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2023
Flag → Flag
Exports $13.7MRnk 7 / 111
2023
Flag → Flag
Top Product $13.3MNon-Retail Synthetic Staple Fibers Yarn
2023
Flag → Flag
Exports $42.5MRnk 147 / 216
2023
Flag → Flag
Top Product $22.4MGold
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $1,378CURRENT US$
Rnk 169 / 195
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Nepal-Turkey Trade: In 2023, Nepal exported $13.7M to Turkey. The main products that Nepal exported to Turkey were Non-Retail Synthetic Staple Fibers Yarn ($13.3M), Scarves ($86.6k), and Knotted Carpets ($86.5k). Over the past 5 years the exports of Nepal to Turkey have decreased at an annualized rate of 19.7%, from $40.9M in 2018 to $13.7M in 2023.

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

Turkey-Nepal Trade: In 2023, Turkey exported $42.5M to Nepal. The main products that Turkey exported to Nepal were Gold ($22.4M), Other Edible Preparations ($5.51M), and Corn ($2.38M). Over the past 5 years the exports of Turkey to Nepal have decreased at an annualized rate of 13.1%,  from $85.7M in 2018 to $42.5M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nepal exported $13.7M to Turkey. The main products exported from Nepal to Turkey were Non-Retail Synthetic Staple Fibers Yarn ($13.3M), Scarves ($86.6k), and Knotted Carpets ($86.5k). During the last 5 years the exports of Nepal to Turkey have decreased at an annualized rate of 19.7%, from $40.9M in 2018 to $13.7M in 2023.

In 2018, Turkey exported $42.5M to Nepal. The main products exported from Turkey to Nepal were Gold ($22.4M), Other Edible Preparations ($5.51M), and Corn ($2.38M). During the last 5 years the exports of Turkey to Nepal have decreased at an annualized rate of 13.1%, from $85.7M in 2023 to $42.5M in 2018.

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

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

Latest Data

Trade between Nepal (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$811M
Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Nepal included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Nepal - Turkey

Flow
Scale

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

During 2023, Nepal had a large net trade with Turkey in the exports of Textiles ($13.6M), Machines ($15.9k), and Vegetable Products ($11.4k).

During 2018, Turkey had a large net trade with Nepal in the exports of Precious Metals ($22.4M), Foodstuffs ($8.11M), and Vegetable Products ($4.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Turkey+$358kNon-Retail Artificial Staple Fibers Yarn
Top Product Potential Turkey Nepal+$1.45MDried Legumes

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

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

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