Nepal
2020 Product Exports | Imports: $874M | $8.2B, 159 of 226 | 109 of 226
2020 Per Capita Product Exports | Imports: $30 | $281, 214 of 219 | 191 of 219
2019 Service Exports | Imports : $1.62B | $1.71B, 83 of 108 | 84 of 108
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).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
Latest Data
#permalink to sectionThe 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.
Latest Data (dev)
#permalink to sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Soybean Oil, $198M
Top Destination (2020): India, $5.85B
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).
Service Trade
#permalink to sectionService Trade
#permalink to sectionNepal 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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionNepal 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
#permalink to sectionThe highest complexity exports of Nepal according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.78), Plastic Floor Coverings (1.39), Carboxyimide Compounds (1.37), Musical Instrument Parts (1.28), and Postcards (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe 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.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
