Nepal (NPL) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Nepal-Denmark Trade: In 2022, Nepal exported $8.07M to Denmark. The main products that Nepal exported to Denmark were Felt ($3.01M), Other Cloth Articles ($1.3M), and Knit Sweaters ($1.22M). Over the past 5 years the exports of Nepal to Denmark have increased at an annualized rate of 13.9%, from $4.21M in 2017 to $8.07M in 2022.

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

Denmark-Nepal Trade: In 2022, Denmark exported $3.84M to Nepal. The main products that Denmark exported to Nepal were Malt ($370k), Medical Instruments ($347k), and Office Machine Parts ($263k). Over the past 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 17.6%, from $10.1M in 2017 to $3.84M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $8.07M to Denmark. The main products exported from Nepal to Denmark were Felt ($3.01M), Other Cloth Articles ($1.3M), and Knit Sweaters ($1.22M). During the last 5 years the exports of Nepal to Denmark have increased at an annualized rate of 13.9%, from $4.21M in 2017 to $8.07M in 2022.

In 2017, Denmark exported $3.84M to Nepal. The main products exported from Denmark to Nepal were Malt ($370k), Medical Instruments ($347k), and Office Machine Parts ($263k). During the last 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 17.6%, from $10.1M in 2022 to $3.84M in 2017.

Exports from Nepal () to Denmark () (2022)

Exports from Denmark () to Nepal () (2022)

Latest Data

Trade between Nepal () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Nepal than Denmark included India ($956M), Bhutan ($3.99M), and Saint Helena ($435).

In 2022, countries that imported more from Denmark than Nepal included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark () and Nepal () (2022)

Comparative Advantage Nepal - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Denmark in the exports of Textiles ($6.97M), Footwear and Headwear ($538k), and Machines ($161k).

During 2017, Denmark had a large net trade with Nepal in the exports of Machines ($1.17M), Instruments ($674k), and Chemical Products ($528k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Denmark+$905kKnit Sweaters

Top Product Potential Denmark Nepal+$725kMedical Instruments

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Denmark () (2022)

Exports from Denmark () to Nepal () (2022)

Latest Data

Trade between Nepal () and Denmark ()

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Nepal () (2022)

Comparative Advantage Nepal - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Denmark () (2022)

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