Overview: In 2019 Nepal was the number 99 economy in the world in terms of GDP (current US$), the number 159 in total exports, the number 101 in total imports,
the number 164 economy in terms of GDP per capita (current US$) and the number 100 most complex economy according to the Economic Complexity Index (ECI).
In 2019, Nepal exported a total of $931M, making it the number 159 exporter in the world. During the last five reported years the exports of Nepal have changed by -$80.9M from $1.01B in 2014 to $931M in 2019.
In 2019 Nepal imported $10.1B, making it the number 101 trade destination in the world. During the last five reported years the imports of Nepal changed by $1.84B from $8.28B in 2014 to $10.1B in 2019.
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).
*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
During the last 20 years Nepal's economy has become relatively más complex, moving from the 108th to the 100th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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.