Nepal (NPL) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Nepal-Canada Trade: In 2023, Nepal exported $11.1M to Canada. The main products that Nepal exported to Canada were Knotted Carpets ($2.71M), Animal Food ($2.02M), and Other Cloth Articles ($656k). Over the past 5 years the exports of Nepal to Canada have increased at an annualized rate of 0.68%, from $10.8M in 2018 to $11.1M in 2023.

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

Canada-Nepal Trade: In 2023, Canada exported $11.4M to Nepal. The main products that Canada exported to Nepal were Gas Turbines ($4.89M), Soybeans ($2.26M), and Scrap Iron ($1.14M). Over the past 5 years the exports of Canada to Nepal have decreased at an annualized rate of 36.1%, from $107M in 2018 to $11.4M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $11.1M to Canada. The main products exported from Nepal to Canada were Knotted Carpets ($2.71M), Animal Food ($2.02M), and Other Cloth Articles ($656k). During the last 5 years the exports of Nepal to Canada have increased at an annualized rate of 0.68%, from $10.8M in 2018 to $11.1M in 2023.

In 2018, Canada exported $11.4M to Nepal. The main products exported from Canada to Nepal were Gas Turbines ($4.89M), Soybeans ($2.26M), and Scrap Iron ($1.14M). During the last 5 years the exports of Canada to Nepal have decreased at an annualized rate of 36.1%, from $107M in 2023 to $11.4M in 2018.

Exports from Nepal () to Canada () (2023)

Exports from Canada () to Nepal () (2023)

Latest Data

Trade between Nepal () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Canada
Top DestinationUnited States$410B

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

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

In 2023, countries that imported more from Canada than Nepal included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Nepal - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Canada in the exports of Textiles ($6.08M), Foodstuffs ($2.24M), and Miscellaneous ($999k).

During 2018, Canada had a large net trade with Nepal in the exports of Machines ($5.16M), Vegetable Products ($3.57M), and Metals ($1.18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Canada+$1.71MAnimal Food

Top Product Potential Canada Nepal+$2MDried Legumes

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Canada () (2023)

Exports from Canada () to Nepal () (2023)

Latest Data

Trade between Nepal () and Canada ()

Canada Exports

Market Competitiveness

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

Comparative Advantage Nepal - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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