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Pricing

2022
Flag → Flag
Exports $14.4kRnk 111 / 149
2022
Flag → Flag
Top Product $14.4kPackaged Medicaments
2022
Flag → Flag
Exports $184kRnk 82 / 126
2022
Flag → Flag
Top Product $171kDried Legumes
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Nepal-Venezuela Trade: In 2022, Nepal exported $14.4k to Venezuela. The main products that Nepal exported to Venezuela were Packaged Medicaments ($14.4k). Over the past 8 years the exports of Nepal to Venezuela have decreased at an annualized rate of 6.6%, from $24.9k in 2014 to $14.4k in 2022.

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

Venezuela-Nepal Trade: In 2022, Venezuela exported $184k to Nepal. The main products that Venezuela exported to Nepal were Dried Legumes ($171k), Medical Instruments ($9.31k), and Low-voltage Protection Equipment ($3.04k). Over the past 8 years the exports of Venezuela to Nepal have decreased at an annualized rate of 6.58%,  from $259k in 2014 to $184k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $14.4k to Venezuela. The main products exported from Nepal to Venezuela were Packaged Medicaments ($14.4k). During the last 8 years the exports of Nepal to Venezuela have decreased at an annualized rate of 6.6%, from $24.9k in 2014 to $14.4k in 2022.

In 2017, Venezuela exported $184k to Nepal. The main products exported from Venezuela to Nepal were Dried Legumes ($171k), Medical Instruments ($9.31k), and Low-voltage Protection Equipment ($3.04k). During the last 5 years the exports of Venezuela to Nepal have decreased at an annualized rate of 6.58%, from $259k in 2022 to $184k in 2017.

Exports from Nepal (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Nepal (Flag) (2022)

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Nepal than Venezuela included India ($956M), Singapore ($25.5M), and United Kingdom ($26.2M).

In 2022, countries that imported more from Venezuela than Nepal included China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela (Flag) and Nepal (Flag) (2022)

Comparative Advantage Nepal - Venezuela

Flow
Scale

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

During 2022, Nepal had a large net trade with Venezuela in the exports of Chemical Products ($14.4k).

During 2017, Venezuela had a large net trade with Nepal in the exports of Vegetable Products ($171k), Instruments ($9.42k), and Machines ($3.11k).

Economic Complexity

Competitive Landscape

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

Product Space of Nepal (Flag) and Venezuela (Flag) (2022)

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