Nepal (NPL) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Nepal-Georgia Trade: In 2023, Nepal exported $28.1k to Georgia. The main products that Nepal exported to Georgia were Non-Knit Women's Suits ($15.9k), Trunks and Cases ($3.47k), and Non-Knit Men's Shirts ($3.1k). Over the past 5 years the exports of Nepal to Georgia have increased at an annualized rate of 5.81%, from $21.2k in 2018 to $28.1k in 2023.

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

Georgia-Nepal Trade: In 2023, Georgia exported $300k to Nepal. The main products that Georgia exported to Nepal were N/A. Over the past 5 years the exports of Georgia to Nepal have increased at an annualized rate of 184%, from $566 in 2018 to $300k in 2023.

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $28.1k to Georgia. The main products exported from Nepal to Georgia were Non-Knit Women's Suits ($15.9k), Trunks and Cases ($3.47k), and Non-Knit Men's Shirts ($3.1k). During the last 5 years the exports of Nepal to Georgia have increased at an annualized rate of 5.81%, from $21.2k in 2018 to $28.1k in 2023.

In 2017, Georgia exported $300k to Nepal. There were not main exports from Georgia to Nepal in 2017. During the last 5 years the exports of Georgia to Nepal have increased at an annualized rate of 184%, from $566 in 2022 to $300k in 2017.

Exports from Nepal () to Georgia () (2023)

Exports from Georgia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Nepal than Georgia included India ($811M), United States ($140M), and Australia ($12.5M).

In 2023, countries that imported more from Georgia than Nepal included Azerbaijan ($828M), Turkey ($733M), and Armenia ($712M).

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

Comparative Advantage Nepal - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Georgia in the exports of Textiles ($20.2k), Animal Hides ($3.47k), and Vegetable Products ($2.5k).

During 2017, Georgia had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Georgia+$26.1kNon-Knit Women's Suits

Top Product Potential Georgia Nepal+$6.62kOrthopedic Appliances

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Georgia () (2023)

Exports from Georgia () to Nepal () (2023)

Latest Data

Trade between Nepal () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Nepal - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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