Nepal (NPL) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Nepal-Russia Trade: In 2022, Nepal exported $1.31M to Russia. The main products that Nepal exported to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). Over the past 5 years the exports of Nepal to Russia have decreased at an annualized rate of 6.65%, from $1.85M in 2017 to $1.31M in 2022.

In 2022, Nepal did not export any services to Russia.

Russia-Nepal Trade: In 2022, Russia exported $14.1M to Nepal. The main products that Russia exported to Nepal were Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). Over the past 5 years the exports of Russia to Nepal have decreased at an annualized rate of 0.042%, from $14.1M in 2017 to $14.1M in 2022.

In 2020, Russia exported services to Nepal worth $303k, with Transportation ($185k), Communications services ($51k), and Other business services ($28k) being the largest in terms of value.

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $1.31M to Russia. The main products exported from Nepal to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). During the last 5 years the exports of Nepal to Russia have decreased at an annualized rate of 6.65%, from $1.85M in 2017 to $1.31M in 2022.

In 2017, Russia exported $14.1M to Nepal. The main products exported from Russia to Nepal were Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). During the last 5 years the exports of Russia to Nepal have decreased at an annualized rate of 0.042%, from $14.1M in 2022 to $14.1M in 2017.

Exports from Nepal () to Russia () (2022)

Exports from Russia () to Nepal () (2022)

Latest Data

Trade between Nepal () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Nepal than Russia included Central African Republic ($8.88M), Bangladesh ($4.12M), and Bhutan ($3.99M).

In 2022, countries that imported more from Russia than Nepal included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Nepal () (2022)

Comparative Advantage Nepal - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Russia in the exports of Vegetable Products ($666k), Textiles ($587k), and Instruments ($30.1k).

During 2017, Russia had a large net trade with Nepal in the exports of Chemical Products ($5.57M), Animal and Vegetable Bi-Products ($3.59M), and Vegetable Products ($3.45M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Russia+$873kTea

Top Product Potential Russia Nepal+$2.77MSeed Oils

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Nepal worth $303k, with Transportation ($185k), Communications services ($51k), and Other business services ($28k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Nepal () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nepal and Russia. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Nepal.

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Russia () (2022)

Exports from Russia () to Nepal () (2022)

Latest Data

Trade between Nepal () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Nepal () (2022)

Comparative Advantage Nepal - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Nepal () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Nepal () and Russia () (2022)

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