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2023
Flag → Flag
Exports $19.7MRnk 167 / 219
2023
Flag → Flag
Top Product $2.96MEyewear
2023
Flag → Flag
Exports $9.99MRnk 12 / 111
2023
Flag → Flag
Top Product $3.93MKnotted Carpets
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
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GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
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GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Italy-Nepal Trade: In 2023, Italy exported $19.7M to Nepal. The main products that Italy exported to Nepal were Eyewear ($2.96M), Other Heating Machinery ($1.38M), and Washing and Bottling Machines ($1.13M). Over the past 5 years the exports of Italy to Nepal have decreased at an annualized rate of 17.6%, from $51.9M in 2018 to $19.7M in 2023.

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

Nepal-Italy Trade: In 2023, Nepal exported $9.99M to Italy. The main products that Nepal exported to Italy were Knotted Carpets ($3.93M), Knit Sweaters ($1.77M), and Scarves ($715k). Over the past 5 years the exports of Nepal to Italy have decreased at an annualized rate of 4.6%,  from $12.6M in 2018 to $9.99M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Nepal, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Nepal were . In N/A the top imports of Italy from Nepal were .

Growth In N/A, the N/A in Italy's year-by-year exports to Nepal was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Nepal and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $19.7M to Nepal. The main products exported from Italy to Nepal were Eyewear ($2.96M), Other Heating Machinery ($1.38M), and Washing and Bottling Machines ($1.13M). During the last 5 years the exports of Italy to Nepal have decreased at an annualized rate of 17.6%, from $51.9M in 2018 to $19.7M in 2023.

In 2018, Nepal exported $9.99M to Italy. The main products exported from Nepal to Italy were Knotted Carpets ($3.93M), Knit Sweaters ($1.77M), and Scarves ($715k). During the last 5 years the exports of Nepal to Italy have decreased at an annualized rate of 4.6%, from $12.6M in 2023 to $9.99M in 2018.

Exports from Italy (Flag) to Nepal (Flag) (2023)

Exports from Nepal (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Italy than Nepal included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Difference in imports from Nepal (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Nepal

Flow
Scale

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

During 2023, Italy had a large net trade with Nepal in the exports of Machines ($6.05M), Instruments ($5.38M), and Textiles ($1.78M).

During 2018, Nepal had a large net trade with Italy in the exports of Textiles ($8.02M), Foodstuffs ($643k), and Vegetable Products ($491k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Nepal+$3.26MPackaged Medicaments
Top Product Potential Nepal Italy+$2.29MKnit Sweaters

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

Product Space of Italy (Flag) and Nepal (Flag) (2023)

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