparison is clear.
| Rank | Buyer market | Product | Addressable 3-year value | Buyer demand growth | Exporter share | Share gap | Signal |
|---|---|---|---|---|---|---|---|
| 1 | IndiaIND | HS 270900Oils: petroleum oils and oils obtained from bituminous minerals, crude | $72.5BCalculated indicator | +13.8% | 0.3% | 37.8% | Growing |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | HS 851712Telephones for cellular networks or for other wireless networks | $53.8BCalculated indicator | +11.8% | 0% | 71.4% | |
| 3 | Republic of KoreaKOR | HS 854232Electronic integrated circuits: memories | $24.8BCalculated indicator | +13.4% | 0% | 81.4% | Slowing |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | HS 711590Metal: precious or metal clad with precious metal, other than that of item no. 7115.10 | $20.2BCalculated indicator | +21.5% | 0% | 57.3% | |
| 5 | SingaporeSGP | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $17.5BCalculated indicator | +4.4% | 0% | 53.4% | Growing |
| 6 | IndiaIND | HS 851770Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $14.8BCalculated indicator | +18.2% | 0% | 82.4% | Growing |
| 7 | MexicoMEX | HS 851712Telephones for cellular networks or for other wireless networks | $13.5BCalculated indicator | +16.9% | 0% | 73.4% | |
| 8 | IndiaIND | HS 270112Coal: bituminous, whether or not pulverised, but not agglomerated | $12.0BCalculated indicator | +12.2% | 0% | 57.3% | Declining |
| 9 | IndiaIND | HS 270119Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated | $11.6BCalculated indicator | +19.2% | 0% | 58.1% | Stable |
| 10 | Republic of KoreaKOR | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $10.6BCalculated indicator | +7.4% | 0% | 53.5% | Slowing |
| 11 | ChinaCHN | HS 852990Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $9.9BCalculated indicator | +7.9% | 0% | 50.3% | Growing |
| 12 | USA, Puerto Rico and US Virgin IslandsUSA | HS 999999Commodities not specified according to kind | $6.8BCalculated indicator | +11.1% | 0% | 80.3% | Growing |
| 13 | MexicoMEX | HS 854231Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $6.0BCalculated indicator | +8.6% | 0% | 26% | Slowing |
| 14 | GermanyDEU | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $6.0BCalculated indicator | +11.4% | 0% | 40% | |
| 15 | FranceFRA | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $5.9BCalculated indicator | +6% | 0% | 34.7% | |
| 16 | USA, Puerto Rico and US Virgin IslandsUSA | HS 392690Plastics: other articles n.e.s. in chapter 39 | $5.9BCalculated indicator | +6.4% | 0% | 40.2% | |
| 17 | United KingdomGBR | HS 880240Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $5.6BCalculated indicator | +7.3% | 0.1% | 51.8% | |
| 18 | SingaporeSGP | HS 851712Telephones for cellular networks or for other wireless networks | $5.6BCalculated indicator | +9.4% | 0% | 84.3% | |
| 19 | Switzerland, LiechtensteinCHE | HS 711319Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $5.1BCalculated indicator | +8.2% | 0% | 36.8% | Declining |
| 20 | MexicoMEX | HS 850760Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $4.8BCalculated indicator | +20.1% | 0% | 54.4% | |
| 21 | MexicoMEX | HS 852351Semiconductor media: solid-state non-volatile storage devices, whether or not recorded, excluding products of Chapter 37 | $4.6BCalculated indicator | +16.2% | 0% | 59.2% | Growing |
| 22 | SingaporeSGP | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $4.6BCalculated indicator | +7.9% | 0% | 71.9% | |
| 23 | MexicoMEX | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $4.5BCalculated indicator | +18.4% | 0% | 36% | Growing |
| 24 | PakistanPAK | HS 271012Product description unavailable | $4.4BCalculated indicator | +21.1% | 0% | 49.6% | Growing |
| 25 | IndiaIND | HS 150710Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified | $4.3BCalculated indicator | +17% | 0% | 68% | |
| 26 | FranceFRA | HS 841191Turbines: parts of turbo-jets and turbo-propellers | $4.0BCalculated indicator | +5.8% | 0% | 55.5% | Stable |
| 27 | USA, Puerto Rico and US Virgin IslandsUSA | HS 210690Food preparations: n.e.s. in item no. 2106.10 | $4.0BCalculated indicator | +11.7% | 0% | 39.3% | Stable |
| 28 | USA, Puerto Rico and US Virgin IslandsUSA | HS 630790Textiles: made up articles (including dress patterns), n.e.c. in chapter 63, n.e.c. in heading no. 6307 | $3.9BCalculated indicator | +7.9% | 0% | 65.6% | Growing |
| 29 | IndiaIND | HS 852990Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $3.8BCalculated indicator | +11% | 0% | 86.6% | Slowing |
| 30 | United KingdomGBR | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $3.5BCalculated indicator | +4.3% | 0% | 49.7% | Stable |
