Iceland (ISL) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Iceland-Nepal Trade: In 2022, Iceland exported $20.1k to Nepal. The main products that Iceland exported to Nepal were N/A. Over the past 5 years the exports of Iceland to Nepal have increased at an annualized rate of 77.8%, from $1.13k in 2017 to $20.1k in 2022.

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

Nepal-Iceland Trade: In 2022, Nepal exported $193k to Iceland. The main products that Nepal exported to Iceland were Refined Petroleum ($55.6k), Felt ($26k), and Knit T-shirts ($24.6k). Over the past 5 years the exports of Nepal to Iceland have increased at an annualized rate of 7.6%, from $134k in 2017 to $193k in 2022.

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

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B). That same year, Nepal ranked 156 in total exports ($1.21B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $20.1k to Nepal. There were not main exports from Iceland to Nepal in 2022. During the last 5 years the exports of Iceland to Nepal have increased at an annualized rate of 77.8%, from $1.13k in 2017 to $20.1k in 2022.

In 2018, Nepal exported $193k to Iceland. The main products exported from Nepal to Iceland were Refined Petroleum ($55.6k), Felt ($26k), and Knit T-shirts ($24.6k). During the last 5 years the exports of Nepal to Iceland have increased at an annualized rate of 7.6%, from $134k in 2023 to $193k in 2018.

Exports from Iceland () to Nepal () (2023)

Exports from Nepal () to Iceland () (2023)

Latest Data

Trade between Iceland () and Nepal ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Iceland than Nepal included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Nepal than Iceland included India ($811M), Pakistan ($2.01M), and Singapore ($5.71M).

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

Comparative Advantage Iceland - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Nepal in the exports of .

During 2018, Nepal had a large net trade with Iceland in the exports of Textiles ($91.2k), Mineral Products ($55.6k), and Stone And Glass ($19.5k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Nepal () (2023)

Exports from Nepal () to Iceland () (2023)

Latest Data

Trade between Iceland () and Nepal ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Nepal

Economic Complexity

Competitive Landscape

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

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