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Pricing

2022
Flag → Flag
Exports $9.54MRnk 165 / 218
2022
Flag → Flag
Top Product $2.18MElectric Motors
2022
Flag → Flag
Exports $3.41MRnk 24 / 149
2022
Flag → Flag
Top Product $606kNon-Knit Women's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Spain-Nepal Trade: In 2022, Spain exported $9.54M to Nepal. The main products that Spain exported to Nepal were Electric Motors ($2.18M), Beauty Products ($525k), and Animal Food ($471k). Over the past 5 years the exports of Spain to Nepal have increased at an annualized rate of 4.77%, from $7.56M in 2017 to $9.54M in 2022.

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

Nepal-Spain Trade: In 2022, Nepal exported $3.41M to Spain. The main products that Nepal exported to Spain were Non-Knit Women's Suits ($606k), Scarves ($346k), and Trunks and Cases ($295k). Over the past 5 years the exports of Nepal to Spain have decreased at an annualized rate of 1.62%,  from $3.83M in 2017 to $3.41M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €2.87M and imported €235k from Nepal, resulting in a positive trade balance of €2.64M. Between August 2023 and August 2024 the exports of Spain have increased by €2.51M (700%) from €359k to €2.87M, while imports decreased by €-82.4k (-26%) from €317k to €235k.

Trade In August 2024, the top exports of Spain to Nepal were Special Pharmaceuticals (€82k), Animal Food (€53.2k), Antibiotics (€31.4k), Beauty Products (€24.1k), and Medical Instruments (€20k). In August 2024 the top imports of Spain from Nepal were Knit Sweaters (€43.8k), Scarves (€41.2k), Bells and Other Metal Ornaments (€26k), Trunks and Cases (€15.6k), and Imitation Jewellery (€14.6k).

Origins In August 2024 the exports of Spain were mainly from Madrid (€2.52M), Lleida (€137k), Valladolid (€88.3k), Barcelona (€85.8k), and Sevilla (€17.2k), while imports destinations were mainly Barcelona (€137k), Madrid (€53.3k), Granada (€21.3k), Guipúzcoa (€12.5k), and Málaga (€5.83k).

Growth In August 2024, the increase in Spain's year-by-year exports to Nepal was explained primarily by an increase in product exports in Special Pharmaceuticals (€34.2k or 71.7%), Animal Food (€22.8k or 74.9%), and Laboratory Reagents (€2.52k or 1.26k%). In August 2024, the decrease in Spain's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Blankets (€-4.78k or -97.5%), Other Knit Garments (€-1.86k or -71.2%), and Other Knit Clothing Accessories (€-1.74k or -83.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€2.51M(700%)
IMPORT GROWTH (August 2023 - August 2024)€-82.4k(-26%)
MAIN EXPORTER (August 2024)Madrid€2.52M

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

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

For full datasets download visit Bulk Download page.

Explore Nepal and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $9.54M to Nepal. The main products exported from Spain to Nepal were Electric Motors ($2.18M), Beauty Products ($525k), and Animal Food ($471k). During the last 5 years the exports of Spain to Nepal have increased at an annualized rate of 4.77%, from $7.56M in 2017 to $9.54M in 2022.

In 2017, Nepal exported $3.41M to Spain. The main products exported from Nepal to Spain were Non-Knit Women's Suits ($606k), Scarves ($346k), and Trunks and Cases ($295k). During the last 5 years the exports of Nepal to Spain have decreased at an annualized rate of 1.62%, from $3.83M in 2022 to $3.41M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Spain than Nepal included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Nepal

Flow
Scale

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

During 2022, Spain had a large net trade with Nepal in the exports of Machines ($3.96M), Chemical Products ($1.54M), and Foodstuffs ($1.37M).

During 2017, Nepal had a large net trade with Spain in the exports of Textiles ($2.32M), Animal Hides ($298k), and Metals ($173k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Nepal+$849kBeauty Products
Top Product Potential Nepal Spain+$1.32MNon-Knit Women's Suits

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

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

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