| 31 | IndiaIND | HS 880240Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $3.5BCalculated indicator | +17% | 0.9% | 20.9% | Growing |
| 32 | MexicoMEX | HS 392690Plastics: other articles n.e.s. in chapter 39 | $3.4BCalculated indicator | +5.2% | 0% | 57.4% | |
| 33 | CanadaCAN | HS 870899Vehicle parts and accessories: n.e.c. in heading no. 8708 | $3.2BCalculated indicator | +1.3% | 0% | 68.8% | Stable |
| 34 | NetherlandsNLD | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $3.2BCalculated indicator | +13.3% | 0% | 20.3% | Declining |
| 35 | USA, Puerto Rico and US Virgin IslandsUSA | HS 640299Footwear: n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics | $3.1BCalculated indicator | +3.9% | 0% | 57.2% | Declining |
| 36 | MexicoMEX | HS 853890Electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537 | $3.1BCalculated indicator | +8% | 0% | 56.2% | Growing |
| 37 | United KingdomGBR | HS 999999Commodities not specified according to kind | $2.9BCalculated indicator | +16.4% | 0% | 96.5% | Growing |
| 38 | USA, Puerto Rico and US Virgin IslandsUSA | HS 392490Plastics: household articles and hygienic or toilet articles | $2.9BCalculated indicator | +6.6% | 0% | 77.3% | Declining |
| 39 | SingaporeSGP | HS 847180Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $2.8BCalculated indicator | +9.8% | 0% | 53.1% | |
| 40 | USA, Puerto Rico and US Virgin IslandsUSA | HS 330300Perfumes and toilet waters | $2.7BCalculated indicator | +8.3% | 0% | 41.8% | Declining |
| 41 | USA, Puerto Rico and US Virgin IslandsUSA | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $2.6BCalculated indicator | +5.7% | 0% | 16.3% | Slowing |
| 42 | MexicoMEX | HS 852872Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen | $2.6BCalculated indicator | +13.7% | 0% | 73.5% | Growing |
| 43 | USA, Puerto Rico and US Virgin IslandsUSA | HS 940510Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares | $2.5BCalculated indicator | +7.9% | 0% | 44.3% | Growing |
| 44 | ChinaCHN | HS 852580Television cameras, digital cameras and video camera recorders | $2.5BCalculated indicator | +17% | 0% | 42.5% | Declining |
| 45 | SingaporeSGP | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $2.4BCalculated indicator | +18.4% | 0% | 25.8% | Growing |
| 46 | China, Hong Kong Special Administrative RegionHKG | HS 847150Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units | $2.4BCalculated indicator | +5.1% | 0% | 66.7% | |
| 47 | USA, Puerto Rico and US Virgin IslandsUSA | HS 940360Furniture: wooden, other than for office, kitchen or bedroom use | $2.4BCalculated indicator | +5.3% | 0% | 29.5% | Declining |
| 48 | MexicoMEX | HS 853690Electrical apparatus: n.e.s. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts | $2.4BCalculated indicator | +6.7% | 0% | 50.5% | Declining |
| 49 | USA, Puerto Rico and US Virgin IslandsUSA | HS 640399Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather | $2.4BCalculated indicator | +1.3% | 0% | 37.9% | Declining |
| 50 | MexicoMEX | HS 853710Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts | $2.3BCalculated indicator | +13% | 0% | 51.1% | Growing |
Showing the five highest-ranked opportunities on mobile. View the complete opportunity data.
How to use this guide
Read the opportunity ranking beside current trade
A large calculated opportunity is more useful when it is compared with the exporter's current markets, product breadth, and trade-route exposure.
Product breadth
270 active buyer markets
The country profile reports 270 active markets and 7 trade-agreement partners in the latest available year.
Current trade base
$308.7M latest exports
Compare the current export base with the addressable opportunity rather than treating the projection as reported trade.
Market coverage
10 leading buyer markets
Reported trade-route and sector data provide a factual starting point for prioritizing deeper market research.
Export opportunity by sector
Which product sectors have the most room?
HS2 chapters show where screened market and product opportunities are concentrated by product family.
| Sector | Opportunities | Addressable 3-year value | Buyer imports |
|---|---|---|---|
| Electrical machineryHS2 85 | 406 | $279.6B | $401.8B |
| Mineral fuelsHS2 27 | 17 | $101.6B | $162.0B |
| MachineryHS2 84 | 176 | $40.9B | $87.2B |
| PlasticsHS2 39 | 97 | $28.7B | $56.4B |
| AircraftHS2 88 | 21 | $28.6B | $62.5B |
| Precious stones and metalsHS2 71 | 26 | $27.9B | $34.2B |
| Furniture and lightingHS2 94 | 50 | $14.1B | $30.4B |
| HS2 sector 99HS2 99 | 13 | $11.2B | $10.2B |
| VehiclesHS2 87 | 47 | $10.6B | $20.9B |
| Works of artHS2 97 | 49 | $10.4B | $22.5B |
Buyer markets by region
Where is opportunity concentrated?
