Switzerland (CHE) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Switzerland-Nepal Trade: In 2023, Switzerland exported $14M to Nepal. The main products that Switzerland exported to Nepal were Base Metal Watches ($5.41M), Planes, Helicopters, and/or Spacecraft ($1.62M), and Precious Metal Watches ($1.52M). Over the past 5 years the exports of Switzerland to Nepal have decreased at an annualized rate of 36.4%, from $135M in 2018 to $14M in 2023.

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

Nepal-Switzerland Trade: In 2023, Nepal exported $11.7M to Switzerland. The main products that Nepal exported to Switzerland were Knotted Carpets ($3.14M), Scarves ($1.73M), and Knit Sweaters ($901k). Over the past 5 years the exports of Nepal to Switzerland have increased at an annualized rate of 3.85%, from $9.73M in 2018 to $11.7M in 2023.

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

Comparison In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $14M to Nepal. The main products exported from Switzerland to Nepal were Base Metal Watches ($5.41M), Planes, Helicopters, and/or Spacecraft ($1.62M), and Precious Metal Watches ($1.52M). During the last 5 years the exports of Switzerland to Nepal have decreased at an annualized rate of 36.4%, from $135M in 2018 to $14M in 2023.

In 2018, Nepal exported $11.7M to Switzerland. The main products exported from Nepal to Switzerland were Knotted Carpets ($3.14M), Scarves ($1.73M), and Knit Sweaters ($901k). During the last 5 years the exports of Nepal to Switzerland have increased at an annualized rate of 3.85%, from $9.73M in 2023 to $11.7M in 2018.

Exports from Switzerland () to Nepal () (2023)

Exports from Nepal () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Nepal ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Switzerland than Nepal included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

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

Difference in imports from Nepal () and Switzerland () (2023)

Comparative Advantage Switzerland - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Nepal in the exports of Instruments ($8.9M), Transportation ($1.67M), and Chemical Products ($1.09M).

During 2018, Nepal had a large net trade with Switzerland in the exports of Textiles ($8.44M), Instruments ($811k), and Vegetable Products ($532k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Nepal+$15.9MGold

Top Product Potential Nepal Switzerland+$931kKnit Sweaters

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Nepal () (2023)

Exports from Nepal () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Nepal ()

Switzerland Exports

Market Competitiveness

Difference in imports from Nepal () and Switzerland () (2023)

Comparative Advantage Switzerland - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Nepal () (2023)

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