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Pricing

2022
Flag → Flag
Exports $6.57kRnk 125 / 149
2022
Flag → Flag
Top Product $6.25kKnitting Machine Accessories
2022
Flag → Flag
Exports $8.4kRnk 160 / 170
2022
Flag → Flag
Top Product $4.18kElectric Heaters
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Nepal-Ecuador Trade: In 2022, Nepal exported $6.57k to Ecuador. The main products that Nepal exported to Ecuador were Knitting Machine Accessories ($6.25k), Centrifuges ($128), and Iron Fasteners ($103). Over the past 5 years the exports of Nepal to Ecuador have increased at an annualized rate of 36.7%, from $1.37k in 2017 to $6.57k in 2022.

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

Ecuador-Nepal Trade: In 2022, Ecuador exported $8.4k to Nepal. The main products that Ecuador exported to Nepal were Electric Heaters ($4.18k), Cut Flowers ($1.68k), and Low-voltage Protection Equipment ($1.26k). Over the past 5 years the exports of Ecuador to Nepal have decreased at an annualized rate of 9.1%,  from $91.2k in 2017 to $8.4k in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $6.57k to Ecuador. The main products exported from Nepal to Ecuador were Knitting Machine Accessories ($6.25k), Centrifuges ($128), and Iron Fasteners ($103). During the last 5 years the exports of Nepal to Ecuador have increased at an annualized rate of 36.7%, from $1.37k in 2017 to $6.57k in 2022.

In 2017, Ecuador exported $8.4k to Nepal. The main products exported from Ecuador to Nepal were Electric Heaters ($4.18k), Cut Flowers ($1.68k), and Low-voltage Protection Equipment ($1.26k). During the last 5 years the exports of Ecuador to Nepal have decreased at an annualized rate of 9.1%, from $91.2k in 2022 to $8.4k in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Ecuador (Flag)

Ecuador Exports

Date

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Nepal than Ecuador included India ($956M), Central African Republic ($8.88M), and Bhutan ($3.99M).

In 2022, countries that imported more from Ecuador than Nepal included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Nepal - Ecuador

Flow
Scale

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

During 2022, Nepal had a large net trade with Ecuador in the exports of Machines ($6.4k), Metals ($133), and Chemical Products ($21).

During 2017, Ecuador had a large net trade with Nepal in the exports of Machines ($5.8k), Vegetable Products ($1.68k), and Stone And Glass ($277).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Ecuador+$2.63kSoybean Oil
Top Product Potential Ecuador Nepal+$8.07kElectric Heaters

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

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

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