Nepal (NPL) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Nepal-Italy Trade: In 2023, Nepal exported $9.99M to Italy. The main products that Nepal exported to Italy were Knotted Carpets ($3.93M), Knit Sweaters ($1.77M), and Scarves ($715k). Over the past 5 years the exports of Nepal to Italy have decreased at an annualized rate of 4.6%, from $12.6M in 2018 to $9.99M in 2023.

In 2023, Nepal did not export any services to Italy.

Italy-Nepal Trade: In 2023, Italy exported $19.7M to Nepal. The main products that Italy exported to Nepal were Eyewear ($2.96M), Other Heating Machinery ($1.38M), and Washing and Bottling Machines ($1.13M). Over the past 5 years the exports of Italy to Nepal have decreased at an annualized rate of 17.6%, from $51.9M in 2018 to $19.7M in 2023.

In 2023, Italy did not export any services to Nepal.

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $9.99M to Italy. The main products exported from Nepal to Italy were Knotted Carpets ($3.93M), Knit Sweaters ($1.77M), and Scarves ($715k). During the last 5 years the exports of Nepal to Italy have decreased at an annualized rate of 4.6%, from $12.6M in 2018 to $9.99M in 2023.

In 2018, Italy exported $19.7M to Nepal. The main products exported from Italy to Nepal were Eyewear ($2.96M), Other Heating Machinery ($1.38M), and Washing and Bottling Machines ($1.13M). During the last 5 years the exports of Italy to Nepal have decreased at an annualized rate of 17.6%, from $51.9M in 2023 to $19.7M in 2018.

Exports from Nepal () to Italy () (2023)

Exports from Italy () to Nepal () (2023)

Latest Data

Trade between Nepal () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from Nepal than from Italy.

In 2023, countries that imported more from Italy than Nepal included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy () and Nepal () (2023)

Comparative Advantage Nepal - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Italy in the exports of Textiles ($8.02M), Foodstuffs ($643k), and Vegetable Products ($491k).

During 2018, Italy had a large net trade with Nepal in the exports of Machines ($6.05M), Instruments ($5.38M), and Textiles ($1.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Italy+$2.29MKnit Sweaters

Top Product Potential Italy Nepal+$3.26MPackaged 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 Italy. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Nepal.

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Italy () (2023)

Exports from Italy () to Nepal () (2023)

Latest Data

Trade between Nepal () and Italy ()

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Nepal () (2023)

Comparative Advantage Nepal - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Italy () (2023)

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