2022
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GDP
$2.24TCURRENT US$
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1.45%CURRENT US$
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 GDP
$40.8BCURRENT US$
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GDP GROWTH
88.1%CURRENT US$
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GDP PC 
$15,345CURRENT US$
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-0.49%CURRENT US$
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$1,337CURRENT US$
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GDP PC GROWTH
68.3%CURRENT US$
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About

Russia-Nepal In 2022, Russia exported $14.1M to Nepal. The main products that Russia exported to Nepal are Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). During the last 26 years the exports of Russia to Nepal have increased at an annualized rate of 13.7%, from $506k in 1996 to $14.1M 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 In 2022, Nepal exported $1.31M to Russia. The main products that Nepal exported to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). During the last 26 years the exports of Nepal to Russia have increased at an annualized rate of 2.76%, from $646k in 1996 to $1.31M in 2022.

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

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42),  and 12 in total exports ($486B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $14.1M to Nepal. The main products exported from Russia to Nepal were Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). During the last 26 years the exports of Russia to Nepal have increased at an annualized rate of 13.7%, from $506k in 1996 to $14.1M in 2022.

In 2022, Nepal exported $1.31M to Russia. The main products exported from Nepal to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). During the last 26 years the exports of Nepal to Russia have increased at an annualized rate of 2.76%, from $646k in 1996 to $1.31M in 2022.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Nepal
Top Destination
India$956M

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 2021, countries that imported more from Russia than Nepal were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Nepal than Russia were Central African Republic ($8.88M), Bangladesh ($4.12M), and Bhutan ($3.99M).

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

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 Chemical Products ($5.57M), Animal and Vegetable Bi-Products ($3.59M), and Vegetable Products ($3.45M).

During 2022, Nepal had a large net trade with Russia in the exports of Vegetable Products ($666k), Textiles ($587k), and Instruments ($30.1k).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Nepal (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Nepal. Similarly, the more yellow a dot/product is, the more Nepal has comparative advantage over Russia.

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

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