Nepal (NPL) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Nepal-Philippines Trade: In 2023, Nepal exported $145k to Philippines. The main products that Nepal exported to Philippines were Knotted Carpets ($107k), Animal Food ($8.17k), and Packaged Medicaments ($7.51k). Over the past 5 years the exports of Nepal to Philippines have increased at an annualized rate of 17%, from $66.2k in 2018 to $145k in 2023.

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

Philippines-Nepal Trade: In 2023, Philippines exported $2.57M to Nepal. The main products that Philippines exported to Nepal were Palm Oil ($405k), Packaged Medicaments ($367k), and Motorcycles and cycles ($346k). Over the past 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 15.8%, from $6.09M in 2018 to $2.57M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $145k to Philippines. The main products exported from Nepal to Philippines were Knotted Carpets ($107k), Animal Food ($8.17k), and Packaged Medicaments ($7.51k). During the last 5 years the exports of Nepal to Philippines have increased at an annualized rate of 17%, from $66.2k in 2018 to $145k in 2023.

In 2018, Philippines exported $2.57M to Nepal. The main products exported from Philippines to Nepal were Palm Oil ($405k), Packaged Medicaments ($367k), and Motorcycles and cycles ($346k). During the last 5 years the exports of Philippines to Nepal have decreased at an annualized rate of 15.8%, from $6.09M in 2023 to $2.57M in 2018.

Exports from Nepal () to Philippines () (2023)

Exports from Philippines () to Nepal () (2023)

Latest Data

Trade between Nepal () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Nepal included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Nepal - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Philippines in the exports of Textiles ($121k), Foodstuffs ($8.17k), and Chemical Products ($7.51k).

During 2018, Philippines had a large net trade with Nepal in the exports of Animal and Vegetable Bi-Products ($574k), Chemical Products ($498k), and Foodstuffs ($396k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Philippines+$134kAnimal Food

Top Product Potential Philippines Nepal+$1.3MIndustrial Printers

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Philippines () (2023)

Exports from Philippines () to Nepal () (2023)

Latest Data

Trade between Nepal () and Philippines ()

Philippines Exports

Market Competitiveness

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

Comparative Advantage Nepal - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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