Nepal (NPL) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Nepal-Belgium Trade: In 2022, Nepal exported $4.64M to Belgium. The main products that Nepal exported to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). Over the past 5 years the exports of Nepal to Belgium have increased at an annualized rate of 7.06%, from $3.3M in 2017 to $4.64M in 2022.

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

Belgium-Nepal Trade: In 2022, Belgium exported $44.9M to Nepal. The main products that Belgium exported to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). Over the past 5 years the exports of Belgium to Nepal have increased at an annualized rate of 10.6%, from $20M in 2017 to $44.9M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $4.64M to Belgium. The main products exported from Nepal to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). During the last 5 years the exports of Nepal to Belgium have increased at an annualized rate of 7.06%, from $3.3M in 2017 to $4.64M in 2022.

In 2017, Belgium exported $44.9M to Nepal. The main products exported from Belgium to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). During the last 5 years the exports of Belgium to Nepal have increased at an annualized rate of 10.6%, from $20M in 2022 to $44.9M in 2017.

Exports from Nepal () to Belgium () (2022)

Exports from Belgium () to Nepal () (2022)

Latest Data

Trade between Nepal () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Nepal included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Nepal () (2022)

Comparative Advantage Nepal - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Belgium in the exports of Textiles ($3.08M), Chemical Products ($765k), and Stone And Glass ($202k).

During 2017, Belgium had a large net trade with Nepal in the exports of Chemical Products ($37.7M), Machines ($2.23M), and Instruments ($1.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Belgium+$409kNon-Knit Women's Suits

Top Product Potential Belgium Nepal+$2.56MVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Belgium () (2022)

Exports from Belgium () to Nepal () (2022)

Latest Data

Trade between Nepal () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Nepal () (2022)

Comparative Advantage Nepal - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Belgium () (2022)

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