2023
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GDP
$2.02TCURRENT US$
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2013-2023
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GDP GROWTH
-11.8%CURRENT US$
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2023
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 GDP
$40.9BCURRENT US$
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2013-2023
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GDP GROWTH
84.6%CURRENT US$
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2023
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GDP PC 
$13,817CURRENT US$
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2013-2023
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GDP PC GROWTH
-13.3%CURRENT US$
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2023
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GDP PC
$1,378CURRENT US$
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2013-2023
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GDP PC GROWTH
71.5%CURRENT US$
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About

Russia-Nepal Trade: In 2022, Russia exported $15.7M to Nepal. The main products that Russia exported to Nepal were N/A. Over the past 5 years the exports of Russia to Nepal have increased at an annualized rate of 0.39%, from $15.4M in 2017 to $15.7M in 2022.

In 2020, Russia exported services to Nepal worth $303k, with Transportation ($185k), Communications services ($51k), and Other business services ($28k) being the largest in terms of value.

Nepal-Russia Trade: In 2022, Nepal exported $1.31M to Russia. The main products that Nepal exported to Russia were N/A. Over the past 5 years the exports of Nepal to Russia have decreased at an annualized rate of 8.14%,  from $2M in 2017 to $1.31M in 2022.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $15.7M to Nepal. There were not main exports from Russia to Nepal in 2022. During the last 5 years the exports of Russia to Nepal have increased at an annualized rate of 0.39%, from $15.4M in 2017 to $15.7M in 2022.

In 2017, Nepal exported $1.31M to Russia. There were not main exports from Nepal to Russia in 2017. During the last 5 years the exports of Nepal to Russia have decreased at an annualized rate of 8.14%, from $2M in 2022 to $1.31M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Nepal
Top Destination
India$811M

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

In 2023, countries that imported more from Russia than Nepal included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Nepal than Russia included Australia ($12.5M), Fiji ($26.6k), and Lesotho ($16.2k).

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

Comparative Advantage Russia - Nepal

Flow
Scale

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

During 2022, Russia had a large net trade with Nepal in the exports of .

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Nepal+$2.77MSeed Oils
Top Product Potential Nepal Russia+$873kTea

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

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

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