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2023
Flag → Flag
Exports $6.56MRnk 175 / 220
2023
Flag → Flag
Top Product $592kSpecial purpose motor vehicles
2023
Flag → Flag
Exports $3.12MRnk 19 / 111
2023
Flag → Flag
Top Product $387kScarves
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
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GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Spain-Nepal Trade: In 2023, Spain exported $6.56M to Nepal. The main products that Spain exported to Nepal were Special purpose motor vehicles ($592k), Other Agricultural Machinery ($481k), and Beauty Products ($407k). Over the past 5 years the exports of Spain to Nepal have decreased at an annualized rate of 6.83%, from $9.35M in 2018 to $6.56M in 2023.

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

Nepal-Spain Trade: In 2023, Nepal exported $3.12M to Spain. The main products that Nepal exported to Spain were Scarves ($387k), Trunks and Cases ($347k), and Other Knit Clothing Accessories ($297k). Over the past 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.24%,  from $3.5M in 2018 to $3.12M in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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, Spain exported €339k and imported €287k from Nepal, resulting in a positive trade balance of €52k. Between November 2023 and November 2024 the exports of Spain have increased by €7.1k (2.14%) from €332k to €339k, while imports increased by €16.2k (6%) from €271k to €287k.

Trade In November 2024, the top exports of Spain to Nepal were Special Pharmaceuticals (€82k), Animal Food (€53.2k), Antibiotics (€31.4k), Beauty Products (€24.1k), and Medical Instruments (€20k). In November 2024 the top imports of Spain from Nepal were Knit Sweaters (€43.8k), Scarves (€41.2k), Bells and Other Metal Ornaments (€26k), Trunks and Cases (€15.6k), and Imitation Jewellery (€14.6k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€168k), Madrid (€142k), Valencia (€14.7k), Burgos (€9.54k), and Girona (€4.69k), while imports destinations were mainly Barcelona (€125k), Baleares (€63.2k), Málaga (€49.8k), Madrid (€16.8k), and Granada (€13k).

Growth In November 2024, the increase in Spain's year-by-year exports to Nepal was explained primarily by an increase in product exports in Special Pharmaceuticals (€34.2k or 71.7%), Animal Food (€22.8k or 74.9%), and Laboratory Reagents (€2.52k or 1.26k%). In November 2024, the increase in Spain's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Knit Sweaters (€25.2k or 136%), Bells and Other Metal Ornaments (€24.2k or 1.32k%), and Imitation Jewellery (€14.2k or 4.13k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€7.1k(2.14%)
IMPORT GROWTH (November 2023 - November 2024)€16.2k(6%)
MAIN EXPORTER (November 2024)Barcelona€168k

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

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

For full datasets download visit Bulk Download page.

Explore Nepal and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $6.56M to Nepal. The main products exported from Spain to Nepal were Special purpose motor vehicles ($592k), Other Agricultural Machinery ($481k), and Beauty Products ($407k). During the last 5 years the exports of Spain to Nepal have decreased at an annualized rate of 6.83%, from $9.35M in 2018 to $6.56M in 2023.

In 2018, Nepal exported $3.12M to Spain. The main products exported from Nepal to Spain were Scarves ($387k), Trunks and Cases ($347k), and Other Knit Clothing Accessories ($297k). During the last 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.24%, from $3.5M in 2023 to $3.12M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Spain than Nepal included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Nepal

Flow
Scale

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

During 2023, Spain had a large net trade with Nepal in the exports of Machines ($1.56M), Chemical Products ($1.13M), and Instruments ($862k).

During 2018, Nepal had a large net trade with Spain in the exports of Textiles ($1.95M), Animal Hides ($347k), and Metals ($321k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Nepal+$849kBeauty Products
Top Product Potential Nepal Spain+$1.32MNon-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.

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Economic Complexity

Competitive Landscape

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

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

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