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Pricing

2022
Flag → Flag
Exports $1.08MRnk 37 / 149
2022
Flag → Flag
Top Product $506kPerfume Plants
2022
Flag → Flag
Exports $65MRnk 98 / 152
2022
Flag → Flag
Top Product $11.2MSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Nepal-Vietnam Trade: In 2022, Nepal exported $1.08M to Vietnam. The main products that Nepal exported to Vietnam were Perfume Plants ($506k), Non-Retail Synthetic Staple Fibers Yarn ($336k), and Tanned Equine and Bovine Hides ($156k). Over the past 5 years the exports of Nepal to Vietnam have decreased at an annualized rate of 27.2%, from $5.29M in 2017 to $1.08M in 2022.

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

Vietnam-Nepal Trade: In 2022, Vietnam exported $65M to Nepal. The main products that Vietnam exported to Nepal were Soybean Oil ($11.2M), Video Displays ($9.11M), and Household Washing Machines ($6.85M). Over the past 5 years the exports of Vietnam to Nepal have decreased at an annualized rate of 2.08%,  from $72.2M in 2017 to $65M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $1.08M to Vietnam. The main products exported from Nepal to Vietnam were Perfume Plants ($506k), Non-Retail Synthetic Staple Fibers Yarn ($336k), and Tanned Equine and Bovine Hides ($156k). During the last 5 years the exports of Nepal to Vietnam have decreased at an annualized rate of 27.2%, from $5.29M in 2017 to $1.08M in 2022.

In 2017, Vietnam exported $65M to Nepal. The main products exported from Vietnam to Nepal were Soybean Oil ($11.2M), Video Displays ($9.11M), and Household Washing Machines ($6.85M). During the last 5 years the exports of Vietnam to Nepal have decreased at an annualized rate of 2.08%, from $72.2M in 2022 to $65M in 2017.

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

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

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Nepal than Vietnam included Central African Republic ($8.88M), Bhutan ($3.99M), and Guinea ($194k).

In 2022, countries that imported more from Vietnam than Nepal included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Nepal - Vietnam

Flow
Scale

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

During 2022, Nepal had a large net trade with Vietnam in the exports of Vegetable Products ($509k), Textiles ($346k), and Animal Hides ($178k).

During 2017, Vietnam had a large net trade with Nepal in the exports of Machines ($23.2M), Animal and Vegetable Bi-Products ($11.3M), and Plastics and Rubbers ($8.35M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Vietnam+$690kNon-Retail Synthetic Staple Fibers Yarn
Top Product Potential Vietnam Nepal+$5.82MTelephones

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

Product Space of Nepal (Flag) and Vietnam (Flag) (2022)

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