Armenia (ARM) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Armenia-Nepal Trade: In 2022, Armenia exported $469 to Nepal. The main products that Armenia exported to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). Over the past 9 years the exports of Armenia to Nepal have increased at an annualized rate of 11.8%, from $172 in 2013 to $469 in 2022.

In 2022, Armenia did not export any services to Nepal.

Nepal-Armenia Trade: In 2022, Nepal exported $55.7k to Armenia. The main products that Nepal exported to Armenia were Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). Over the past 9 years the exports of Nepal to Armenia have increased at an annualized rate of 21.1%, from $21.4k in 2013 to $55.7k in 2022.

In 2022, Nepal did not export any services to Armenia.

Comparison In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $469 to Nepal. The main products exported from Armenia to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). During the last 9 years the exports of Armenia to Nepal have increased at an annualized rate of 11.8%, from $172 in 2013 to $469 in 2022.

In 2017, Nepal exported $55.7k to Armenia. The main products exported from Nepal to Armenia were Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). During the last 5 years the exports of Nepal to Armenia have increased at an annualized rate of 21.1%, from $21.4k in 2022 to $55.7k in 2017.

Exports from Armenia () to Nepal () (2022)

Exports from Nepal () to Armenia () (2022)

Latest Data

Trade between Armenia () and Nepal ()

Armenia Exports

Date

Sep 2016

Apr 2016

Jul 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Nepal
Top DestinationIndia$956M

This map shows whether countries import more from Armenia or Nepal. Each country is colored based on the difference in imports they receive from Armenia and Nepal or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Nepal included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from Nepal than Armenia included India ($956M), United States ($152M), and Singapore ($25.5M).

Difference in imports from Nepal () and Armenia () (2022)

Comparative Advantage Armenia - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Nepal by product, considering products traded by both, Armenia and Nepal.

During 2022, Armenia had a large net trade with Nepal in the exports of Vegetable Products ($453) and Textiles ($16).

During 2017, Nepal had a large net trade with Armenia in the exports of Instruments ($55.2k), Vegetable Products ($408), and Paper Goods ($178).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Nepal+$3.18kGold

Top Product Potential Nepal Armenia+$9.37kOrthopedic Appliances

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Nepal. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Nepal () (2022)

Exports from Nepal () to Armenia () (2022)

Latest Data

Trade between Armenia () and Nepal ()

Armenia Exports

Market Competitiveness

Difference in imports from Nepal () and Armenia () (2022)

Comparative Advantage Armenia - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Nepal () (2022)

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