Regions group buyer markets to make the country's export opportunity landscape easier to compare.
North America
$261.6B calculated opportunity
484 screened opportunities across 3 buyer markets. Reported buyer imports total $407.1B.
Leading markets: USA, Puerto Rico and US Virgin Islands, Mexico, Canada
South Asia
$192.6B calculated opportunity
1,059 screened opportunities across 6 buyer markets. Reported buyer imports total $293.1B.
Leading markets: India, Pakistan, Bangladesh, Nepal, Sri Lanka
Europe
$97.1B calculated opportunity
599 screened opportunities across 30 buyer markets. Reported buyer imports total $242.2B.
Leading markets: France, United Kingdom, Germany, Switzerland, Liechtenstein, Netherlands
East Asia
$77.9B calculated opportunity
266 screened opportunities across 7 buyer markets. Reported buyer imports total $111.5B.
Leading markets: Republic of Korea, China, China, Hong Kong Special Administrative Region, Japan, Taiwan
Southeast Asia
$64.8B calculated opportunity
238 screened opportunities across 8 buyer markets. Reported buyer imports total $113.8B.
Leading markets: Singapore, Thailand, Malaysia, Philippines, Indonesia
Africa
$3.3B calculated opportunity
56 screened opportunities across 14 buyer markets. Reported buyer imports total $6.4B.
Leading markets: South Africa, Nigeria, Kenya, Angola, Democratic Republic of the Congo
Oceania
$2.6B calculated opportunity
41 screened opportunities across 2 buyer markets. Reported buyer imports total $5.2B.
Leading markets: Australia, New Zealand
Latin America and Caribbean
$2.5B calculated opportunity
110 screened opportunities across 12 buyer markets. Reported buyer imports total $6.6B.
Leading markets: Colombia, Honduras, Brazil, Cuba, Costa Rica
Market watch
What could change the opportunity?
Current trade-route risk and new-market observations are shown separately from the historical opportunity ranking.
Markets to watchCurrent trade-route context
| Buyer market | Trade | Attention | Main factor |
|---|---|---|---|
| IndiaIND | $275.0M | High attention | Buyer-market concentration is the largest observed corridor exposure |
| Republic of KoreaKOR | $8.6M | High attention | Buyer-market concentration is the largest observed corridor exposure |
| NepalNPL | $3.8M | High attention | Current trade remains materially below historical peaks |
| USA, Puerto Rico and US Virgin IslandsUSA | $1.8M | High attention | Volatile products account for the largest observed corridor exposure |
| SingaporeSGP | $1.5M | Stable | Buyer-market concentration is the largest observed corridor exposure |
| BrazilBRA | $707.7K | Stable | Tariff, distance or agreement conditions create market-access friction |
New market signals
8 current observations
These observations identify recent product-market relationships that may deserve a closer look.
SingaporeHS 850164 · new
100ItalyHS 720712 · new
100ItalyHS 720449 · new
100IndiaHS 220422 · new
100SingaporeHS 841381 · new
100IndiaHS 880390 · new
100How to read the numbers
Keep reported values separate from projections
This guide supports market research. It does not replace commercial validation, buyer conversations, or product-level due diligence.
Addressable opportunity
A calculated screening indicator based on buyer demand and exporter position. It is not a reported order value, sales forecast, or guarantee of market entry.
Market share and gap
Share describes the exporter's position in the reported buyer market. The gap indicates room relative to the peer benchmark in the available data.
Screening and coverage
Opportunities shown here exceed $50.0K in latest buyer imports and have at least 3 observed trade years.
Frequently asked questions
Using the Bhutan export opportunity guide
Definitions and practical guidance for interpreting the market, product, and sector comparisons.
What are the top export opportunities?
The leading opportunities are buyer-market and product combinations with the highest calculated three-year addressable value in the screened results. Review reported buyer imports, Bhutan's current share, demand growth, and market conditions before prioritizing one.
What does addressable opportunity mean?
It is a calculated indicator that compares buyer demand context with exporter position and available market signals. It helps prioritize research; it is not a confirmed order, forecast, or promise of sales.
How should exporters use this page?
Begin with a market and product that fits your capability, compare the current trade footprint and market-watch factors, then validate tariffs, buyers, standards, logistics, pricing, and competition at product level.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.