Nepal (NPL) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Nepal-Bangladesh Trade: In 2022, Nepal exported $4.12M to Bangladesh. The main products that Nepal exported to Bangladesh were Dried Legumes ($3.36M), Fake Hair ($220k), and Perfume Plants ($132k). Over the past 5 years the exports of Nepal to Bangladesh have decreased at an annualized rate of 15.9%, from $9.78M in 2017 to $4.12M in 2022.

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

Bangladesh-Nepal Trade: In 2022, Bangladesh exported $55.1M to Nepal. The main products that Bangladesh exported to Nepal were Soybean Meal ($22.9M), Jute and Other Textile Fibers ($5.82M), and Packaged Medicaments ($3.8M). Over the past 5 years the exports of Bangladesh to Nepal have increased at an annualized rate of 7.9%, from $37.6M in 2017 to $55.1M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $4.12M to Bangladesh. The main products exported from Nepal to Bangladesh were Dried Legumes ($3.36M), Fake Hair ($220k), and Perfume Plants ($132k). During the last 5 years the exports of Nepal to Bangladesh have decreased at an annualized rate of 15.9%, from $9.78M in 2017 to $4.12M in 2022.

In 2017, Bangladesh exported $55.1M to Nepal. The main products exported from Bangladesh to Nepal were Soybean Meal ($22.9M), Jute and Other Textile Fibers ($5.82M), and Packaged Medicaments ($3.8M). During the last 5 years the exports of Bangladesh to Nepal have increased at an annualized rate of 7.9%, from $37.6M in 2022 to $55.1M in 2017.

Exports from Nepal () to Bangladesh () (2022)

Exports from Bangladesh () to Nepal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Nepal than Bangladesh included Central African Republic ($8.88M), Bhutan ($3.99M), and Russia ($1.31M).

In 2022, countries that imported more from Bangladesh than Nepal included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Nepal - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Bangladesh in the exports of Vegetable Products ($3.52M), Foodstuffs ($277k), and Footwear and Headwear ($220k).

During 2017, Bangladesh had a large net trade with Nepal in the exports of Foodstuffs ($26.2M), Textiles ($10.6M), and Chemical Products ($6.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Bangladesh+$649kDried Legumes

Top Product Potential Bangladesh Nepal+$1.66MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Bangladesh () (2022)

Exports from Bangladesh () to Nepal () (2022)

Market Competitiveness

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

Comparative Advantage Nepal - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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