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2023
Flag → Flag
Exports $11.6MRnk 169 / 223
2023
Flag → Flag
Top Product $1.41MPackaged Medicaments
2023
Flag → Flag
Exports $26.4MRnk 5 / 111
2023
Flag → Flag
Top Product $8.08MKnotted Carpets
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Nepal Trade: In 2023, United Kingdom exported $11.6M to Nepal. The main products that United Kingdom exported to Nepal were Packaged Medicaments ($1.41M), Hard Liquor ($1.12M), and Scrap Iron ($724k). Over the past 5 years the exports of United Kingdom to Nepal have decreased at an annualized rate of 22%, from $40.1M in 2018 to $11.6M in 2023.

In 2023, United Kingdom did not export any services to Nepal.

Nepal-United Kingdom Trade: In 2023, Nepal exported $26.4M to United Kingdom. The main products that Nepal exported to United Kingdom were Knotted Carpets ($8.08M), Knit Sweaters ($3.01M), and Non-Knit Women's Suits ($2.12M). Over the past 5 years the exports of Nepal to United Kingdom have decreased at an annualized rate of 1.6%,  from $28.6M in 2018 to $26.4M in 2023.

In 2023, Nepal did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). 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, United Kingdom exported £866k and imported £1.32M from Nepal, resulting in a negative trade balance of £451k. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-153k (-15%) from £1.02M to £866k, while imports increased by £395k (42.8%) from £922k to £1.32M.

Trade In November 2024, the top exports of United Kingdom to Nepal were Laboratory Reagents (£87.1k), Other Edible Preparations (£73.4k), Raw Plastic Sheeting (£47.4k), Chemical Analysis Instruments (£46.2k), and Aircraft parts for spacecraft, UAVs, and... (£34.3k). In November 2024 the top imports of United Kingdom from Nepal were Knotted Carpets (£401k), Knit Sweaters (£100k), Non-Knit Women's Suits (£97.8k), Non-Knit Women's Shirts (£48.8k), and Knit T-shirts (£36.8k).

Origins In November 2024 the exports of United Kingdom were mainly from Belfast International Airport (£355k), Felixstowe (£238k), London Heathrow Airport (£144k), East Midlands Airport (£64.9k), and London Gateway (£31.1k), while imports destinations were mainly London Heathrow Airport (£530k), Dover (£213k), London Gatwick Airport (£132k), Felixstowe (£90.6k), and London Gateway (£71.4k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Rubber Tires (£-21.4k or -81.2%), Medical Instruments (£-833 or -7.21%), and Motor vehicles; parts and accessories (8701... (£-622 or -22.7%). In November 2024, the increase in United Kingdom's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Knotted Carpets (£141k or 54.3%), Non-Knit Women's Shirts (£16k or 48.7%), and Knit T-shirts (£15k or 68.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-153k(-15%)
IMPORT GROWTH (November 2023 - November 2024)£395k(42.8%)
MAIN EXPORTER (November 2024)Belfast International Airport£355k

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

To check Nepal and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $11.6M to Nepal. The main products exported from United Kingdom to Nepal were Packaged Medicaments ($1.41M), Hard Liquor ($1.12M), and Scrap Iron ($724k). During the last 5 years the exports of United Kingdom to Nepal have decreased at an annualized rate of 22%, from $40.1M in 2018 to $11.6M in 2023.

In 2018, Nepal exported $26.4M to United Kingdom. The main products exported from Nepal to United Kingdom were Knotted Carpets ($8.08M), Knit Sweaters ($3.01M), and Non-Knit Women's Suits ($2.12M). During the last 5 years the exports of Nepal to United Kingdom have decreased at an annualized rate of 1.6%, from $28.6M in 2023 to $26.4M in 2018.

Exports from United Kingdom (Flag) to Nepal (Flag) (2023)

Exports from Nepal (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from United Kingdom than Nepal included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Nepal (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Nepal

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Nepal in the exports of Machines ($2.64M), Chemical Products ($1.85M), and Foodstuffs ($1.79M).

During 2018, Nepal had a large net trade with United Kingdom in the exports of Textiles ($21.4M), Footwear and Headwear ($1.64M), and Foodstuffs ($951k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Nepal+$6.57MGold
Top Product Potential Nepal United Kingdom+$3.71MNon-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 United Kingdom and Nepal. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Nepal (Flag) (2023)

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