Nepal (NPL) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Nepal-Portugal Trade: In 2023, Nepal exported $458k to Portugal. The main products that Nepal exported to Portugal were Knit Sweaters ($100k), Non-Knit Women's Suits ($55.4k), and Jute and Other Textile Fibers ($32.5k). Over the past 5 years the exports of Nepal to Portugal have decreased at an annualized rate of 3%, from $534k in 2018 to $458k in 2023.

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

Portugal-Nepal Trade: In 2023, Portugal exported $260k to Nepal. The main products that Portugal exported to Nepal were Uncoated Paper ($142k), Wine ($95.7k), and Beauty Products ($5.88k). Over the past 5 years the exports of Portugal to Nepal have decreased at an annualized rate of 21%, from $843k in 2018 to $260k in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $458k to Portugal. The main products exported from Nepal to Portugal were Knit Sweaters ($100k), Non-Knit Women's Suits ($55.4k), and Jute and Other Textile Fibers ($32.5k). During the last 5 years the exports of Nepal to Portugal have decreased at an annualized rate of 3%, from $534k in 2018 to $458k in 2023.

In 2018, Portugal exported $260k to Nepal. The main products exported from Portugal to Nepal were Uncoated Paper ($142k), Wine ($95.7k), and Beauty Products ($5.88k). During the last 5 years the exports of Portugal to Nepal have decreased at an annualized rate of 21%, from $843k in 2023 to $260k in 2018.

Exports from Nepal () to Portugal () (2023)

Exports from Portugal () to Nepal () (2023)

Latest Data

Trade between Nepal () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Nepal than Portugal included India ($811M) and Lesotho ($16.2k).

In 2023, countries that imported more from Portugal than Nepal included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Nepal - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Portugal in the exports of Textiles ($353k), Animal Hides ($28.6k), and Instruments ($22k).

During 2018, Portugal had a large net trade with Nepal in the exports of Paper Goods ($143k), Foodstuffs ($96.5k), and Machines ($6.86k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Portugal+$176kKnit Sweaters

Top Product Potential Portugal Nepal+$296kPackaged 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 Portugal. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Nepal.

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Portugal () (2023)

Exports from Portugal () to Nepal () (2023)

Latest Data

Trade between Nepal () and Portugal ()

Portugal Exports

Market Competitiveness

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

Comparative Advantage Nepal - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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