Observatory of Economic Complexity

Flag Nepal

Product Exports (2018): $723M, Rank 156 of 222

Exports Per Capita (2018): $25.7, Rank 108 of 219

Product Imports (2018): $10.1B, Rank 102 of 221

Imports Per Capita (2018): $360, Rank 104 of 219

Service Exports (2018): $1.75B, Rank 58 of 88

Service Imports (2018): $1.8B, Rank 63 of 88

GDP (2018): $29B, CURRENT US$
Rank 102 of 196

GDP growth (2008 - 2018): 131%, CURRENT US$
Rank 17 of 196

GDP PC (2018): $1,034, CURRENT US$
Rank 170 of 196

GDP PC GROWTH (2008 - 2018): 120%, CURRENT US$
Rank 9 of 196

About

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Exports: The top exports of Nepal are Non-Retail Synthetic Staple Fibers Yarn ($82.5M), Knotted Carpets ($71.9M), Flavored Water ($43.5M), Nutmeg, mace and cardamons ($35.7M), and Other Plastic Products ($30.5M), exporting mostly to India ($394M), United States ($99.1M), Turkey ($40M), Germany ($32M), and United Kingdom ($26.6M).

Imports: The top imports of Nepal are Refined Petroleum ($1.35B), Semi-Finished Iron ($585M), Planes, Helicopters, and/or Spacecraft ($292M), Gold ($279M), and Petroleum Gas ($266M), importing mostly from India ($7.26B), China ($1.08B), United Arab Emirates ($395M), France ($275M), and Hong Kong ($220M).

Location: Nepal borders India and China by land.

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Non-Retail Synthetic Staple Fibers Yarn, $82.5M

Top Destination (2018): India, $394M

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.

The most recent exports are led by Non-Retail Synthetic Staple Fibers Yarn ($82.5M), Knotted Carpets ($71.9M), Flavored Water ($43.5M), Nutmeg, mace and cardamons ($35.7M), and Other Plastic Products ($30.5M). The most common destination for the exports of Nepal are India ($394M), United States ($99.1M), Turkey ($40M), Germany ($32M), and United Kingdom ($26.6M).

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Yearly Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $1.35B

Top Origin (2018): India, $7.26B

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.

The most recent imports of Nepal are led by Refined Petroleum ($1.35B), Semi-Finished Iron ($585M), Planes, Helicopters, and/or Spacecraft ($292M), Gold ($279M), and Petroleum Gas ($266M). The most common import partners for Nepal are India ($7.26B), China ($1.08B), United Arab Emirates ($395M), France ($275M), and Hong Kong ($220M).

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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Nepal Exports Services (2018): $1.75B

Nepal Imports Services (2018): $1.8B

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).

Forecasts

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Trade Forecasts

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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.

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Tariffs

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Nepal are Air gun pellets, parts of shotgun cartridges (80%) and Arms nes, (spring/air/gas guns, truncheons, etc) (80%).

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

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*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 (1.86k), Nutmeg, mace and cardamons (1.12k), Non-Retail Synthetic Staple Fibers Yarn (350), Other Vegetable Products (177), and Rosin (169). 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 Plastic articles nes (0.92), Plastic floor, wall or ceiling covering, roll or tiles (0.79), Flat-rolled iron/steel, <600mm, clad, plated or coated (0.79), Wallpaper and similar wall coverings etc of paper (0.68), and Medicaments mixed together for therapeutic use, bulk (0.56). 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 (0.24), Knit Women's Undergarments (0.23), Knit Men's Undergarments (0.23), Knit Babies' Garments (0.22), and Non-Knit Men's Undergarments (0.22). 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

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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.

Diversification Frontier

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Filter
Depth

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.

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