Overview In 2020 Nepal was the number 159 economy in the world in terms of total exports and the number 109 in total imports.

Exports The top exports of Nepal are Soybean Oil ($198M), Knotted Carpets ($55.2M), Non-Retail Synthetic Staple Fibers Yarn ($53.5M), Nutmeg, mace and cardamons ($48.4M), and Palm Oil ($44.9M), exporting mostly to India ($611M), United States ($90M), Germany ($26M), United Kingdom ($17.1M), and China ($15.3M).

Imports The top imports of Nepal are Refined Petroleum ($818M), Semi-Finished Iron ($388M), Broadcasting Equipment ($339M), Rice ($331M), and Petroleum Gas ($236M), importing mostly from India ($5.85B), China ($1.17B), United Arab Emirates ($194M), Hong Kong ($130M), and Singapore ($115M).

Location Nepal borders Indiaand China by land.

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The following section uses the most recent trade data from partners of Nepal.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Soybean Oil, $198M

Top Destination (2020): India, $611M

In 2020, Nepal exported a total of $874M, making it the number 159 exporter in the world. During the last five reported years the exports of Nepal have changed by $5.39M from $869M in 2015 to $874M in 2020.

The most recent exports are led by Soybean Oil ($198M), Knotted Carpets ($55.2M), Non-Retail Synthetic Staple Fibers Yarn ($53.5M), Nutmeg, mace and cardamons ($48.4M), and Palm Oil ($44.9M). The most common destination for the exports of Nepal are India ($611M), United States ($90M), Germany ($26M), United Kingdom ($17.1M), and China ($15.3M).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $818M

Top Origin (2020): India, $5.85B

In 2020 Nepal imported $8.2B, making it the number 109 trade destination in the world. During the last five reported years the imports of Nepal changed by $1.67B from $6.53B in 2015 to $8.2B in 2020.

The most recent imports of Nepal are led by Refined Petroleum ($818M), Semi-Finished Iron ($388M), Broadcasting Equipment ($339M), Rice ($331M), and Petroleum Gas ($236M). The most common import partners for Nepal are India ($5.85B), China ($1.17B), United Arab Emirates ($194M), Hong Kong ($130M), and Singapore ($115M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Nepal Exports Services (2019): $1.62B

Nepal Imports Services (2019): $1.71B

In 2019, Nepal exported $1.62B worth of services. The top services exported by Nepal in 2019 were Travel ($695M), Other business services ($504M), Computer and information services ($185M), Transportation ($111M), and Government services, n.i.e. ($109M).

The top services imported by Nepal in 2019 were Travel ($703M), Transportation ($617M), Other business services ($248M), Insurance services ($68.5M), and Computer and information services ($40.4M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Nepal are Vermouth and other flavoured grape wines - pack < 2l (4.17M%)and Vermouth and other flavoured grape wines - pack > 2l (3.08M%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Nepal are:
136: Most Favoured Nation duty rate treatement
366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)
367: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA) for The least developed nations in South Asia

Economic Complexity

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Most Specialized Products by RCA Index

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Nepal has a high level of specialization in Knotted Carpets (1.34k), Nutmeg, mace and cardamons (482), Soybean Oil (363), Other Vegetable Products (261), and Non-Retail Synthetic Staple Fibers Yarn (246). Specialization is measured using RCA, an index that takes the ratio between Nepal observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Nepal according to the product complexity index (PCI) are Self-propelled rail/tramway vehicles (not locomotives) (1.78), Plastic floor, wall or ceiling covering, roll or tiles (1.39), Carboxyimide-function and imine-function compounds (1.37), Parts and accessories for musical instruments (1.28), and Postcards, printed or illustrated, greeting cards (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Nepal according to the relatedness index, are Knit Men's Shirts (0.2), Knit Men's Suits (0.19), Knit Men's Undergarments (0.19), Knit T-shirts (0.19), and Knit Babies' Garments (0.18). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Nepal is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Nepal. These are products that tend to be co-exported with the products that Nepal exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.