2022
Flag  
GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Nepal-Azerbaijan In 2022, Nepal exported $44.8k to Azerbaijan. The main products that Nepal exported to Azerbaijan are Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). During the last 22 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 13.6%, from $2.69k in 2000 to $44.8k in 2022.

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

Azerbaijan-Nepal In 2022, Azerbaijan exported $51 to Nepal. The main products that Azerbaijan exported to Nepal were Knotted Carpets ($51). During the last 22 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 10.2%, from $549 in 2000 to $51 in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $44.8k to Azerbaijan. The main products exported from Nepal to Azerbaijan were Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). During the last 22 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 13.6%, from $2.69k in 2000 to $44.8k in 2022.

In 2022, Azerbaijan exported $51 to Nepal. The main products exported from Azerbaijan to Nepal were Knotted Carpets ($51). During the last 24 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 10.2%, from $549 in 1998 to $51 in 2022.

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

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

Latest Data

Trade between Nepal (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Date

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Azerbaijan
Top Destination
Italy$18.3B

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

In 2021, countries that imported more from Nepal than Azerbaijan were Singapore ($25.5M), United States ($152M), and Central African Republic ($8.88M).

In 2021, countries that imported more from Azerbaijan than Nepal were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Nepal - Azerbaijan

Flow
Scale

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

During 2022, Nepal had a large net trade with Azerbaijan in the exports of Chemical Products ($29.1k), Textiles ($12.8k), and Instruments ($1.09k).

During 2022, Azerbaijan had a large net trade with Nepal in the exports of Textiles ($51).

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 Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Nepal.

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

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