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2022
Exports $121kWorld Rnk 58 / 166
Flag Rnk 223 / 763
2022
Destination $35.2k China
2021 - 2022
FASTEST GROWING MARKET $35.2kChina
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $362kWorld Rnk 90 / 204
Flag Rnk 759 / 1176
2022
Origin $149k China
2021 - 2022
FASTEST GROWING ORIGIN $149kChina

About

Exports In 2022, Nepal exported $121k in Musical Instrument Parts, making it the 58th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 223rd most exported product in Nepal. The main destination of Musical Instrument Parts exports from Nepal are: China ($38.8k), Switzerland ($16.5k), South Korea ($12.3k), United States ($9.65k), and Chile ($7.75k).

The fastest growing export markets for Musical Instrument Parts of Nepal between 2021 and 2022 were China ($35.2k), South Korea ($8.91k), and Switzerland ($8.19k).

Imports In 2022, Nepal imported $362k in Musical Instrument Parts, becoming the 90th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 759th most imported product in Nepal. Nepal imports Musical Instrument Parts primarily from: China ($202k), United States ($85.1k), India ($24.3k), Singapore ($12k), and South Korea ($11.3k).

The fastest growing import markets in Musical Instrument Parts for Nepal between 2021 and 2022 were China ($149k), United States ($29.8k), and South Korea ($9.7k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Musical Instrument Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$121k
IMPORTS (2022)$362k
NET TRADE (2022)-$241k

In 2022, Nepal exported $121k in Musical Instrument Parts. The main destinations of Nepal exports on Musical Instrument Parts were China ($38.8k), Switzerland ($16.5k), South Korea ($12.3k), United States ($9.65k), and Chile ($7.75k).

In 2022, Nepal imported $362k in Musical Instrument Parts, mainly from China ($202k), United States ($85.1k), India ($24.3k), Singapore ($12k), and South Korea ($11.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
China$35.2k (994%)
South Korea$8.91k (260%)
Switzerland$8.19k (98.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Nepal WERE (2021 - 2022):
Chile-$6.9k (-47.1%)
Russia-$6.11k (-100%)
Australia-$4.16k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, Nepal's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $77.8k
TOP IMPORT POTENTIALChina+ $177k

Musical Instrument Parts’s highest export potential is China. With an export gap of $77.8k.   Musical Instrument Parts’s highest import potential is China with an import gap of $177k.

See methodology.

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