Nepal (NPL) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Nepal-Austria Trade: In 2023, Nepal exported $4.09M to Austria. The main products that Nepal exported to Austria were Knit Sweaters ($806k), Knotted Carpets ($658k), and Knitted Hats ($495k). Over the past 5 years the exports of Nepal to Austria have increased at an annualized rate of 5.95%, from $3.06M in 2018 to $4.09M in 2023.

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

Austria-Nepal Trade: In 2023, Austria exported $8.72M to Nepal. The main products that Austria exported to Nepal were Hydraulic Turbines ($3.96M), Liquid Pumps ($979k), and Electrical Control Boards ($828k). Over the past 5 years the exports of Austria to Nepal have increased at an annualized rate of 3.9%, from $7.2M in 2018 to $8.72M in 2023.

In 2023, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $4.09M to Austria. The main products exported from Nepal to Austria were Knit Sweaters ($806k), Knotted Carpets ($658k), and Knitted Hats ($495k). During the last 5 years the exports of Nepal to Austria have increased at an annualized rate of 5.95%, from $3.06M in 2018 to $4.09M in 2023.

In 2018, Austria exported $8.72M to Nepal. The main products exported from Austria to Nepal were Hydraulic Turbines ($3.96M), Liquid Pumps ($979k), and Electrical Control Boards ($828k). During the last 5 years the exports of Austria to Nepal have increased at an annualized rate of 3.9%, from $7.2M in 2023 to $8.72M in 2018.

Exports from Nepal () to Austria () (2023)

Exports from Austria () to Nepal () (2023)

Latest Data

Trade between Nepal () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Austria
Top DestinationGermany$51B

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

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

In 2023, countries that imported more from Austria than Nepal included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Nepal - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Austria in the exports of Textiles ($2.99M), Footwear and Headwear ($513k), and Instruments ($159k).

During 2018, Austria had a large net trade with Nepal in the exports of Machines ($6.89M), Instruments ($951k), and Plastics and Rubbers ($331k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Austria+$698kKnit Sweaters

Top Product Potential Austria Nepal+$854kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Austria () (2023)

Exports from Austria () to Nepal () (2023)

Latest Data

Trade between Nepal () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Nepal - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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