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2022
Flag → Flag
Exports $55.7kRnk 85 / 149
2022
Flag → Flag
Exports $115MRnk 124 / 129
2022
Flag → Flag
Top Product $453Other live plants, cuttings and slips; mushroom spawn
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Nepal-Armenia Trade: In 2022, Nepal exported $55.7k to Armenia. The main products that Nepal exported to Armenia were N/A. Over the past 5 years the exports of Nepal to Armenia have increased at an annualized rate of 21.1%, from $21.4k in 2017 to $55.7k in 2022.

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

Armenia-Nepal In N/A, Armenia did not export any products to Nepal.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $55.7k to Armenia. There were not main exports from Nepal to Armenia in 2022. During the last 5 years the exports of Nepal to Armenia have increased at an annualized rate of 21.1%, from $21.4k in 2017 to $55.7k in 2022.

Armenia does not register exports to Nepal. The main products exported from Armenia to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16).

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

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

Latest Data

Trade between Nepal (Flag) and Armenia (Flag)

Armenia Exports

Date

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Nepal than Armenia included India ($956M), United States ($152M), and Singapore ($25.5M).

In 2022, countries that imported more from Armenia than Nepal included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage Nepal - Armenia

Flow
Scale

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

During 2022, Nepal had a large net trade with Armenia in the exports of Instruments ($55.2k), Vegetable Products ($408), and Paper Goods ($178).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Armenia+$9.37kOrthopedic Appliances
Top Product Potential Armenia Nepal+$3.18kGold

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

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

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