Nepal (NPL) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Nepal-Ecuador Trade: In 2023, Nepal exported $1.02k to Ecuador. The main products that Nepal exported to Ecuador were Bells and Other Metal Ornaments ($466), Other Iron Products ($400), and Copper Springs ($59). Over the past 5 years the exports of Nepal to Ecuador have decreased at an annualized rate of 33%, from $7.55k in 2018 to $1.02k in 2023.

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

Ecuador-Nepal Trade: In 2023, Ecuador exported $631 to Nepal. The main products that Ecuador exported to Nepal were Shaving Products ($631). Over the past 5 years the exports of Ecuador to Nepal have decreased at an annualized rate of 66.7%, from $154k in 2018 to $631 in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $1.02k to Ecuador. The main products exported from Nepal to Ecuador were Bells and Other Metal Ornaments ($466), Other Iron Products ($400), and Copper Springs ($59). During the last 5 years the exports of Nepal to Ecuador have decreased at an annualized rate of 33%, from $7.55k in 2018 to $1.02k in 2023.

In 2018, Ecuador exported $631 to Nepal. The main products exported from Ecuador to Nepal were Shaving Products ($631). During the last 5 years the exports of Ecuador to Nepal have decreased at an annualized rate of 66.7%, from $154k in 2023 to $631 in 2018.

Exports from Nepal () to Ecuador () (2023)

Exports from Ecuador () to Nepal () (2023)

Latest Data

Trade between Nepal () and Ecuador ()

Ecuador Exports

Date

Oct 2020

Dec 2015

Nov 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Nepal than Ecuador included Pakistan ($2.01M), Burma ($184k), and Uganda ($119k).

In 2023, countries that imported more from Ecuador than Nepal included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Nepal - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Ecuador in the exports of Metals ($925), Stone And Glass ($54), and Wood Products ($25).

During 2018, Ecuador had a large net trade with Nepal in the exports of Chemical Products ($631).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Ecuador+$2.63kSoybean Oil

Top Product Potential Ecuador Nepal+$8.07kElectric Heaters

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Ecuador () (2023)

Exports from Ecuador () to Nepal () (2023)

Latest Data

Trade between Nepal () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Nepal - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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