Romania (ROU) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Romania-Nepal Trade: In 2023, Romania exported $10.7M to Nepal. The main products that Romania exported to Nepal were Seed Oils ($10.7M), Prefabricated Buildings ($27k), and Beauty Products ($4.37k). Over the past 5 years the exports of Romania to Nepal have increased at an annualized rate of 57.7%, from $1.1M in 2018 to $10.7M in 2023.

In 2023, Romania did not export any services to Nepal.

Nepal-Romania Trade: In 2023, Nepal exported $785k to Romania. The main products that Nepal exported to Romania were Coated Flat-Rolled Iron ($633k), Non-Knit Women's Suits ($54.4k), and Non-Knit Men's Suits ($22.7k). Over the past 5 years the exports of Nepal to Romania have increased at an annualized rate of 30.7%, from $206k in 2018 to $785k in 2023.

In 2023, Nepal did not export any services to Romania.

Comparison In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $10.7M to Nepal. The main products exported from Romania to Nepal were Seed Oils ($10.7M), Prefabricated Buildings ($27k), and Beauty Products ($4.37k). During the last 5 years the exports of Romania to Nepal have increased at an annualized rate of 57.7%, from $1.1M in 2018 to $10.7M in 2023.

In 2018, Nepal exported $785k to Romania. The main products exported from Nepal to Romania were Coated Flat-Rolled Iron ($633k), Non-Knit Women's Suits ($54.4k), and Non-Knit Men's Suits ($22.7k). During the last 5 years the exports of Nepal to Romania have increased at an annualized rate of 30.7%, from $206k in 2023 to $785k in 2018.

Exports from Romania () to Nepal () (2023)

Exports from Nepal () to Romania () (2023)

Latest Data

Trade between Romania () and Nepal ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Romania than Nepal included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Nepal than Romania included India ($811M), Lesotho ($16.2k), and Fiji ($26.6k).

Difference in imports from Nepal () and Romania () (2023)

Comparative Advantage Romania - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Nepal in the exports of Animal and Vegetable Bi-Products ($10.7M), Miscellaneous ($27k), and Chemical Products ($4.37k).

During 2018, Nepal had a large net trade with Romania in the exports of Metals ($635k), Textiles ($124k), and Animal Hides ($13.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Nepal+$602kPackaged Medicaments

Top Product Potential Nepal Romania+$781kCoated Flat-Rolled Iron

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Nepal () (2023)

Exports from Nepal () to Romania () (2023)

Latest Data

Trade between Romania () and Nepal ()

Romania Exports

Market Competitiveness

Difference in imports from Nepal () and Romania () (2023)

Comparative Advantage Romania - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Nepal () (2023)

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