New Zealand (NZL) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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New Zealand-Nepal Trade: In 2023, New Zealand exported $13.3M to Nepal. The main products that New Zealand exported to Nepal were Wool ($8.86M), Poultry ($2.05M), and Lifting Machinery ($1.27M). Over the past 5 years the exports of New Zealand to Nepal have decreased at an annualized rate of 1.05%, from $14.1M in 2018 to $13.3M in 2023.

In 2023, New Zealand did not export any services to Nepal.

Nepal-New Zealand Trade: In 2023, Nepal exported $1.28M to New Zealand. The main products that Nepal exported to New Zealand were Knotted Carpets ($176k), Non-Knit Women's Suits ($109k), and Wheat Flours ($108k). Over the past 5 years the exports of Nepal to New Zealand have decreased at an annualized rate of 0.85%, from $1.33M in 2018 to $1.28M in 2023.

In 2023, Nepal did not export any services to New Zealand.

Comparison In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $13.3M to Nepal. The main products exported from New Zealand to Nepal were Wool ($8.86M), Poultry ($2.05M), and Lifting Machinery ($1.27M). During the last 5 years the exports of New Zealand to Nepal have decreased at an annualized rate of 1.05%, from $14.1M in 2018 to $13.3M in 2023.

In 2018, Nepal exported $1.28M to New Zealand. The main products exported from Nepal to New Zealand were Knotted Carpets ($176k), Non-Knit Women's Suits ($109k), and Wheat Flours ($108k). During the last 5 years the exports of Nepal to New Zealand have decreased at an annualized rate of 0.85%, from $1.33M in 2023 to $1.28M in 2018.

Exports from New Zealand () to Nepal () (2023)

Exports from Nepal () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Nepal ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from New Zealand than Nepal included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

In 2023, countries that imported more from Nepal than New Zealand included India ($811M) and Lesotho ($16.2k).

Difference in imports from Nepal () and New Zealand () (2023)

Comparative Advantage New Zealand - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Nepal in the exports of Textiles ($8.86M), Animal Products ($2.06M), and Machines ($1.68M).

During 2018, Nepal had a large net trade with New Zealand in the exports of Textiles ($738k), Footwear and Headwear ($186k), and Vegetable Products ($110k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Nepal+$313kConcentrated Milk

Top Product Potential Nepal New Zealand+$234kKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Nepal () (2023)

Exports from Nepal () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Nepal ()

New Zealand Exports

Market Competitiveness

Difference in imports from Nepal () and New Zealand () (2023)

Comparative Advantage New Zealand - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Nepal () (2023)

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