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Pricing

2022
Flag → Flag
Exports $36.2MRnk 137 / 224
2022
Flag → Flag
Top Product $8.6MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $26.2MRnk 5 / 149
2022
Flag → Flag
Top Product $5.9MKnotted Carpets
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

United Kingdom-Nepal Trade: In 2022, United Kingdom exported $36.2M to Nepal. The main products that United Kingdom exported to Nepal were Vaccines, blood, antisera, toxins and cultures ($8.6M), Scrap Iron ($5.3M), and Gold ($3.9M). Over the past 5 years the exports of United Kingdom to Nepal have increased at an annualized rate of 17.4%, from $16.2M in 2017 to $36.2M in 2022.

In 2022, United Kingdom did not export any services to Nepal.

Nepal-United Kingdom Trade: In 2022, Nepal exported $26.2M to United Kingdom. The main products that Nepal exported to United Kingdom were Knotted Carpets ($5.9M), Non-Knit Women's Suits ($5.09M), and Knit Sweaters ($3.33M). Over the past 5 years the exports of Nepal to United Kingdom have decreased at an annualized rate of 2.97%,  from $30.5M in 2017 to $26.2M in 2022.

In 2022, Nepal did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, United Kingdom exported £2.11M and imported £1.62M from Nepal, resulting in a positive trade balance of £491k. Between September 2023 and September 2024 the exports of United Kingdom have increased by £1.34M (175%) from £767k to £2.11M, while imports decreased by £-290k (-15.2%) from £1.91M to £1.62M.

Trade In September 2024, the top exports of United Kingdom to Nepal were Laboratory Reagents (£87.1k), Other Edible Preparations (£73.4k), Raw Plastic Sheeting (£47.4k), Chemical Analysis Instruments (£46.2k), and Aircraft parts including unmanned craft (£34.3k). In September 2024 the top imports of United Kingdom from Nepal were Knotted Carpets (£401k), Knit Sweaters (£100k), Non-Knit Women's Suits (£97.8k), Non-Knit Women's Shirts (£48.8k), and Knit T-shirts (£36.8k).

Origins In September 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£1.74M), London Gateway (£180k), East Midlands Airport (£114k), Manchester Airport (£26.6k), and Belfast International Airport (£21.7k), while imports destinations were mainly London Heathrow Airport (£956k), London Gatwick Airport (£201k), Southampton (£168k), East Midlands Airport (£74.5k), and London Stansted Airport (£63.9k).

Growth In September 2024, the increase in United Kingdom's year-by-year exports to Nepal was explained primarily by an increase in product exports in Laboratory Reagents (£72.3k or 486%), Chemical Analysis Instruments (£28.7k or 164%), and Packaged Medicaments (£16.4k or 173%). In September 2024, the decrease in United Kingdom's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Non-Knit Women's Suits (£-16.6k or -14.5%), Knit Sweaters (£-16.3k or -14%), and Felt (£-5.01k or -17.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)£1.34M(175%)
IMPORT GROWTH (September 2023 - September 2024)£-290k(-15.2%)
MAIN EXPORTER (September 2024)London Heathrow Airport£1.74M

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

To check Nepal and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $36.2M to Nepal. The main products exported from United Kingdom to Nepal were Vaccines, blood, antisera, toxins and cultures ($8.6M), Scrap Iron ($5.3M), and Gold ($3.9M). During the last 5 years the exports of United Kingdom to Nepal have increased at an annualized rate of 17.4%, from $16.2M in 2017 to $36.2M in 2022.

In 2017, Nepal exported $26.2M to United Kingdom. The main products exported from Nepal to United Kingdom were Knotted Carpets ($5.9M), Non-Knit Women's Suits ($5.09M), and Knit Sweaters ($3.33M). During the last 5 years the exports of Nepal to United Kingdom have decreased at an annualized rate of 2.97%, from $30.5M in 2022 to $26.2M in 2017.

Exports from United Kingdom (Flag) to Nepal (Flag) (2022)

Exports from Nepal (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from United Kingdom than Nepal included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Nepal than United Kingdom included Central African Republic ($8.88M) and Bhutan ($3.99M).

Difference in imports from Nepal (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Nepal

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Nepal in the exports of Chemical Products ($10.7M), Metals ($5.61M), and Precious Metals ($4.38M).

During 2017, Nepal had a large net trade with United Kingdom in the exports of Textiles ($21.2M), Foodstuffs ($1.09M), and Paper Goods ($706k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Nepal+$6.57MGold
Top Product Potential Nepal United Kingdom+$3.71MNon-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 United Kingdom and Nepal. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Nepal (Flag) (2022)

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