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2022
Flag → Flag
Exports $3.3MRnk 19 / 149
2022
Flag → Flag
Top Product $2.06MKnotted Carpets
2022
Flag → Flag
Exports $20MRnk 132 / 222
2022
Flag → Flag
Top Product $33.7MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Nepal-Belgium Trade: In 2022, Nepal exported $3.3M to Belgium. The main products that Nepal exported to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). Over the past 5 years the exports of Nepal to Belgium have decreased at an annualized rate of 11.7%, from $6.16M in 2017 to $3.3M in 2022.

In 2022, Nepal did not export any services to Belgium.

Belgium-Nepal Trade: In 2022, Belgium exported $20M to Nepal. The main products that Belgium exported to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). Over the past 5 years the exports of Belgium to Nepal have increased at an annualized rate of 15.8%,  from $9.62M in 2017 to $20M in 2022.

In 2022, Belgium did not export any services to Nepal.

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $3.3M to Belgium. The main products exported from Nepal to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). During the last 5 years the exports of Nepal to Belgium have decreased at an annualized rate of 11.7%, from $6.16M in 2017 to $3.3M in 2022.

In 2017, Belgium exported $20M to Nepal. The main products exported from Belgium to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). During the last 18 years the exports of Belgium to Nepal have increased at an annualized rate of 15.8%, from $9.62M in 1999 to $20M in 2017.

Exports from Nepal (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Nepal (Flag) (2022)

Latest Data

Trade between Nepal (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Nepal or Belgium. Each country is colored based on the difference in imports they receive from Nepal and Belgium or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Nepal than from Belgium.

In 2022, countries that imported more from Belgium than Nepal included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Nepal (Flag) (2022)

Comparative Advantage Nepal - Belgium

Flow
Scale

This chart compares trade between Nepal and Belgium by product, considering products traded by both, Nepal and Belgium.

During 2022, Nepal had a large net trade with Belgium in the exports of Textiles ($3.08M), Chemical Products ($765k), and Stone And Glass ($202k).

During 2017, Belgium had a large net trade with Nepal in the exports of Chemical Products ($37.7M), Machines ($2.23M), and Instruments ($1.97M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nepal and Belgium. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Nepal.

Product Space of Nepal (Flag) and Belgium (Flag) (2022)

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