Nepal (NPL) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Nepal-Ireland Trade: In 2023, Nepal exported $1.26M to Ireland. The main products that Nepal exported to Ireland were Knit Sweaters ($224k), Knitted Hats ($142k), and Vaccines, blood, antisera, toxins and cultures ($84.1k). Over the past 5 years the exports of Nepal to Ireland have increased at an annualized rate of 15%, from $627k in 2018 to $1.26M in 2023.

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

Ireland-Nepal Trade: In 2023, Ireland exported $1.01M to Nepal. The main products that Ireland exported to Nepal were Special Pharmaceuticals ($474k), Scrap Iron ($187k), and Chemical Analysis Instruments ($130k). Over the past 5 years the exports of Ireland to Nepal have decreased at an annualized rate of 26.3%, from $4.66M in 2018 to $1.01M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $1.26M to Ireland. The main products exported from Nepal to Ireland were Knit Sweaters ($224k), Knitted Hats ($142k), and Vaccines, blood, antisera, toxins and cultures ($84.1k). During the last 5 years the exports of Nepal to Ireland have increased at an annualized rate of 15%, from $627k in 2018 to $1.26M in 2023.

In 2018, Ireland exported $1.01M to Nepal. The main products exported from Ireland to Nepal were Special Pharmaceuticals ($474k), Scrap Iron ($187k), and Chemical Analysis Instruments ($130k). During the last 5 years the exports of Ireland to Nepal have decreased at an annualized rate of 26.3%, from $4.66M in 2023 to $1.01M in 2018.

Exports from Nepal () to Ireland () (2023)

Exports from Ireland () to Nepal () (2023)

Latest Data

Trade between Nepal () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Nepal than Ireland included India ($811M).

In 2023, countries that imported more from Ireland than Nepal included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Nepal - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Ireland in the exports of Textiles ($857k), Footwear and Headwear ($160k), and Chemical Products ($88.2k).

During 2018, Ireland had a large net trade with Nepal in the exports of Chemical Products ($539k), Instruments ($226k), and Metals ($187k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Ireland+$431kKnit Sweaters

Top Product Potential Ireland Nepal+$2.66MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Ireland () (2023)

Exports from Ireland () to Nepal () (2023)

Latest Data

Trade between Nepal () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Nepal - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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