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Exports In 2022, Nepal exported $1.21M in Wood Ornaments, making it the 56th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 93rd most exported product in Nepal. The main destination of Wood Ornaments exports from Nepal are: United States ($925k), China ($102k), Germany ($34.9k), Canada ($22.1k), and South Korea ($15k).

The fastest growing export markets for Wood Ornaments of Nepal between 2021 and 2022 were China ($49k), Germany ($20.3k), and Chinese Taipei ($11.2k).

Imports In 2022, Nepal imported $69.5k in Wood Ornaments, becoming the 164th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 943rd most imported product in Nepal. Nepal imports Wood Ornaments primarily from: India ($24.2k), China ($20.7k), United Arab Emirates ($10.2k), Hong Kong ($6.26k), and Switzerland ($4.68k).

The fastest growing import markets in Wood Ornaments for Nepal between 2021 and 2022 were United Arab Emirates ($10.1k), Hong Kong ($5.22k), and Maldives ($2.62k).

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 Wood Ornaments. 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)$1.21M
IMPORTS (2022)$69.5k
NET TRADE (2022)$1.14M

In 2022, Nepal exported $1.21M in Wood Ornaments. The main destinations of Nepal exports on Wood Ornaments were United States ($925k), China ($102k), Germany ($34.9k), Canada ($22.1k), and South Korea ($15k).

In 2022, Nepal imported $69.5k in Wood Ornaments, mainly from India ($24.2k), China ($20.7k), United Arab Emirates ($10.2k), Hong Kong ($6.26k), and Switzerland ($4.68k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
China$49k (92%)
Germany$20.3k (139%)
Chinese Taipei$11.2k (340%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Nepal WERE (2021 - 2022):
United States-$513k (-35.7%)
Australia-$5.12k (-43.8%)
New Zealand-$4.63k (-98.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Nepal's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $533k
TOP IMPORT POTENTIALChina+ $57k

Wood Ornaments’s highest export potential is United States. With an export gap of $533k.   Wood Ornaments’s highest import potential is China with an import gap of $57k.

See methodology.

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