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2022
Flag → Flag
Exports $8.66BRnk 16 / 217
2022
Flag → Flag
Top Product $2.22BRefined Petroleum
2022
Flag → Flag
Exports $956MRnk 1 / 149
2022
Flag → Flag
Top Product $184MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

India-Nepal Trade: In 2022, India exported $8.66B to Nepal. The main products that India exported to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). Over the past 5 years the exports of India to Nepal have increased at an annualized rate of 7.85%, from $5.93B in 2017 to $8.66B in 2022.

In 2022, India did not export any services to Nepal.

Nepal-India Trade: In 2022, Nepal exported $956M to India. The main products that Nepal exported to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). Over the past 5 years the exports of Nepal to India have increased at an annualized rate of 11.1%,  from $508M in 2017 to $956M in 2022.

In 2022, Nepal did not export any services to India.

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, India exported $528M and imported $59.1M from Nepal, resulting in a positive trade balance of $469M. Between August 2023 and August 2024 the exports of India have decreased by $-46.7M (-8.12%) from $575M to $528M, while imports decreased by $-5.88M (-9.04%) from $65M to $59.1M.

Trade In August 2024, the top exports of India to Nepal were Petroleum Products ($185M), Iron And Steel ($75M), Rice(Other Than Basmoti) ($33.9M), Indl. Machnry For Dairy Etc ($14.4M), and Drug Formulations, Biologicals ($14M). In August 2024 the top imports of India from Nepal were Spices ($11.1M), Vegetable Oils ($9.08M), Iron And Steel ($8.05M), Manmade Yarn,Fabrics,Madeups ($6.7M), and Misc Processed Items ($4.87M).

Growth In August 2024, the decrease in India's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Petroleum Products ($-32.8M or -15.1%), Iron And Steel ($-26.1M or -25.8%), and Two And Three Wheelers ($-19.1M or -89.8%). In August 2024, the decrease in India's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Vegetable Oils ($-38.9M or -81.1%), Moulded And Extruded Goods ($-947k or -37.2%), and Paint, Varnish And Allid Prodc ($-664k or -38.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-46.7M(-8.12%)
IMPORT GROWTH (August 2023 - August 2024)$-5.88M(-9.04%)

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

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

For full datasets download visit Bulk Download page.

Explore Nepal and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $8.66B to Nepal. The main products exported from India to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). During the last 5 years the exports of India to Nepal have increased at an annualized rate of 7.85%, from $5.93B in 2017 to $8.66B in 2022.

In 2017, Nepal exported $956M to India. The main products exported from Nepal to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). During the last 5 years the exports of Nepal to India have increased at an annualized rate of 11.1%, from $508M in 2022 to $956M in 2017.

Exports from India (Flag) to Nepal (Flag) (2022)

Exports from Nepal (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from India than Nepal included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Nepal than from India.

Difference in imports from Nepal (Flag) and India (Flag) (2022)

Comparative Advantage India - Nepal

Flow
Scale

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

During 2022, India had a large net trade with Nepal in the exports of Mineral Products ($3.1B), Metals ($1.35B), and Vegetable Products ($812M).

During 2017, Nepal had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($387M), Textiles ($171M), and Vegetable Products ($120M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Nepal+$431MRefined Petroleum
Top Product Potential Nepal India+$105MPalm Oil

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 India and Nepal. This means that a dot/product with the flag of India indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over India.

Product Space of India (Flag) and Nepal (Flag) (2022)

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