Nepal (NPL) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Nepal-Australia Trade: In 2023, Nepal exported $12.5M to Australia. The main products that Nepal exported to Australia were Knotted Carpets ($2.04M), Pasta ($1.85M), and Other toys ($740k). Over the past 5 years the exports of Nepal to Australia have increased at an annualized rate of 12.1%, from $7.06M in 2018 to $12.5M in 2023.

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

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

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $12.5M to Australia. The main products exported from Nepal to Australia were Knotted Carpets ($2.04M), Pasta ($1.85M), and Other toys ($740k). During the last 5 years the exports of Nepal to Australia have increased at an annualized rate of 12.1%, from $7.06M in 2018 to $12.5M in 2023.

Australia does not register exports to Nepal. The main products exported from Australia to Nepal were Dried Legumes ($64.8M), Rapeseed ($18.7M), and Other Coloring Matter ($1.3M).

Exports from Nepal () to Australia () (2023)

Exports from Australia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Nepal included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Nepal - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Australia in the exports of Textiles ($4.39M), Foodstuffs ($4.18M), and Miscellaneous ($955k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Australia+$1.05MNon-Knit Women's Suits

Top Product Potential Australia Nepal+$18MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Australia () (2023)

Exports from Australia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Australia ()

Australia Exports

Market Competitiveness

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

Comparative Advantage Nepal - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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