Nepal (NPL) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Nepal-Sweden Trade: In 2022, Nepal exported $2.34M to Sweden. The main products that Nepal exported to Sweden were Felt ($713k), Knotted Carpets ($168k), and Knit Sweaters ($165k). Over the past 5 years the exports of Nepal to Sweden have increased at an annualized rate of 7.31%, from $1.64M in 2017 to $2.34M in 2022.

In 2022, Nepal did not export any services to Sweden.

Sweden-Nepal Trade: In 2022, Sweden exported $8.84M to Nepal. The main products that Sweden exported to Nepal were Scrap Iron ($3M), X-Ray Equipment ($2.26M), and Cameras ($599k). Over the past 5 years the exports of Sweden to Nepal have increased at an annualized rate of 2.63%, from $7.77M in 2017 to $8.84M in 2022.

In 2022, Sweden did not export any services to Nepal.

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $2.34M to Sweden. The main products exported from Nepal to Sweden were Felt ($713k), Knotted Carpets ($168k), and Knit Sweaters ($165k). During the last 5 years the exports of Nepal to Sweden have increased at an annualized rate of 7.31%, from $1.64M in 2017 to $2.34M in 2022.

In 2017, Sweden exported $8.84M to Nepal. The main products exported from Sweden to Nepal were Scrap Iron ($3M), X-Ray Equipment ($2.26M), and Cameras ($599k). During the last 5 years the exports of Sweden to Nepal have increased at an annualized rate of 2.63%, from $7.77M in 2022 to $8.84M in 2017.

Exports from Nepal () to Sweden () (2022)

Exports from Sweden () to Nepal () (2022)

Latest Data

Trade between Nepal () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Nepal than Sweden included Central African Republic ($8.88M), Bhutan ($3.99M), and Micronesia ($195).

In 2022, countries that imported more from Sweden than Nepal included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

Difference in imports from Sweden () and Nepal () (2022)

Comparative Advantage Nepal - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Sweden in the exports of Textiles ($1.89M), Paper Goods ($95.7k), and Miscellaneous ($80.6k).

During 2017, Sweden had a large net trade with Nepal in the exports of Metals ($3.12M), Instruments ($3.11M), and Machines ($1.57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Sweden+$371kKnit Sweaters

Top Product Potential Sweden Nepal+$362kExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Sweden () (2022)

Exports from Sweden () to Nepal () (2022)

Latest Data

Trade between Nepal () and Sweden ()

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Nepal () (2022)

Comparative Advantage Nepal - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Sweden () (2022)

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