# Bhutan Chemicals Export Opportunities (HS 28-38)

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> Yugalinks sector export playbook

Explore Bhutan HS 28-38 chemicals export opportunities, product portfolio, buyer markets, growth signals, and diversification opportunities.

## Overview

- Exporter: Bhutan (BTN)
- Sector: Chemicals
- HS chapters: HS 28-38
- Latest trade year: 2024
- Sector exports: $4.8M
- Products: 41
- Buyer markets: 21
- Average CAGR: +33.8%
- Global sector size: $39.2B

## Product portfolio

| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| HS 330300 - Perfumes and toilet waters | $10.9B | $7.9K | $5.9B | -1.2% | 11 | +0.0% |
| 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 | $8.9B | $744.8K | $2.5B | +173.7% | 8 | +0.0% |
| HS 382499 - Chemical products, mixtures and preparations: n.e.c. heading 3824 | $2.5B | $2.3K | $1.7B | +3.2% | 2 | +0.0% |
| HS 330499 - Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) | $3.7B | $5.2K | $1.4B | +27.7% | 4 | +0.0% |
| HS 310210 - Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution | $2.0B | $245.7 | $1.0B | +94.1% | 1 | +0.0% |
| HS 330749 - Perfumes and deodorizors: perfuming or deodorizing preparations for rooms, (excluding those which operate by burning) | $1.6B | $2.3K | $974.4M | +20.2% | 6 | +0.0% |
| HS 310520 - Fertilizers, mineral or chemical: containing the three fertilizing elements nitrogen, phosphorus and potassium | $589.9M | $29.0 | $805.3M | +61.4% | 1 | +0.0% |
| HS 280469 - Silicon: containing by weight less than 99.99% of silicon | $1.2B | $3.8M | $743.3M | +44.2% | 3 | +0.5% |
| HS 340130 - Organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap | $735.1M | $102.8 | $479.5M | +57.8% | 1 | +0.0% |
| HS 310420 - Fertilizers, mineral or chemical: potassic, potassium chloride | $1.2B | $1.3K | $473.2M | +83.7% | 2 | +0.0% |
| HS 330790 - Perfumes and deodorizers: perfuming or deodorizing preparations n.e.c. in heading no. 3307 | $748.5M | $131.2 | $305.9M | +14.6% | 3 | +0.0% |
| HS 290230 - Cyclic hydrocarbons: toluene | $475.2M | $878.3 | $245.0M | +180.5% | 1 | +0.0% |
| HS 340700 - Modelling pastes: preparations known as dental wax, put up in sets, in packings for retail sale or in plates, horseshoe shapes, sticks or similar forms, other preparations for use in dentistry | $290.6M | $375.0 | $219.8M | +99.0% | 1 | +0.0% |
| HS 340120 - Soap: in forms n.e.c. in item no. 3401.11 | $276.1M | $4.0K | $214.1M | -16.5% | 2 | +0.0% |
| HS 330129 - Oils, essential: n.e.s. in heading no. 3301 (terpeneless or not), including concretes and absolutes | $631.8M | $1.3K | $203.3M | -13.5% | 3 | +0.0% |
| HS 340119 - Soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, not for toilet use | $182.0M | $490.0 | $199.2M | -15.6% | 2 | +0.0% |
| HS 294200 - Organic compounds: n.e.s. in chapter 29 | $198.7M | $162.6 | $175.2M | +18.8% | 1 | +0.0% |
| HS 340111 - Soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products) | $274.2M | $6.5K | $169.6M | -14.8% | 1 | +0.0% |
| HS 382200 - Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material | $377.7M | $113.8 | $147.8M | +5.3% | 1 | +0.0% |
| HS 381590 - Reaction initiators, reaction accelerators and catalytic preparations, unsupported, n.e.s. or included | $202.7M | $0.1 | $132.1M | -32.6% | 1 | +0.0% |
| HS 294190 - Antibiotics: n.e.c. in heading no. 2941 | $113.9M | $83.8K | $112.4M | +37.6% | 1 | +0.2% |
| HS 330190 - Oils, essential: concentrates in fats, fixed oils, waxes and the like, terpenic by-products, aqueous distillates and solutions, extracted oleoresins, n.e.c. in heading no. 3301 | $93.9M | $19.6K | $98.0M | +45.7% | 1 | +0.0% |
| HS 330113 - Oils, essential: of lemon (terpeneless or not), including concretes and absolutes | $121.0M | $515.9 | $97.7M | +8.1% | 1 | +0.0% |
| HS 300215 - Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $227.7M | $13.3 | $93.4M | -27.8% | 1 | +0.0% |
| HS 320300 - Colouring matter of vegetable or animal origin, including dyeing extracts not animal black, whether or not chemically defined: preparations based on colouring matter of vegetable or animal origin | $60.7M | $8.7K | $78.2M | +0.2% | 1 | +0.0% |
| HS 330210 - Odoriferous substances and mixtures: of a kind used in the food or drink industries | $131.8M | $76.8 | $73.6M | -0.7% | 1 | +0.0% |
| HS 380510 - Terpenic oils: gum, wood or sulphate turpentine oils | $139.5M | $5.5K | $71.8M | -3.3% | 1 | +0.0% |
| HS 350220 - Albumins: milk albumin, including concentrates of two or more whey proteins | $162.4M | $1.9 | $71.5M | +92.2% | 1 | +0.0% |
| HS 340290 - Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), including auxiliary washing preparations, not for retail sale | $159.3M | $1.0K | $63.8M | -24.0% | 1 | +0.0% |
| HS 321410 - Mastics: painters' fillings | $157.3M | $3.3K | $62.1M | -9.0% | 1 | +0.0% |
| HS 280300 - Carbon: carbon blacks and other forms of carbon n.e.s. | $186.7M | $209.8 | $59.2M | -19.5% | 1 | +0.0% |
| HS 380110 - Graphite: artificial | $53.1M | $23.1K | $59.0M | +13.8% | 1 | +0.0% |
| HS 300220 - Vaccines: for human medicine | $85.0M | $9.3 | $55.4M | -56.9% | 1 | +0.0% |
| HS 285000 - Hydrides, nitrides, azides, silicides and borides, whether or not chemically defined, other than compounds which are also carbides of heading no. 2849 | $76.6M | $1.9K | $55.2M | +89.5% | 1 | +0.0% |
| HS 380210 - Carbon: activated | $65.2M | $5.2 | $48.2M | -59.3% | 1 | +0.0% |
| HS 280429 - Gases, rare: other than argon | $48.3M | $275.5 | $47.8M | +211.7% | 1 | +0.0% |
| HS 330290 - Odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries | $87.4M | $25.0K | $46.5M | +36.5% | 1 | +0.1% |
| HS 380610 - Rosin and resin acids | $59.4M | $25.8K | $44.9M | -1.9% | 1 | +0.0% |
| HS 283699 - Carbonates: n.e.s. in heading no. 2836 and other than lithium or strontium | $43.4M | $0.5 | $43.7M | -88.2% | 1 | +0.0% |
| HS 280512 - Alkali or alkali-earth metals: calcium | $24.4M | $2.4K | $43.5M | -5.1% | 1 | +0.0% |
| HS 330741 - Perfumes and deodorizers: perfuming or deodorizing preparations for rooms, agarbatti and other odoriferous preparations which operate by burning (including those used during religious rites) | $53.3M | $187.7 | $42.9M | +7.1% | 1 | +0.0% |

