2023
Flag  
GDP
$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH
84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC 
$1,378CURRENT US$
Rnk 169 / 195
2013-2023
Flag
GDP PC GROWTH
71.5%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC
$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH
-8.13%CURRENT US$
Rnk 164 / 195

About

Nepal-Oman Trade: In 2023, Nepal exported $10.8k to Oman. The main products that Nepal exported to Oman were Tufted Carpets ($3.19k), Knotted Carpets ($2.77k), and Imitation Jewellery ($973). Over the past 5 years the exports of Nepal to Oman have decreased at an annualized rate of 20.9%, from $34.9k in 2018 to $10.8k in 2023.

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

Oman-Nepal Trade: In 2023, Oman exported $48.8k to Nepal. The main products that Oman exported to Nepal were Artificial Filament Sewing Thread ($48.3k) and Electric Batteries ($502). Over the past 5 years the exports of Oman to Nepal have decreased at an annualized rate of 72%,  from $28.2M in 2018 to $48.8k in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nepal exported $10.8k to Oman. The main products exported from Nepal to Oman were Tufted Carpets ($3.19k), Knotted Carpets ($2.77k), and Imitation Jewellery ($973). During the last 5 years the exports of Nepal to Oman have decreased at an annualized rate of 20.9%, from $34.9k in 2018 to $10.8k in 2023.

In 2018, Oman exported $48.8k to Nepal. The main products exported from Oman to Nepal were Artificial Filament Sewing Thread ($48.3k) and Electric Batteries ($502). During the last 5 years the exports of Oman to Nepal have decreased at an annualized rate of 72%, from $28.2M in 2023 to $48.8k in 2018.

Exports from Nepal (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Nepal (Flag) (2023)

Latest Data

Trade between Nepal (Flag) and Oman (Flag)

Oman Exports

Market Competitiveness

Color
Nepal
Top Destination
India$811M
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from Nepal than Oman included Israel ($455k), Iceland ($193k), and Brunei ($113k).

In 2023, countries that imported more from Oman than Nepal included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

Difference in imports from Oman (Flag) and Nepal (Flag) (2023)

Comparative Advantage Nepal - Oman

Flow
Scale

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

During 2023, Nepal had a large net trade with Oman in the exports of Textiles ($7.25k), Precious Metals ($973), and Vegetable Products ($811).

During 2018, Oman had a large net trade with Nepal in the exports of Textiles ($48.3k) and Machines ($502).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Oman+$17.6kScarves
Top Product Potential Oman Nepal+$401kPropylene Polymers

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

Product Space of Nepal (Flag) and Oman (Flag) (2023)

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