Finland (FIN) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Finland-Nepal Trade: In 2023, Finland exported $292k to Nepal. The main products that Finland exported to Nepal were X-Ray Equipment ($135k), Cellulose ($43.9k), and Medical Furniture ($26.1k). Over the past 5 years the exports of Finland to Nepal have decreased at an annualized rate of 35%, from $2.52M in 2018 to $292k in 2023.

In 2023, Finland did not export any services to Nepal.

Nepal-Finland Trade: In 2023, Nepal exported $764k to Finland. The main products that Nepal exported to Finland were Other Knit Clothing Accessories ($220k), Non-Knit Women's Suits ($70.3k), and Knit Women's Suits ($54.9k). Over the past 5 years the exports of Nepal to Finland have decreased at an annualized rate of 11.4%, from $1.4M in 2018 to $764k in 2023.

In 2023, Nepal did not export any services to Finland.

Comparison In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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 2023, Finland exported $292k to Nepal. The main products exported from Finland to Nepal were X-Ray Equipment ($135k), Cellulose ($43.9k), and Medical Furniture ($26.1k). During the last 5 years the exports of Finland to Nepal have decreased at an annualized rate of 35%, from $2.52M in 2018 to $292k in 2023.

In 2018, Nepal exported $764k to Finland. The main products exported from Nepal to Finland were Other Knit Clothing Accessories ($220k), Non-Knit Women's Suits ($70.3k), and Knit Women's Suits ($54.9k). During the last 5 years the exports of Nepal to Finland have decreased at an annualized rate of 11.4%, from $1.4M in 2023 to $764k in 2018.

Exports from Finland () to Nepal () (2023)

Exports from Nepal () to Finland () (2023)

Latest Data

Trade between Finland () and Nepal ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Finland than Nepal included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, no countries were registered that imported more from Nepal than from Finland.

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

Comparative Advantage Finland - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Nepal in the exports of Instruments ($201k), Plastics and Rubbers ($46.5k), and Miscellaneous ($26.9k).

During 2018, Nepal had a large net trade with Finland in the exports of Textiles ($550k), Miscellaneous ($48.1k), and Footwear and Headwear ($37.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Nepal+$309kOther Construction Vehicles

Top Product Potential Nepal Finland+$243kNon-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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Nepal () (2023)

Exports from Nepal () to Finland () (2023)

Latest Data

Trade between Finland () and Nepal ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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