Nepal (NPL) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Nepal-Vietnam Trade: In 2022, Nepal exported $1.08M to Vietnam. The main products that Nepal exported to Vietnam were N/A. Over the past 5 years the exports of Nepal to Vietnam have decreased at an annualized rate of 26.8%, from $5.15M in 2017 to $1.08M in 2022.

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

Vietnam-Nepal Trade: In 2022, Vietnam exported $67.9M to Nepal. The main products that Vietnam exported to Nepal were N/A. Over the past 5 years the exports of Vietnam to Nepal have decreased at an annualized rate of 5.98%, from $92.4M in 2017 to $67.9M in 2022.

In 2022, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $1.08M to Vietnam. There were not main exports from Nepal to Vietnam in 2022. During the last 5 years the exports of Nepal to Vietnam have decreased at an annualized rate of 26.8%, from $5.15M in 2017 to $1.08M in 2022.

In 2017, Vietnam exported $67.9M to Nepal. There were not main exports from Vietnam to Nepal in 2017. During the last 5 years the exports of Vietnam to Nepal have decreased at an annualized rate of 5.98%, from $92.4M in 2022 to $67.9M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationN/AN/A

Vietnam
Top DestinationN/AN/A

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.

N/A

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

Comparative Advantage Nepal - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

During 2017, Vietnam had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Nepal - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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