# Bhutan Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
- [Trade data](https://www.yugalinks.com/trade/)
- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: Bhutan (BTN)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 4
- Calculated three-year opportunity: $1.7B
- Reported FTA markets: 0
- Average reported distance: 15,737 km
- Average business entry indicator: 23 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Colombia | COL | $720.1M | 4 | Not reported | 16,100 km | 10 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale |
| Honduras | HND | $525.0M | 3 | Not reported | 15,391 km | 42 | Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc |
| Brazil | BRA | $411.5M | 3 | Not reported | 15,652 km | 17 | Vehicles: parts and accessories, of bodies, other than safety seat belts |
| Costa Rica | CRI | $81.7M | 1 | Not reported | 15,805 km | 23 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Colombia (COL) | HS 300490 - Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $441.9M | +12.3% | +0.1% |
| 2 | Brazil (BRA) | HS 870829 - Vehicles: parts and accessories, of bodies, other than safety seat belts | $253.3M | +8.0% | +0.0% |
| 3 | Honduras (HND) | HS 870323 - Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $189.3M | +9.8% | +0.1% |
| 4 | Honduras (HND) | HS 871120 - Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars | $184.4M | +19.9% | +0.0% |
| 5 | Honduras (HND) | HS 870421 - Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 | $151.3M | +9.3% | +0.2% |
| 6 | Colombia (COL) | HS 901890 - Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018 | $118.7M | +7.2% | +0.1% |
| 7 | Brazil (BRA) | HS 853650 - Electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts | $113.0M | +6.2% | +0.2% |
| 8 | Colombia (COL) | HS 847149 - Data processing machines: digital, automatic, (not portable, analogue or hybrid), presented in the form of systems, n.e.s. in item no. 8471.41 | $83.4M | +5.3% | +0.0% |
| 9 | Costa Rica (CRI) | HS 300490 - Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $81.7M | +8.3% | +0.0% |
| 10 | Colombia (COL) | HS 392690 - Plastics: other articles n.e.s. in chapter 39 | $76.1M | +7.0% | +0.0% |
| 11 | Brazil (BRA) | HS 681599 - Stone articles and articles of other mineral substances: n.e.s. or included in heading no. 6815 | $45.2M | +9.4% | +0.0% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 87 - HS2 sector 87 | 4 | $1.9B | $778.3M | +11.7% |
| HS2 30 - HS2 sector 30 | 2 | $2.1B | $523.6M | +10.3% |
| HS2 90 - HS2 sector 90 | 1 | $300.0M | $118.7M | +7.2% |
| HS2 85 - HS2 sector 85 | 1 | $364.9M | $113.0M | +6.2% |
| HS2 84 - HS2 sector 84 | 1 | $123.0M | $83.4M | +5.3% |
| HS2 39 - HS2 sector 39 | 1 | $141.8M | $76.1M | +7.0% |
| HS2 68 - HS2 sector 68 | 1 | $112.3M | $45.2M | +9.4% |

## Frequently asked questions

### Should Bhutan focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## 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.