Colombia (COL) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Colombia-Nepal Trade: In 2022, Colombia exported $28.9k to Nepal. The main products that Colombia exported to Nepal were N/A. Over the past 5 years the exports of Colombia to Nepal have increased at an annualized rate of 4.62%, from $23k in 2017 to $28.9k in 2022.

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

Nepal-Colombia Trade: In 2022, Nepal exported $1.79k to Colombia. The main products that Nepal exported to Colombia were Pepper ($1.09k), Other Cast Iron Products ($200), and Sculptures ($176). Over the past 5 years the exports of Nepal to Colombia have decreased at an annualized rate of 40.3%, from $23.7k in 2017 to $1.79k in 2022.

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

Comparison In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Nepal ranked 156 in total exports ($1.21B), 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, Colombia exported $28.9k to Nepal. There were not main exports from Colombia to Nepal in 2022. During the last 5 years the exports of Colombia to Nepal have increased at an annualized rate of 4.62%, from $23k in 2017 to $28.9k in 2022.

In 2018, Nepal exported $1.79k to Colombia. The main products exported from Nepal to Colombia were Pepper ($1.09k), Other Cast Iron Products ($200), and Sculptures ($176). During the last 5 years the exports of Nepal to Colombia have decreased at an annualized rate of 40.3%, from $23.7k in 2023 to $1.79k in 2018.

Exports from Colombia () to Nepal () (2023)

Exports from Nepal () to Colombia () (2023)

Latest Data

Trade between Colombia () and Nepal ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Colombia than Nepal included United States ($14.8B), Panama ($4.66B), and China ($2.5B).

In 2023, countries that imported more from Nepal than Colombia included Burma ($184k), Maldives ($193k), and Lesotho ($16.2k).

Difference in imports from Nepal () and Colombia () (2023)

Comparative Advantage Colombia - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Nepal in the exports of .

During 2018, Nepal had a large net trade with Colombia in the exports of Vegetable Products ($1.09k), Metals ($200), and Arts and Antiques ($176).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Nepal+$56.7kCoffee

Top Product Potential Nepal Colombia+$17.1kTrunks and Cases

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 Colombia and Nepal. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Nepal () (2023)

Exports from Nepal () to Colombia () (2023)

Latest Data

Trade between Colombia () and Nepal ()

Colombia Exports

Market Competitiveness

Difference in imports from Nepal () and Colombia () (2023)

Comparative Advantage Colombia - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Nepal () (2023)

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