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Pricing

2022
Flag → Flag
Exports $28.3MRnk 4 / 149
2022
Flag → Flag
Top Product $25.8MNon-Retail Synthetic Staple Fibers Yarn
2022
Flag → Flag
Exports $41.8MRnk 146 / 219
2022
Flag → Flag
Top Product $21.2MGold
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Nepal-Turkey Trade: In 2022, Nepal exported $28.3M to Turkey. The main products that Nepal exported to Turkey were Non-Retail Synthetic Staple Fibers Yarn ($25.8M), Non-Retail Artificial Staple Fibers Sewing Thread ($1.73M), and Non-Retail Artificial Staple Fibers Yarn ($321k). Over the past 5 years the exports of Nepal to Turkey have decreased at an annualized rate of 10.9%, from $50.4M in 2017 to $28.3M in 2022.

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

Turkey-Nepal Trade: In 2022, Turkey exported $41.8M to Nepal. The main products that Turkey exported to Nepal were Gold ($21.2M), Other Oily Seeds ($4.84M), and Rapeseed ($1.91M). Over the past 5 years the exports of Turkey to Nepal have decreased at an annualized rate of 4.33%,  from $68M in 2017 to $41.8M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $28.3M to Turkey. The main products exported from Nepal to Turkey were Non-Retail Synthetic Staple Fibers Yarn ($25.8M), Non-Retail Artificial Staple Fibers Sewing Thread ($1.73M), and Non-Retail Artificial Staple Fibers Yarn ($321k). During the last 5 years the exports of Nepal to Turkey have decreased at an annualized rate of 10.9%, from $50.4M in 2017 to $28.3M in 2022.

In 2017, Turkey exported $41.8M to Nepal. The main products exported from Turkey to Nepal were Gold ($21.2M), Other Oily Seeds ($4.84M), and Rapeseed ($1.91M). During the last 5 years the exports of Turkey to Nepal have decreased at an annualized rate of 4.33%, from $68M in 2022 to $41.8M in 2017.

Exports from Nepal (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Nepal (Flag) (2022)

Latest Data

Trade between Nepal (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Turkey than Nepal included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey (Flag) and Nepal (Flag) (2022)

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 2022, Nepal had a large net trade with Turkey in the exports of Textiles ($28.1M), Machines ($111k), and Vegetable Products ($40.7k).

During 2017, Turkey had a large net trade with Nepal in the exports of Precious Metals ($21.2M), Vegetable Products ($8.26M), and Machines ($4.72M).

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) (2022)

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