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2022
Flag → Flag
Exports $5.29MRnk 37 / 149
2022
Flag → Flag
Top Product $506kPerfume Plants
2022
Flag → Flag
Exports $72.2MRnk 98 / 152
2022
Flag → Flag
Top Product $11.2MSoybean Oil
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
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GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Nepal-Vietnam Trade: In 2022, Nepal exported $5.29M to Vietnam. The main products that Nepal exported to Vietnam were Perfume Plants ($506k), Non-Retail Synthetic Staple Fibers Yarn ($336k), and Tanned Equine and Bovine Hides ($156k). Over the past 5 years the exports of Nepal to Vietnam have increased at an annualized rate of 116%, from $114k in 2017 to $5.29M in 2022.

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

Vietnam-Nepal Trade: In 2022, Vietnam exported $72.2M to Nepal. The main products that Vietnam exported to Nepal were Soybean Oil ($11.2M), Video Displays ($9.11M), and Household Washing Machines ($6.85M). Over the past 5 years the exports of Vietnam to Nepal have increased at an annualized rate of 298%,  from $72.2k in 2017 to $72.2M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $5.29M to Vietnam. The main products exported from Nepal to Vietnam were Perfume Plants ($506k), Non-Retail Synthetic Staple Fibers Yarn ($336k), and Tanned Equine and Bovine Hides ($156k). During the last 5 years the exports of Nepal to Vietnam have increased at an annualized rate of 116%, from $114k in 2017 to $5.29M in 2022.

In 2017, Vietnam exported $72.2M to Nepal. The main products exported from Vietnam to Nepal were Soybean Oil ($11.2M), Video Displays ($9.11M), and Household Washing Machines ($6.85M). During the last 19 years the exports of Vietnam to Nepal have increased at an annualized rate of 298%, from $72.2k in 1998 to $72.2M in 2017.

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

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

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Nepal than Vietnam included Central African Republic ($8.88M), Bhutan ($3.99M), and Guinea ($194k).

In 2022, countries that imported more from Vietnam than Nepal included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Nepal - Vietnam

Flow
Scale

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

During 2022, Nepal had a large net trade with Vietnam in the exports of Vegetable Products ($509k), Textiles ($346k), and Animal Hides ($178k).

During 2017, Vietnam had a large net trade with Nepal in the exports of Machines ($23.2M), Animal and Vegetable Bi-Products ($11.3M), and Plastics and Rubbers ($8.35M).

Economic Complexity

Competitive Landscape

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

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

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