2022
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GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$40.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.1%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$1,337CURRENT US$
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2012-2022
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GDP PC GROWTH
68.3%CURRENT US$
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About

Italy-Nepal In 2022, Italy exported $29.4M to Nepal. The main products that Italy exported to Nepal are Soybean Oil ($6.72M), Eyewear ($1.84M), and Other Heating Machinery ($1.41M). During the last 27 years the exports of Italy to Nepal have increased at an annualized rate of 8.84%, from $2.99M in 1995 to $29.4M in 2022.

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

Nepal-Italy In 2022, Nepal exported $11.3M to Italy. The main products that Nepal exported to Italy were Knotted Carpets ($4.28M), Knit Sweaters ($1.86M), and Knit Women's Suits ($745k). During the last 27 years the exports of Nepal to Italy have increased at an annualized rate of 1.69%, from $7.19M in 1995 to $11.3M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $29.4M to Nepal. The main products exported from Italy to Nepal were Soybean Oil ($6.72M), Eyewear ($1.84M), and Other Heating Machinery ($1.41M). During the last 27 years the exports of Italy to Nepal have increased at an annualized rate of 8.84%, from $2.99M in 1995 to $29.4M in 2022.

In 2022, Nepal exported $11.3M to Italy. The main products exported from Nepal to Italy were Knotted Carpets ($4.28M), Knit Sweaters ($1.86M), and Knit Women's Suits ($745k). During the last 27 years the exports of Nepal to Italy have increased at an annualized rate of 1.69%, from $7.19M in 1995 to $11.3M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Nepal
Top Destination
India$956M

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

In 2021, countries that imported more from Italy than Nepal were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Nepal than Italy were Bhutan ($3.99M).

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

Comparative Advantage Italy - Nepal

Flow
Scale

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

During 2022, Italy had a large net trade with Nepal in the exports of Machines ($7.59M), Animal and Vegetable Bi-Products ($6.87M), and Instruments ($4.25M).

During 2022, Nepal had a large net trade with Italy in the exports of Textiles ($9.16M), Animal Hides ($551k), and Foodstuffs ($445k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Nepal. Similarly, the more yellow a dot/product is, the more Nepal has comparative advantage over Italy.

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

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