Nepal (NPL) and United States (USA) Trade | The Observatory of Economic Complexity

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Nepal-United States Trade: In 2023, Nepal exported $140M to United States. The main products that Nepal exported to United States were Knotted Carpets ($54.2M), Animal Food ($24.5M), and Other Cloth Articles ($10.3M). Over the past 5 years the exports of Nepal to United States have increased at an annualized rate of 4.98%, from $110M in 2018 to $140M in 2023.

In 2023, Nepal did not export any services to United States.

United States-Nepal Trade: In 2023, United States exported $52.4M to Nepal. The main products that United States exported to Nepal were Soybeans ($6.78M), Soybean Meal ($6.47M), and Computers ($5.71M). Over the past 5 years the exports of United States to Nepal have decreased at an annualized rate of 11%, from $93.8M in 2018 to $52.4M in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nepal exported $140M to United States. The main products exported from Nepal to United States were Knotted Carpets ($54.2M), Animal Food ($24.5M), and Other Cloth Articles ($10.3M). During the last 5 years the exports of Nepal to United States have increased at an annualized rate of 4.98%, from $110M in 2018 to $140M in 2023.

In 2018, United States exported $52.4M to Nepal. The main products exported from United States to Nepal were Soybeans ($6.78M), Soybean Meal ($6.47M), and Computers ($5.71M). During the last 5 years the exports of United States to Nepal have decreased at an annualized rate of 11%, from $93.8M in 2023 to $52.4M in 2018.

Exports from Nepal () to United States () (2023)

Exports from United States () to Nepal () (2023)

Latest Data

Trade between Nepal () and United States ()

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

United States
Top DestinationCanada$269B

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

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

In 2023, countries that imported more from United States than Nepal included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States () and Nepal () (2023)

Comparative Advantage Nepal - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with United States in the exports of Textiles ($86M), Foodstuffs ($27.1M), and Miscellaneous ($6.79M).

During 2018, United States had a large net trade with Nepal in the exports of Foodstuffs ($11.1M), Machines ($9.89M), and Vegetable Products ($8.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal United States+$8.31MNon-Knit Women's Suits

Top Product Potential United States Nepal+$11.5MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to United States () (2023)

Exports from United States () to Nepal () (2023)

Latest Data

Trade between Nepal () and United States ()

United States Exports

Market Competitiveness

Difference in imports from United States () and Nepal () (2023)

Comparative Advantage Nepal - United States

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and United States () (2023)

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