2022
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GDP
$40.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.1%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$1,337CURRENT US$
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2012-2022
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GDP PC GROWTH
68.3%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Nepal-Spain Trade: In 2022, Nepal exported $3.41M to Spain. The main products that Nepal exported to Spain were Non-Knit Women's Suits ($606k), Scarves ($346k), and Trunks and Cases ($295k). Over the past 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.26%, from $3.83M in 2017 to $3.41M in 2022.

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

Spain-Nepal Trade: In 2022, Spain exported $9.54M to Nepal. The main products that Spain exported to Nepal were Electric Motors ($2.18M), Beauty Products ($525k), and Animal Food ($471k). Over the past 5 years the exports of Spain to Nepal have increased at an annualized rate of 4.77%,  from $7.56M in 2017 to $9.54M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $3.41M to Spain. The main products exported from Nepal to Spain were Non-Knit Women's Suits ($606k), Scarves ($346k), and Trunks and Cases ($295k). During the last 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.26%, from $3.83M in 2017 to $3.41M in 2022.

In 2017, Spain exported $9.54M to Nepal. The main products exported from Spain to Nepal were Electric Motors ($2.18M), Beauty Products ($525k), and Animal Food ($471k). During the last 5 years the exports of Spain to Nepal have increased at an annualized rate of 4.77%, from $7.56M in 2022 to $9.54M in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Nepal than Spain included Bhutan ($3.99M), Central African Republic ($8.88M), and Saint Helena ($435).

In 2022, countries that imported more from Spain than Nepal included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Nepal - Spain

Flow
Scale

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

During 2022, Nepal had a large net trade with Spain in the exports of Textiles ($2.32M), Animal Hides ($298k), and Metals ($173k).

During 2017, Spain had a large net trade with Nepal in the exports of Machines ($3.96M), Chemical Products ($1.54M), and Foodstuffs ($1.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Spain+$1.32MNon-Knit Women's Suits
Top Product Potential Spain Nepal+$849kBeauty Products

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

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

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