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Overview In 2021 Nepal was the number 150 economy in the world in terms of total exports and the number 90 in total imports.

Exports The top exports of Nepal are Soybean Oil ($591M), Palm Oil ($252M), Non-Retail Synthetic Staple Fibers Yarn ($72.5M), Knotted Carpets ($71.9M), and Nutmeg, mace and cardamons ($47.5M), exporting mostly to India ($1.34B), United States ($144M), Germany ($36.5M), United Kingdom ($27.1M), and Turkey ($20.2M).

Imports The top imports of Nepal are Refined Petroleum ($1.5B), Semi-Finished Iron ($591M), Soybean Oil ($517M), Rice ($430M), and Gold ($417M), importing mostly from India ($9.4B), China ($2.32B), United Arab Emirates ($505M), Argentina ($389M), and Indonesia ($302M).

Location Nepal borders India and China by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

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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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

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

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Soybean Oil$591M
Top Destination (2021)India$1.34B

In 2021, Nepal exported a total of $1.74B, making it the number 150 exporter in the world. During the last five reported years the exports of Nepal have changed by $795M from $943M in 2016 to $1.74B in 2021.

The most recent exports are led by Soybean Oil ($591M), Palm Oil ($252M), Non-Retail Synthetic Staple Fibers Yarn ($72.5M), Knotted Carpets ($71.9M), and Nutmeg, mace and cardamons ($47.5M). The most common destination for the exports of Nepal are India ($1.34B), United States ($144M), Germany ($36.5M), United Kingdom ($27.1M), and Turkey ($20.2M).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
India$690M (+ 106%)
United States$36.6M (+ 34.1%)
Germany$7.6M (+ 26.3%)
Fastest Growing Import Markets (2020 - 2021)
India$3.3B (+ 54.1%)
China$960M (+ 70.6%)
United Arab Emirates$270M (+ 115%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Research)-0.14Rank 72 of 140

Most Specialized Products by RCA Index

Nepal has a high level of specialization in Knotted Carpets (937), Soybean Oil (417), Nutmeg, mace and cardamons (371), Felt (230), and Non-Retail Synthetic Staple Fibers Yarn (148). 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

Export Opportunities by Relatedness

The top export opportunities for Nepal according to the relatedness index, were Knit Men's Shirts (0.18), Knit T-shirts (0.17), Knit Men's Suits (0.17), House Linens (0.17), and Knit Men's Undergarments (0.17). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Nepal is not specialized in.

Product Space

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

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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Depth

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.

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