2022
Flag  
GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

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 8.41%,  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
Value

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 8.41%, from $10.1M in 2022 to $3.84M in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Denmark (Flag)

Denmark Exports

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Denmark
Top Destination
Germany$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 (Flag) and Nepal (Flag) (2022)

Comparative Advantage Nepal - Denmark

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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