2022
Flag  
GDP
$40.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.1%CURRENT US$
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2022
Flag
 GDP
$19.5BCURRENT US$
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2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
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2022
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GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
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2022
Flag
GDP PC
$7,014CURRENT US$
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2012-2022
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GDP PC GROWTH
92.5%CURRENT US$
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About

Nepal-Armenia In 2022, Nepal exported $55.7k to Armenia. The main products that Nepal exported to Armenia are Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). During the last 25 years the exports of Nepal to Armenia have increased at an annualized rate of 12.6%, from $2.87k in 1997 to $55.7k in 2022.

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

Armenia-Nepal In 2022, Armenia exported $469 to Nepal. The main products that Armenia exported to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). During the last 25 years the exports of Armenia to Nepal have decreased at an annualized rate of 0.26%, from $500 in 1997 to $469 in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $55.7k to Armenia. The main products exported from Nepal to Armenia were Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). During the last 25 years the exports of Nepal to Armenia have increased at an annualized rate of 12.6%, from $2.87k in 1997 to $55.7k in 2022.

In 2022, Armenia exported $469 to Nepal. The main products exported from Armenia to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). During the last 14 years the exports of Armenia to Nepal have decreased at an annualized rate of 0.26%, from $500 in 2008 to $469 in 2022.

Exports from Nepal (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Nepal (Flag) (2022)

Latest Data

Trade between Nepal (Flag) and Armenia (Flag)

Armenia Exports

Date

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Armenia
Top Destination
Russia$2.36B

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 2021, countries that imported more from Nepal than Armenia were India ($956M), United States ($152M), and Singapore ($25.5M).

In 2021, countries that imported more from Armenia than Nepal were Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

Difference in imports from Armenia (Flag) and Nepal (Flag) (2022)

Comparative Advantage Nepal - Armenia

Flow
Scale

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

During 2022, Nepal had a large net trade with Armenia in the exports of Instruments ($55.2k), Vegetable Products ($408), and Paper Goods ($178).

During 2022, Armenia had a large net trade with Nepal in the exports of Vegetable Products ($453) and Textiles ($16).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nepal has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Nepal.

Product Space of Nepal (Flag) and Armenia (Flag) (2022)

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