# Bhutan exporter opportunity index

This page reviews 2,915 screened market and product opportunities for Bhutan. It combines reported trade observations with calculated opportunity indicators.

## Summary

- Latest reported exports: $308.7M
- Calculated three-year addressable opportunity: $705.1B
- Active partner markets: 270
- FTA partners: 7
- Profile year: 2024

## Top Opportunities

| Rank | Buyer market | Product | Addressable 3-year value | Buyer CAGR | Exporter share | Share gap | Signal |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | India (IND) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $72.5B | +13.8% | 0.3% | 37.8% | Growing |
| 2 | USA, Puerto Rico and US Virgin Islands (USA) | HS 851712 Telephones for cellular networks or for other wireless networks | $53.8B | +11.8% | 0% | 71.4% | Accelerating |
| 3 | Republic of Korea (KOR) | HS 854232 Electronic integrated circuits: memories | $24.8B | +13.4% | 0% | 81.4% | Slowing |
| 4 | USA, Puerto Rico and US Virgin Islands (USA) | HS 711590 Metal: precious or metal clad with precious metal, other than that of item no. 7115.10 | $20.2B | +21.5% | 0% | 57.3% | Accelerating |
| 5 | Singapore (SGP) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $17.5B | +4.4% | 0% | 53.4% | Growing |
| 6 | India (IND) | HS 851770 Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $14.8B | +18.2% | 0% | 82.4% | Growing |
| 7 | Mexico (MEX) | HS 851712 Telephones for cellular networks or for other wireless networks | $13.5B | +16.9% | 0% | 73.4% | Accelerating |
| 8 | India (IND) | HS 270112 Coal: bituminous, whether or not pulverised, but not agglomerated | $12.0B | +12.2% | 0% | 57.3% | Declining |
| 9 | India (IND) | HS 270119 Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated | $11.6B | +19.2% | 0% | 58.1% | Stable |
| 10 | Republic of Korea (KOR) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $10.6B | +7.4% | 0% | 53.5% | Slowing |
| 11 | China (CHN) | HS 852990 Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $9.9B | +7.9% | 0% | 50.3% | Growing |
| 12 | USA, Puerto Rico and US Virgin Islands (USA) | HS 999999 Commodities not specified according to kind | $6.8B | +11.1% | 0% | 80.3% | Growing |
| 13 | Mexico (MEX) | HS 854231 Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $6.0B | +8.6% | 0% | 26% | Slowing |
| 14 | Germany (DEU) | HS 851762 Communication 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 | $6.0B | +11.4% | 0% | 40% | Accelerating |
| 15 | France (FRA) | HS 880330 Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $5.9B | +6% | 0% | 34.7% | Accelerating |
| 16 | USA, Puerto Rico and US Virgin Islands (USA) | HS 392690 Plastics: other articles n.e.s. in chapter 39 | $5.9B | +6.4% | 0% | 40.2% | Accelerating |
| 17 | United Kingdom (GBR) | HS 880240 Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $5.6B | +7.3% | 0.1% | 51.8% | Accelerating |
| 18 | Singapore (SGP) | HS 851712 Telephones for cellular networks or for other wireless networks | $5.6B | +9.4% | 0% | 84.3% | Accelerating |
| 19 | Switzerland, Liechtenstein (CHE) | HS 711319 Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $5.1B | +8.2% | 0% | 36.8% | Declining |
| 20 | Mexico (MEX) | HS 850760 Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $4.8B | +20.1% | 0% | 54.4% | Accelerating |
| 21 | Mexico (MEX) | HS 852351 Semiconductor media: solid-state non-volatile storage devices, whether or not recorded, excluding products of Chapter 37 | $4.6B | +16.2% | 0% | 59.2% | Growing |
| 22 | Singapore (SGP) | HS 880330 Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $4.6B | +7.9% | 0% | 71.9% | Accelerating |
| 23 | Mexico (MEX) | HS 851762 Communication 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 | $4.5B | +18.4% | 0% | 36% | Growing |
| 24 | Pakistan (PAK) | HS 271012 Product description unavailable | $4.4B | +21.1% | 0% | 49.6% | Growing |
| 25 | India (IND) | HS 150710 Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified | $4.3B | +17% | 0% | 68% | Accelerating |
| 26 | France (FRA) | HS 841191 Turbines: parts of turbo-jets and turbo-propellers | $4.0B | +5.8% | 0% | 55.5% | Stable |
| 27 | USA, Puerto Rico and US Virgin Islands (USA) | HS 210690 Food preparations: n.e.s. in item no. 2106.10 | $4.0B | +11.7% | 0% | 39.3% | Stable |
| 28 | USA, Puerto Rico and US Virgin Islands (USA) | HS 630790 Textiles: made up articles (including dress patterns), n.e.c. in chapter 63, n.e.c. in heading no. 6307 | $3.9B | +7.9% | 0% | 65.6% | Growing |
| 29 | India (IND) | HS 852990 Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $3.8B | +11% | 0% | 86.6% | Slowing |
| 30 | United Kingdom (GBR) | HS 880330 Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $3.5B | +4.3% | 0% | 49.7% | Stable |
| 31 | India (IND) | HS 880240 Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $3.5B | +17% | 0.9% | 20.9% | Growing |
| 32 | Mexico (MEX) | HS 392690 Plastics: other articles n.e.s. in chapter 39 | $3.4B | +5.2% | 0% | 57.4% | Accelerating |
| 33 | Canada (CAN) | HS 870899 Vehicle parts and accessories: n.e.c. in heading no. 8708 | $3.2B | +1.3% | 0% | 68.8% | Stable |
| 34 | Netherlands (NLD) | HS 851762 Communication 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 | $3.2B | +13.3% | 0% | 20.3% | Declining |
| 35 | USA, Puerto Rico and US Virgin Islands (USA) | HS 640299 Footwear: n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics | $3.1B | +3.9% | 0% | 57.2% | Declining |
| 36 | Mexico (MEX) | HS 853890 Electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537 | $3.1B | +8% | 0% | 56.2% | Growing |
| 37 | United Kingdom (GBR) | HS 999999 Commodities not specified according to kind | $2.9B | +16.4% | 0% | 96.5% | Growing |
| 38 | USA, Puerto Rico and US Virgin Islands (USA) | HS 392490 Plastics: household articles and hygienic or toilet articles | $2.9B | +6.6% | 0% | 77.3% | Declining |
| 39 | Singapore (SGP) | HS 847180 Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $2.8B | +9.8% | 0% | 53.1% | Accelerating |
| 40 | USA, Puerto Rico and US Virgin Islands (USA) | HS 330300 Perfumes and toilet waters | $2.7B | +8.3% | 0% | 41.8% | Declining |
| 41 | USA, Puerto Rico and US Virgin Islands (USA) | HS 880330 Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $2.6B | +5.7% | 0% | 16.3% | Slowing |
| 42 | Mexico (MEX) | HS 852872 Reception 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 | $2.6B | +13.7% | 0% | 73.5% | Growing |
| 43 | USA, Puerto Rico and US Virgin Islands (USA) | HS 940510 Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares | $2.5B | +7.9% | 0% | 44.3% | Growing |
| 44 | China (CHN) | HS 852580 Television cameras, digital cameras and video camera recorders | $2.5B | +17% | 0% | 42.5% | Declining |
| 45 | Singapore (SGP) | HS 851762 Communication 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 | $2.4B | +18.4% | 0% | 25.8% | Growing |
| 46 | China, Hong Kong Special Administrative Region (HKG) | HS 847150 Digital 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 | $2.4B | +5.1% | 0% | 66.7% | Accelerating |
| 47 | USA, Puerto Rico and US Virgin Islands (USA) | HS 940360 Furniture: wooden, other than for office, kitchen or bedroom use | $2.4B | +5.3% | 0% | 29.5% | Declining |
| 48 | Mexico (MEX) | HS 853690 Electrical apparatus: n.e.s. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts | $2.4B | +6.7% | 0% | 50.5% | Declining |
| 49 | USA, Puerto Rico and US Virgin Islands (USA) | HS 640399 Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather | $2.4B | +1.3% | 0% | 37.9% | Declining |
| 50 | Mexico (MEX) | HS 853710 Boards, 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 | $2.3B | +13% | 0% | 51.1% | Growing |

