Maldives (MDV) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Maldives-Nepal Trade: In 2022, Maldives exported $8.71k to Nepal. The main products that Maldives exported to Nepal were Broadcasting Equipment ($4.4k), Wood Ornaments ($2.62k), and Bells and Other Metal Ornaments ($807). Over the past 6 years the exports of Maldives to Nepal have increased at an annualized rate of 110%, from $103 in 2016 to $8.71k in 2022.

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

Nepal-Maldives Trade: In 2022, Nepal exported $303k to Maldives. The main products that Nepal exported to Maldives were Knotted Carpets ($279k), Other Musical Instruments ($6.67k), and Percussion ($4.92k). Over the past 6 years the exports of Nepal to Maldives have increased at an annualized rate of 72.8%, from $19.7k in 2016 to $303k in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M). That same year, Nepal ranked 153 in total exports ($1.43B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $8.71k to Nepal. The main products exported from Maldives to Nepal were Broadcasting Equipment ($4.4k), Wood Ornaments ($2.62k), and Bells and Other Metal Ornaments ($807). During the last 6 years the exports of Maldives to Nepal have increased at an annualized rate of 110%, from $103 in 2016 to $8.71k in 2022.

In 2017, Nepal exported $303k to Maldives. The main products exported from Nepal to Maldives were Knotted Carpets ($279k), Other Musical Instruments ($6.67k), and Percussion ($4.92k). During the last 5 years the exports of Nepal to Maldives have increased at an annualized rate of 72.8%, from $19.7k in 2022 to $303k in 2017.

Exports from Maldives () to Nepal () (2022)

Exports from Nepal () to Maldives () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Maldives than Nepal included Thailand ($79.4M), Oman ($14.3M), and Mauritius ($11.1M).

In 2022, countries that imported more from Nepal than Maldives included India ($956M), United States ($152M), and Turkey ($28.3M).

Difference in imports from Nepal () and Maldives () (2022)

Comparative Advantage Maldives - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Nepal in the exports of Machines ($4.72k), Wood Products ($2.62k), and Metals ($817).

During 2017, Nepal had a large net trade with Maldives in the exports of Textiles ($280k), Instruments ($11.6k), and Vegetable Products ($5.79k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Maldives () to Nepal () (2022)

Exports from Nepal () to Maldives () (2022)

Market Competitiveness

Difference in imports from Nepal () and Maldives () (2022)

Comparative Advantage Maldives - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and Nepal () (2022)

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