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Pricing

2023
Flag → Flag
Exports $811MRnk 1 / 111
2023
Flag → Flag
Top Product $79.2MCoated Flat-Rolled Iron
2023
Flag → Flag
Exports $7.25BRnk 16 / 220
2023
Flag → Flag
Top Product $1.65BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $1,378CURRENT US$
Rnk 169 / 195
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Nepal-India Trade: In 2023, Nepal exported $811M to India. The main products that Nepal exported to India were Coated Flat-Rolled Iron ($79.2M), Non-Retail Synthetic Staple Fibers Yarn ($70.4M), and Palm Oil ($70.3M). Over the past 5 years the exports of Nepal to India have increased at an annualized rate of 9.97%, from $505M in 2018 to $811M in 2023.

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

India-Nepal Trade: In 2023, India exported $7.25B to Nepal. The main products that India exported to Nepal were Refined Petroleum ($1.65B), Petroleum Gas ($384M), and Iron Reductions ($309M). Over the past 5 years the exports of India to Nepal have decreased at an annualized rate of 2.69%,  from $8.31B in 2018 to $7.25B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nepal exported $811M to India. The main products exported from Nepal to India were Coated Flat-Rolled Iron ($79.2M), Non-Retail Synthetic Staple Fibers Yarn ($70.4M), and Palm Oil ($70.3M). During the last 5 years the exports of Nepal to India have increased at an annualized rate of 9.97%, from $505M in 2018 to $811M in 2023.

In 2018, India exported $7.25B to Nepal. The main products exported from India to Nepal were Refined Petroleum ($1.65B), Petroleum Gas ($384M), and Iron Reductions ($309M). During the last 5 years the exports of India to Nepal have decreased at an annualized rate of 2.69%, from $8.31B in 2023 to $7.25B in 2018.

Exports from Nepal (Flag) to India (Flag) (2023)

Exports from India (Flag) to Nepal (Flag) (2023)

Latest Data

Trade between Nepal (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$811M
India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Nepal included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Nepal (Flag) (2023)

Comparative Advantage Nepal - India

Flow
Scale

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

During 2023, Nepal had a large net trade with India in the exports of Textiles ($146M), Vegetable Products ($139M), and Metals ($123M).

During 2018, India had a large net trade with Nepal in the exports of Mineral Products ($2.36B), Metals ($1.16B), and Machines ($702M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal India+$105MPalm Oil
Top Product Potential India Nepal+$431MRefined Petroleum

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

Product Space of Nepal (Flag) and India (Flag) (2023)

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