Nepal (NPL) and Peru (PER) Trade | The Observatory of Economic Complexity

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Nepal-Peru Trade: In 2023, Nepal exported $41.6k to Peru. The main products that Nepal exported to Peru were Knit Sweaters ($32.8k), Percussion ($7.51k), and Non-Knit Men's Suits ($921). Over the past 5 years the exports of Nepal to Peru have decreased at an annualized rate of 11.3%, from $75.7k in 2018 to $41.6k in 2023.

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

Peru-Nepal Trade: In 2023, Peru exported $341k to Nepal. The main products that Peru exported to Nepal were Prepared Wool or Animal Hair ($192k), Non-Retail Animal Hair Yarn ($102k), and Retail Cotton Yarn ($31.5k). Over the past 5 years the exports of Peru to Nepal have decreased at an annualized rate of 2.49%, from $386k in 2018 to $341k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $41.6k to Peru. The main products exported from Nepal to Peru were Knit Sweaters ($32.8k), Percussion ($7.51k), and Non-Knit Men's Suits ($921). During the last 5 years the exports of Nepal to Peru have decreased at an annualized rate of 11.3%, from $75.7k in 2018 to $41.6k in 2023.

In 2018, Peru exported $341k to Nepal. The main products exported from Peru to Nepal were Prepared Wool or Animal Hair ($192k), Non-Retail Animal Hair Yarn ($102k), and Retail Cotton Yarn ($31.5k). During the last 5 years the exports of Peru to Nepal have decreased at an annualized rate of 2.49%, from $386k in 2023 to $341k in 2018.

Exports from Nepal () to Peru () (2023)

Exports from Peru () to Nepal () (2023)

Latest Data

Trade between Nepal () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Nepal than Peru included Fiji ($26.6k), Seychelles ($17.8k), and Lesotho ($16.2k).

In 2023, countries that imported more from Peru than Nepal included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Nepal - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Peru in the exports of Textiles ($33.7k), Instruments ($7.57k), and Miscellaneous ($314).

During 2018, Peru had a large net trade with Nepal in the exports of Textiles ($331k) and Chemical Products ($9.33k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Peru+$59.5kKnit Sweaters

Top Product Potential Peru Nepal+$37.4kSauces and Seasonings

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Peru () (2023)

Exports from Peru () to Nepal () (2023)

Latest Data

Trade between Nepal () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Nepal - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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