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Pricing

2023
Flag → Flag
Exports $11.4MRnk 152 / 215
2023
Flag → Flag
Top Product $4.89MGas Turbines
2023
Flag → Flag
Exports $11.1MRnk 11 / 111
2023
Flag → Flag
Top Product $2.71MKnotted Carpets
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Canada-Nepal Trade: In 2023, Canada exported $11.4M to Nepal. The main products that Canada exported to Nepal were Gas Turbines ($4.89M), Soybeans ($2.26M), and Scrap Iron ($1.14M). Over the past 5 years the exports of Canada to Nepal have decreased at an annualized rate of 36.1%, from $107M in 2018 to $11.4M in 2023.

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

Nepal-Canada Trade: In 2023, Nepal exported $11.1M to Canada. The main products that Nepal exported to Canada were Knotted Carpets ($2.71M), Animal Food ($2.02M), and Other Cloth Articles ($656k). Over the past 5 years the exports of Nepal to Canada have increased at an annualized rate of 0.68%,  from $10.8M in 2018 to $11.1M in 2023.

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

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$7.22M and imported C$1.17M from Nepal, resulting in a positive trade balance of C$6.05M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-11.2M (-60.9%) from C$18.5M to C$7.22M, while imports increased by C$173k (17.4%) from C$996k to C$1.17M.

Trade In November 2024, the top exports of Canada to Nepal were Soybeans (C$762k), Dried Legumes (C$278k), Aircraft parts for spacecraft, UAVs, and... (C$18.9k), Computers (C$18k), and Interchangeable Tool Parts (C$15.7k). In November 2024 the top imports of Canada from Nepal were Knotted Carpets (C$509k), Animal Food (C$270k), Other Cloth Articles (C$57.5k), Hand-Woven Rugs (C$45.2k), and Tufted Carpets (C$42.4k).

Origins In November 2024 the exports of Canada were mainly from Saskatchewan (C$4.7M), Alberta (C$1.33M), Manitoba (C$750k), Quebec (C$222k), and Ontario (C$115k), while imports destinations were mainly Ontario (C$581k), Quebec (C$315k), British Columbia (C$217k), Alberta (C$36.8k), and Manitoba (C$13.7k).

Growth In November 2024, the decrease in Canada's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Soybeans (C$-2.61M or -77.4%) and Aircraft parts for spacecraft, UAVs, and... (C$-4.54k or -19.3%). In November 2024, the increase in Canada's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Knotted Carpets (C$410k or 414%), Hand-Woven Rugs (C$45.2k or 1.13M%), and Other toys (C$37k or 14.3k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-11.2M(-60.9%)
IMPORT GROWTH (November 2023 - November 2024)C$173k(17.4%)
MAIN EXPORTER (November 2024)SaskatchewanC$4.7M

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

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

For full datasets download visit Bulk Download page.

Explore Nepal and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $11.4M to Nepal. The main products exported from Canada to Nepal were Gas Turbines ($4.89M), Soybeans ($2.26M), and Scrap Iron ($1.14M). During the last 5 years the exports of Canada to Nepal have decreased at an annualized rate of 36.1%, from $107M in 2018 to $11.4M in 2023.

In 2018, Nepal exported $11.1M to Canada. The main products exported from Nepal to Canada were Knotted Carpets ($2.71M), Animal Food ($2.02M), and Other Cloth Articles ($656k). During the last 5 years the exports of Nepal to Canada have increased at an annualized rate of 0.68%, from $10.8M in 2023 to $11.1M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Canada than Nepal included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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

Comparative Advantage Canada - Nepal

Flow
Scale

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

During 2023, Canada had a large net trade with Nepal in the exports of Machines ($5.16M), Vegetable Products ($3.57M), and Metals ($1.18M).

During 2018, Nepal had a large net trade with Canada in the exports of Textiles ($6.08M), Foodstuffs ($2.24M), and Miscellaneous ($999k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Nepal+$2MDried Legumes
Top Product Potential Nepal Canada+$1.71MAnimal Food

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.

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Economic Complexity

Competitive Landscape

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

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

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