## Best markets

- India (IND): $5.7B calculated opportunity across 29 products.
- USA, Puerto Rico and US Virgin Islands (USA): $4.1B calculated opportunity across 7 products.
- Germany (DEU): $1.6B calculated opportunity across 6 products.
- China (CHN): $1.4B calculated opportunity across 4 products.
- Thailand (THA): $1.1B calculated opportunity across 4 products.
- Singapore (SGP): $1.1B calculated opportunity across 2 products.
- China, Hong Kong Special Administrative Region (HKG): $995.5M calculated opportunity across 3 products.
- Taiwan (TWN): $994.7M calculated opportunity across 3 products.
- Colombia (COL): $441.9M calculated opportunity across 1 products.
- Austria (AUT): $302.9M calculated opportunity across 1 products.
- Japan (JPN): $277.7M calculated opportunity across 2 products.
- Nepal (NPL): $260.8M calculated opportunity across 2 products.

## Growth stars

- HS 280429: +211.7% average CAGR, $47.8M calculated opportunity.
- HS 290230: +180.5% average CAGR, $245.0M calculated opportunity.
- HS 300490: +173.7% average CAGR, $2.5B calculated opportunity.
- HS 340700: +99.0% average CAGR, $219.8M calculated opportunity.
- HS 310210: +94.1% average CAGR, $1.0B calculated opportunity.
- HS 350220: +92.2% average CAGR, $71.5M calculated opportunity.
- HS 285000: +89.5% average CAGR, $55.2M calculated opportunity.
- HS 310420: +83.7% average CAGR, $473.2M calculated opportunity.
- HS 310520: +61.4% average CAGR, $805.3M calculated opportunity.
- HS 340130: +57.8% average CAGR, $479.5M calculated opportunity.

## Diversification opportunities

- HS 330300: 11 buyer markets, $5.9B calculated opportunity.
- HS 300490: 8 buyer markets, $2.5B calculated opportunity.
- HS 330749: 6 buyer markets, $974.4M calculated opportunity.
- HS 330499: 4 buyer markets, $1.4B calculated opportunity.
- HS 280469: 3 buyer markets, $743.3M calculated opportunity.
- HS 330790: 3 buyer markets, $305.9M calculated opportunity.
- HS 330129: 3 buyer markets, $203.3M calculated opportunity.
- HS 382499: 2 buyer markets, $1.7B calculated opportunity.
- HS 310420: 2 buyer markets, $473.2M calculated opportunity.
- HS 340120: 2 buyer markets, $214.1M calculated opportunity.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, standards, logistics, pricing, and competition before acting. [Read the Yugalinks 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.