Nepal (NPL) and Singapore (SGP) Trade | The Observatory of Economic Complexity

About

Nepal-Singapore Trade: In 2023, Nepal exported $5.71M to Singapore. The main products that Nepal exported to Singapore were Perfume Plants ($2.54M), Sculptures ($1.1M), and Packaged Medicaments ($297k). Over the past 5 years the exports of Nepal to Singapore have increased at an annualized rate of 7.81%, from $3.92M in 2018 to $5.71M in 2023.

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

Singapore-Nepal Trade: In 2023, Singapore exported $181M to Nepal. The main products that Singapore exported to Nepal were Broadcasting Equipment ($32M), Gas Turbines ($25.2M), and Other Edible Preparations ($24.8M). Over the past 5 years the exports of Singapore to Nepal have increased at an annualized rate of 18.8%, from $76.6M in 2018 to $181M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $5.71M to Singapore. The main products exported from Nepal to Singapore were Perfume Plants ($2.54M), Sculptures ($1.1M), and Packaged Medicaments ($297k). During the last 5 years the exports of Nepal to Singapore have increased at an annualized rate of 7.81%, from $3.92M in 2018 to $5.71M in 2023.

In 2018, Singapore exported $181M to Nepal. The main products exported from Singapore to Nepal were Broadcasting Equipment ($32M), Gas Turbines ($25.2M), and Other Edible Preparations ($24.8M). During the last 5 years the exports of Singapore to Nepal have increased at an annualized rate of 18.8%, from $76.6M in 2023 to $181M in 2018.

Exports from Nepal () to Singapore () (2023)

Exports from Singapore () to Nepal () (2023)

Latest Data

Trade between Nepal () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Nepal included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Nepal - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Singapore in the exports of Vegetable Products ($2.84M), Arts and Antiques ($1.13M), and Textiles ($650k).

During 2018, Singapore had a large net trade with Nepal in the exports of Machines ($95.6M), Foodstuffs ($38M), and Transportation ($17.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Singapore+$479kGas Turbines

Top Product Potential Singapore Nepal+$17.3MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nepal and Singapore. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Nepal.

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Singapore () (2023)

Exports from Singapore () to Nepal () (2023)

Latest Data

Trade between Nepal () and Singapore ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Nepal - Singapore

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring