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2023
Flag → Flag
Exports $7.25BRnk 16 / 220
2023
Flag → Flag
Top Product $1.65BRefined Petroleum
2023
Flag → Flag
Exports $811MRnk 1 / 111
2023
Flag → Flag
Top Product $79.2MCoated Flat-Rolled Iron
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

India-Nepal Trade: In 2023, India exported $7.25B to Nepal. The main products that India exported to Nepal were Refined Petroleum ($1.65B), Petroleum Gas ($384M), and Iron Reductions ($309M). Over the past 5 years the exports of India to Nepal have decreased at an annualized rate of 2.69%, from $8.31B in 2018 to $7.25B in 2023.

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

Nepal-India Trade: In 2023, Nepal exported $811M to India. The main products that Nepal exported to India were Coated Flat-Rolled Iron ($79.2M), Non-Retail Synthetic Staple Fibers Yarn ($70.4M), and Palm Oil ($70.3M). Over the past 5 years the exports of Nepal to India have increased at an annualized rate of 9.97%,  from $505M in 2018 to $811M in 2023.

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

Comparison In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). 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, India exported $553M and imported $86.7M from Nepal, resulting in a positive trade balance of $466M. Between November 2023 and November 2024 the exports of India have increased by $48.6M (9.64%) from $504M to $553M, while imports increased by $31.2M (56.3%) from $55.5M to $86.7M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Nepal was explained primarily by an increase in product exports in Rice -Basmoti ($4.73M or 266%), Oil Meals ($4.17M or 47%), and Zinc And Products Made Of Zinc ($1.97M or 93.4%). In November 2024, the increase in India's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Spices ($7.62M or 218%), Iron And Steel ($6.92M or 611%), and Plywood And Allied Products ($3.18M or 7.82k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$48.6M(9.64%)
IMPORT GROWTH (November 2023 - November 2024)$31.2M(56.3%)

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 2023, India exported $7.25B to Nepal. The main products exported from India to Nepal were Refined Petroleum ($1.65B), Petroleum Gas ($384M), and Iron Reductions ($309M). During the last 5 years the exports of India to Nepal have decreased at an annualized rate of 2.69%, from $8.31B in 2018 to $7.25B in 2023.

In 2018, Nepal exported $811M to India. The main products exported from Nepal to India were Coated Flat-Rolled Iron ($79.2M), Non-Retail Synthetic Staple Fibers Yarn ($70.4M), and Palm Oil ($70.3M). During the last 5 years the exports of Nepal to India have increased at an annualized rate of 9.97%, from $505M in 2023 to $811M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Nepal
Top DestinationIndia$811M

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 2023, countries that imported more from India than Nepal included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

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 2023, India had a large net trade with Nepal in the exports of Mineral Products ($2.36B), Metals ($1.16B), and Machines ($702M).

During 2018, Nepal had a large net trade with India in the exports of Textiles ($146M), Vegetable Products ($139M), and Metals ($123M).

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) (2023)

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