2022
Exports
$61.7kWorld Rnk 182 / 214
Flag Rnk 279 / 763
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$2.24BWorld Rnk 81 / 225
Flag Rnk 1 / 1176

About

Exports In 2022, Nepal exported $61.7k in Refined Petroleum, making it the 182nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 279th most exported product in Nepal. The main destination of Refined Petroleum exports from Nepal are: Iceland ($37.2k), India ($23k), Canada ($1.29k), and Slovakia ($184).

The fastest growing export markets for Refined Petroleum of Nepal between 2021 and 2022 were India ($23k), Canada ($1.23k), and Slovakia ($184).

Imports In 2022, Nepal imported $2.24B in Refined Petroleum, becoming the 81st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Nepal. Nepal imports Refined Petroleum primarily from: India ($2.22B), Singapore ($8.3M), United Arab Emirates ($6.85M), Kuwait ($1.52M), and Malaysia ($1.19M).

The fastest growing import markets in Refined Petroleum for Nepal between 2021 and 2022 were India ($692M), Singapore ($1.41M), and United States ($277k).

Latest Trends

Jul 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 Refined Petroleum. 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)$61.7k
IMPORTS (2022)$2.24B
NET TRADE (2022)-$2.24B

In 2022, Nepal exported $61.7k in Refined Petroleum. The main destinations of Nepal exports on Refined Petroleum were Iceland ($37.2k), India ($23k), Canada ($1.29k), and Slovakia ($184).

In 2022, Nepal imported $2.24B in Refined Petroleum, mainly from India ($2.22B), Singapore ($8.3M), United Arab Emirates ($6.85M), Kuwait ($1.52M), and Malaysia ($1.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
India$23k (1%)
Canada$1.23k (1.86k%)
Slovakia$184 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Nepal WERE (2021 - 2022):
Iceland-$974k (-96.3%)
Palestine-$56 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Refined Petroleum were:
In 2022, Nepal's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $107k
TOP IMPORT POTENTIALIndia+ $431M

Refined Petroleum’s highest export potential is India. With an export gap of $107k.   Refined Petroleum’s highest import potential is India with an import gap of $431M.

See methodology.

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