NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $34.3MRnk 139 / 220
2023
Flag → Flag
Top Product $15.5MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $2.86MRnk 20 / 111
2023
Flag → Flag
Top Product $1.38MKnotted Carpets
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Belgium-Nepal Trade: In 2023, Belgium exported $34.3M to Nepal. The main products that Belgium exported to Nepal were Vaccines, blood, antisera, toxins and cultures ($15.5M), Scrap Iron ($11.7M), and Photographic Plates ($1.93M). Over the past 5 years the exports of Belgium to Nepal have increased at an annualized rate of 5.76%, from $25.9M in 2018 to $34.3M in 2023.

In 2023, Belgium did not export any services to Nepal.

Nepal-Belgium Trade: In 2023, Nepal exported $2.86M to Belgium. The main products that Nepal exported to Belgium were Knotted Carpets ($1.38M), Hand-Woven Rugs ($321k), and Other Knit Clothing Accessories ($264k). Over the past 5 years the exports of Nepal to Belgium have decreased at an annualized rate of 2.06%,  from $3.17M in 2018 to $2.86M in 2023.

In 2023, Nepal did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €268k and imported €252k from Nepal, resulting in a positive trade balance of €16.6k. Between October 2023 and October 2024 the exports of Belgium have decreased by €-4.18M (-94%) from €4.45M to €268k, while imports increased by €66.2k (35.7%) from €185k to €252k.

Trade In October 2024, the top exports of Belgium to Nepal were Iron & steel (€558k), Optical, photo, & film equipment; medical... (€74.9k), Machinery, mechanical appliances, & parts (€54.4k), Pharmaceutical products (€11.6k), and Plastics & articles thereof (€6.11k). In October 2024 the top imports of Belgium from Nepal were Carpets & textile floor covers (€134k), Knitted clothing accesories (€19.1k), Non-knitted clothing accesories (€17.5k), Used clothes & textile articles (€8.58k), and Furniture, bedding, lamps, & prefab buildings (€1.56k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Pharmaceutical products (€-26.4k or -69.6%), Electrical machinery and electronics (€-4.2k or -56%), and Glass & glassware (€-2.49k or -98.6%). In October 2024, the increase in Belgium's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Carpets & textile floor covers (€65.7k or 96.8%), Used clothes & textile articles (€8.5k or 11.6k%), and Non-knitted clothing accesories (€7.17k or 69.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-4.18M(-94%)
IMPORT GROWTH (October 2023 - October 2024)€66.2k(35.7%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Nepal and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $34.3M to Nepal. The main products exported from Belgium to Nepal were Vaccines, blood, antisera, toxins and cultures ($15.5M), Scrap Iron ($11.7M), and Photographic Plates ($1.93M). During the last 5 years the exports of Belgium to Nepal have increased at an annualized rate of 5.76%, from $25.9M in 2018 to $34.3M in 2023.

In 2018, Nepal exported $2.86M to Belgium. The main products exported from Nepal to Belgium were Knotted Carpets ($1.38M), Hand-Woven Rugs ($321k), and Other Knit Clothing Accessories ($264k). During the last 5 years the exports of Nepal to Belgium have decreased at an annualized rate of 2.06%, from $3.17M in 2023 to $2.86M in 2018.

Exports from Belgium (Flag) to Nepal (Flag) (2023)

Exports from Nepal (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Belgium than Nepal included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Nepal than from Belgium.

Difference in imports from Nepal (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Nepal

Flow
Scale

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

During 2023, Belgium had a large net trade with Nepal in the exports of Chemical Products ($18.9M), Metals ($11.8M), and Instruments ($1.88M).

During 2018, Nepal had a large net trade with Belgium in the exports of Textiles ($2.31M), Chemical Products ($225k), and Foodstuffs ($121k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Nepal+$2.56MVaccines, blood, antisera, toxins and cultures
Top Product Potential Nepal Belgium+$409kNon-Knit Women's Suits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Nepal (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms