Nepal (NPL) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Nepal-Armenia Trade: In 2023, Nepal exported $14k to Armenia. The main products that Nepal exported to Armenia were Orthopedic Appliances ($12.9k), Tea ($573), and Paper Containers ($387). Over the past 5 years the exports of Nepal to Armenia have decreased at an annualized rate of 1.79%, from $15.3k in 2018 to $14k in 2023.

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

Armenia-Nepal In N/A, Armenia did not export any products to Nepal.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $14k to Armenia. The main products exported from Nepal to Armenia were Orthopedic Appliances ($12.9k), Tea ($573), and Paper Containers ($387). During the last 5 years the exports of Nepal to Armenia have decreased at an annualized rate of 1.79%, from $15.3k in 2018 to $14k in 2023.

Armenia does not register exports to Nepal.

Exports from Nepal () to Armenia () (2023)

Exports from Armenia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Armenia ()

Armenia Exports

Date

Sep 2016

Apr 2016

Jul 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Nepal than Armenia included India ($811M), United States ($140M), and France ($23.7M).

In 2023, countries that imported more from Armenia than Nepal included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Nepal - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Armenia in the exports of Instruments ($12.9k), Vegetable Products ($573), and Paper Goods ($420).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Armenia+$9.37kOrthopedic Appliances

Top Product Potential Armenia Nepal+$3.18kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Armenia () (2023)

Exports from Armenia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Nepal - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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