## Sector View

- Electrical machinery (HS2 85): $279.6B across 406 screened opportunities.
- Mineral fuels (HS2 27): $101.6B across 17 screened opportunities.
- Machinery (HS2 84): $40.9B across 176 screened opportunities.
- Plastics (HS2 39): $28.7B across 97 screened opportunities.
- Aircraft (HS2 88): $28.6B across 21 screened opportunities.
- Precious stones and metals (HS2 71): $27.9B across 26 screened opportunities.
- Furniture and lighting (HS2 94): $14.1B across 50 screened opportunities.
- HS2 sector 99 (HS2 99): $11.2B across 13 screened opportunities.
- Vehicles (HS2 87): $10.6B across 47 screened opportunities.
- Works of art (HS2 97): $10.4B across 49 screened opportunities.

## Reported Export Footprint

- India (IND): $282.8M reported exports; YoY -31.7%.
- Republic of Korea (KOR): $8.7M reported exports; YoY +383.7%.
- Italy (ITA): $4.0M reported exports; YoY -77.4%.
- Nepal (NPL): $3.9M reported exports; YoY -50.2%.
- Singapore (SGP): $3.1M reported exports; YoY +81.6%.
- USA, Puerto Rico and US Virgin Islands (USA): $2.1M reported exports; YoY +61.7%.
- Brazil (BRA): $721.3K reported exports; YoY +22.9%.
- South Africa (ZAF): $564.3K reported exports; YoY +3,331.9%.

## Corridor Risk and Signals

- India (IND): High attention; Buyer-market concentration is the largest observed corridor exposure.
- Republic of Korea (KOR): High attention; Buyer-market concentration is the largest observed corridor exposure.
- Nepal (NPL): High attention; Current trade remains materially below historical peaks.
- USA, Puerto Rico and US Virgin Islands (USA): High attention; Volatile products account for the largest observed corridor exposure.
- Singapore (SGP): Stable; Buyer-market concentration is the largest observed corridor exposure.
- Brazil (BRA): Stable; Tariff, distance or agreement conditions create market-access friction.

## Region View

- North America: $261.6B across 3 buyer markets.
- South Asia: $192.6B across 6 buyer markets.
- Europe: $97.1B across 30 buyer markets.
- East Asia: $77.9B across 7 buyer markets.
- Southeast Asia: $64.8B across 8 buyer markets.
- Africa: $3.3B across 14 buyer markets.
- Oceania: $2.6B across 2 buyer markets.
- Latin America and Caribbean: $2.5B across 12 buyer markets.

## How to Read

Addressable opportunity is a calculated screening indicator, not a reported order value. Opportunities are included when latest buyer imports exceed $50.0K and at least 3 trade years are available.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.