Overview: In 2018 Nepal was the number 102 economy in the world in terms of GDP (current US$), the number 156 in total exports, and the number 102 in total imports. In 2018, Nepal exported $723M and imported $10.1B, resulting in a negative trade balance of -$9.39B. In 2018, Nepal's exports per capita were $25.7 and its imports per capita were $360.
In 2018 Nepal exported a total of $723M, making it the number 156 exporter in the world. During the last five reported years the exports of Nepal have changed by -$192M from $915M in 2013 to $723M in 2018.
In 2018 Nepal imported $10.1B, making it the number 102 trade destination in the world. During the last five reported years the imports of Nepal changed by $3.49B from $6.63B in 2013 to $10.1B in 2018.
In 2018, Nepal exported $1.75B worth of services. The top services exported by Nepal in 2018 were Travel ($640M), Other business services ($451M), Government services, n.i.e. ($272M), Computer and information services ($236M), and Transportation ($108M).
The top services imported by Nepal in 2018 were Travel ($836M), Transportation ($625M), Other business services ($229M), Insurance services ($65.1M), and Government services, n.i.e. ($29.9M).
This section shows forecasts for total product exports and imports for Nepal. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Nepal are:136: Most Favoured Nation duty rate treatement366: 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
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Nepal
