Nepal (NPL) and India (IND) Trade | The Observatory of Economic Complexity

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Nepal-India Trade: In 2022, Nepal exported $508M to India. The main products that Nepal exported to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). Over the past 5 years the exports of Nepal to India have increased at an annualized rate of 60.9%, from $47M in 2017 to $508M in 2022.

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

India-Nepal Trade: In 2022, India exported $5.93B to Nepal. The main products that India exported to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). Over the past 5 years the exports of India to Nepal have increased at an annualized rate of 106%, from $159M in 2017 to $5.93B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $508M to India. The main products exported from Nepal to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). During the last 5 years the exports of Nepal to India have increased at an annualized rate of 60.9%, from $47M in 2017 to $508M in 2022.

In 2017, India exported $5.93B to Nepal. The main products exported from India to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). During the last 22 years the exports of India to Nepal have increased at an annualized rate of 106%, from $159M in 1995 to $5.93B in 2017.

Exports from Nepal () to India () (2022)

Exports from India () to Nepal () (2022)

Latest Data

Trade between Nepal () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Nepal included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Nepal - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($387M), Textiles ($171M), and Vegetable Products ($120M).

During 2017, India had a large net trade with Nepal in the exports of Mineral Products ($3.1B), Metals ($1.35B), and Vegetable Products ($812M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal India+$105MPalm Oil

Top Product Potential India Nepal+$431MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to India () (2022)

Exports from India () to Nepal () (2022)

Latest Data

Trade between Nepal () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Nepal - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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