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Pricing

2022
Flag → Flag
Exports $66.9MRnk 97 / 215
2022
Flag → Flag
Top Product $23.5MSpark-Ignition Engines
2022
Flag → Flag
Exports $13.2MRnk 9 / 149
2022
Flag → Flag
Top Product $2.53MAnimal Food
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Canada-Nepal Trade: In 2022, Canada exported $66.9M to Nepal. The main products that Canada exported to Nepal were Spark-Ignition Engines ($23.5M), Soybeans ($14.2M), and Gas Turbines ($8.62M). Over the past 5 years the exports of Canada to Nepal have increased at an annualized rate of 6.92%, from $47.9M in 2017 to $66.9M in 2022.

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

Nepal-Canada Trade: In 2022, Nepal exported $13.2M to Canada. The main products that Nepal exported to Canada were Animal Food ($2.53M), Knotted Carpets ($2.47M), and Spark-Ignition Engines ($891k). Over the past 5 years the exports of Nepal to Canada have increased at an annualized rate of 5.28%,  from $10.2M in 2017 to $13.2M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$3.63M and imported C$1.63M from Nepal, resulting in a positive trade balance of C$2M. Between June 2023 and June 2024 the exports of Canada have increased by C$3.54M (3.98k%) from C$88.8k to C$3.63M, while imports decreased by C$-44.8k (-2.68%) from C$1.67M to C$1.63M.

Trade In June 2024, the top exports of Canada to Nepal were Soybeans (C$762k), Dried Legumes (C$278k), Aircraft parts including unmanned craft (C$18.9k), Computers (C$18k), and Interchangeable Tool Parts (C$15.7k). In June 2024 the top imports of Canada from Nepal were Knotted Carpets (C$509k), Animal Food (C$270k), Other Cloth Articles (C$57.5k), Hand-Woven Rugs (C$45.2k), and Tufted Carpets (C$42.4k).

Origins In June 2024 the exports of Canada were mainly from Saskatchewan (C$3.1M), Alberta (C$195k), Ontario (C$190k), Manitoba (C$107k), and Quebec (C$27.2k), while imports destinations were mainly Ontario (C$1.15M), British Columbia (C$227k), Alberta (C$126k), Quebec (C$62k), and Manitoba (C$59.5k).

Growth In June 2024, the increase in Canada's year-by-year exports to Nepal was explained primarily by an increase in product exports in . In June 2024, the decrease in Canada's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Animal Food (C$-120k or -30.9%), Pasta (C$-37.7k or -88.3%), and Non-Knit Active Wear (C$-37.6k or -64.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$3.54M(3.98k%)
IMPORT GROWTH (June 2023 - June 2024)C$-44.8k(-2.68%)
MAIN EXPORTER (June 2024)SaskatchewanC$3.1M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Nepal and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $66.9M to Nepal. The main products exported from Canada to Nepal were Spark-Ignition Engines ($23.5M), Soybeans ($14.2M), and Gas Turbines ($8.62M). During the last 5 years the exports of Canada to Nepal have increased at an annualized rate of 6.92%, from $47.9M in 2017 to $66.9M in 2022.

In 2017, Nepal exported $13.2M to Canada. The main products exported from Nepal to Canada were Animal Food ($2.53M), Knotted Carpets ($2.47M), and Spark-Ignition Engines ($891k). During the last 5 years the exports of Nepal to Canada have increased at an annualized rate of 5.28%, from $10.2M in 2022 to $13.2M in 2017.

Exports from Canada (Flag) to Nepal (Flag) (2022)

Exports from Nepal (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Canada than Nepal included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Nepal than Canada included Central African Republic ($8.88M), Bhutan ($3.99M), and Saint Helena ($435).

Difference in imports from Nepal (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Nepal

Flow
Scale

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

During 2022, Canada had a large net trade with Nepal in the exports of Machines ($32.7M), Vegetable Products ($19M), and Transportation ($7.86M).

During 2017, Nepal had a large net trade with Canada in the exports of Textiles ($7.13M), Foodstuffs ($2.91M), and Machines ($916k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Nepal+$2MDried Legumes
Top Product Potential Nepal Canada+$1.71MAnimal Food

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

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

Product Space of Canada (Flag) and Nepal (Flag) (2022)

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