Nepal (NPL) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Nepal-Sweden Trade: In 2023, Nepal exported $2.08M to Sweden. The main products that Nepal exported to Sweden were Felt ($547k), Knit Sweaters ($194k), and Non-Knit Men's Suits ($156k). Over the past 5 years the exports of Nepal to Sweden have increased at an annualized rate of 8.7%, from $1.37M in 2018 to $2.08M in 2023.

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

Sweden-Nepal Trade: In 2023, Sweden exported $9.13M to Nepal. The main products that Sweden exported to Nepal were Scrap Iron ($5.79M), Other Plastic Products ($821k), and Scrap Copper ($402k). Over the past 5 years the exports of Sweden to Nepal have increased at an annualized rate of 12.4%, from $5.1M in 2018 to $9.13M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $2.08M to Sweden. The main products exported from Nepal to Sweden were Felt ($547k), Knit Sweaters ($194k), and Non-Knit Men's Suits ($156k). During the last 5 years the exports of Nepal to Sweden have increased at an annualized rate of 8.7%, from $1.37M in 2018 to $2.08M in 2023.

In 2018, Sweden exported $9.13M to Nepal. The main products exported from Sweden to Nepal were Scrap Iron ($5.79M), Other Plastic Products ($821k), and Scrap Copper ($402k). During the last 5 years the exports of Sweden to Nepal have increased at an annualized rate of 12.4%, from $5.1M in 2023 to $9.13M in 2018.

Exports from Nepal () to Sweden () (2023)

Exports from Sweden () to Nepal () (2023)

Latest Data

Trade between Nepal () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Sweden
Top DestinationGermany$18.4B

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

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

In 2023, countries that imported more from Sweden than Nepal included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Nepal - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Sweden in the exports of Textiles ($1.68M), Paper Goods ($130k), and Miscellaneous ($66.3k).

During 2018, Sweden had a large net trade with Nepal in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Sweden+$371kKnit Sweaters

Top Product Potential Sweden Nepal+$362kExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Sweden () (2023)

Exports from Sweden () to Nepal () (2023)

Latest Data

Trade between Nepal () and Sweden ()

Sweden Exports

Market Competitiveness

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

Comparative Advantage Nepal - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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