Peru (PER) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Peru-Nepal Trade: In 2022, Peru exported $317k to Nepal. The main products that Peru exported to Nepal were Prepared Wool or Animal Hair ($109k), Non-Retail Mixed Cotton Yarn ($47.4k), and Wool ($37.1k). Over the past 5 years the exports of Peru to Nepal have decreased at an annualized rate of 4.05%, from $390k in 2017 to $317k in 2022.

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

Nepal-Peru Trade: In 2022, Nepal exported $53.8k to Peru. The main products that Nepal exported to Peru were Scarves ($23.6k), Knit Sweaters ($22.3k), and Percussion ($4.37k). Over the past 5 years the exports of Nepal to Peru have decreased at an annualized rate of 21.8%, from $184k in 2017 to $53.8k in 2022.

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

Comparison In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Nepal ranked 153 in total exports ($1.43B), 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 2022, Peru exported $317k to Nepal. The main products exported from Peru to Nepal were Prepared Wool or Animal Hair ($109k), Non-Retail Mixed Cotton Yarn ($47.4k), and Wool ($37.1k). During the last 5 years the exports of Peru to Nepal have decreased at an annualized rate of 4.05%, from $390k in 2017 to $317k in 2022.

In 2017, Nepal exported $53.8k to Peru. The main products exported from Nepal to Peru were Scarves ($23.6k), Knit Sweaters ($22.3k), and Percussion ($4.37k). During the last 5 years the exports of Nepal to Peru have decreased at an annualized rate of 21.8%, from $184k in 2022 to $53.8k in 2017.

Exports from Peru () to Nepal () (2022)

Exports from Nepal () to Peru () (2022)

Latest Data

Trade between Peru () and Nepal ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Peru than Nepal included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Nepal than Peru included Central African Republic ($8.88M), Bhutan ($3.99M), and Burma ($1.64M).

Difference in imports from Nepal () and Peru () (2022)

Comparative Advantage Peru - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Nepal in the exports of Textiles ($264k), Foodstuffs ($27.6k), and Chemical Products ($24k).

During 2017, Nepal had a large net trade with Peru in the exports of Textiles ($45.9k), Instruments ($4.37k), and Miscellaneous ($2.22k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Nepal+$37.4kSauces and Seasonings

Top Product Potential Nepal Peru+$59.5kKnit 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 Peru and Nepal. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Nepal () (2022)

Exports from Nepal () to Peru () (2022)

Latest Data

Trade between Peru () and Nepal ()

Peru Exports

Market Competitiveness

Difference in imports from Nepal () and Peru () (2022)

Comparative Advantage Peru - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Nepal () (2022)

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