Nepal (NPL) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Nepal-Spain Trade: In 2023, Nepal exported $3.12M to Spain. The main products that Nepal exported to Spain were Scarves ($387k), Trunks and Cases ($347k), and Other Knit Clothing Accessories ($297k). Over the past 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.24%, from $3.5M in 2018 to $3.12M in 2023.

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

Spain-Nepal Trade: In 2023, Spain exported $6.56M to Nepal. The main products that Spain exported to Nepal were Special purpose motor vehicles ($592k), Other Agricultural Machinery ($481k), and Beauty Products ($407k). Over the past 5 years the exports of Spain to Nepal have decreased at an annualized rate of 6.83%, from $9.35M in 2018 to $6.56M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $3.12M to Spain. The main products exported from Nepal to Spain were Scarves ($387k), Trunks and Cases ($347k), and Other Knit Clothing Accessories ($297k). During the last 5 years the exports of Nepal to Spain have decreased at an annualized rate of 2.24%, from $3.5M in 2018 to $3.12M in 2023.

In 2018, Spain exported $6.56M to Nepal. The main products exported from Spain to Nepal were Special purpose motor vehicles ($592k), Other Agricultural Machinery ($481k), and Beauty Products ($407k). During the last 5 years the exports of Spain to Nepal have decreased at an annualized rate of 6.83%, from $9.35M in 2023 to $6.56M in 2018.

Exports from Nepal () to Spain () (2023)

Exports from Spain () to Nepal () (2023)

Latest Data

Trade between Nepal () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Spain than Nepal included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Nepal - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Spain in the exports of Textiles ($1.95M), Animal Hides ($347k), and Metals ($321k).

During 2018, Spain had a large net trade with Nepal in the exports of Machines ($1.56M), Chemical Products ($1.13M), and Instruments ($862k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Spain () (2023)

Exports from Spain () to Nepal () (2023)

Latest Data

Trade between Nepal () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Nepal - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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