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Pricing

2022
Flag → Flag
Exports $14.1MRnk 110 / 138
2022
Flag → Flag
Top Product $5.52MPotassic Fertilizers
2022
Flag → Flag
Exports $1.31MRnk 36 / 149
2022
Flag → Flag
Top Product $663kTea
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Russia-Nepal Trade: In 2022, Russia exported $14.1M to Nepal. The main products that Russia exported to Nepal were Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). Over the past 5 years the exports of Russia to Nepal have decreased at an annualized rate of 0.042%, from $14.1M in 2017 to $14.1M in 2022.

In 2020, Russia exported services to Nepal worth $303k, with Transportation ($185k), Communications services ($51k), and Other business services ($28k) being the largest in terms of value.

Nepal-Russia Trade: In 2022, Nepal exported $1.31M to Russia. The main products that Nepal exported to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). Over the past 5 years the exports of Nepal to Russia have decreased at an annualized rate of 6.65%,  from $1.85M in 2017 to $1.31M in 2022.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $687k and imported $239k from Nepal, resulting in a positive trade balance of $448k. Between January 2021 and January 2022 the exports of Russia have decreased by $-71.8k (-9.46%) from $759k to $687k, while imports increased by $218k (1.05k%) from $20.7k to $239k.

Trade In January 2022, the top exports of Russia to Nepal were Soybean Oil ($334k), Polyacetals ($249k), Insulated Wire ($109k), Centrifuges ($32.3k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($14.2k). In January 2022 the top imports of Russia from Nepal were Shaving Products ($8.46k), Blankets ($3.94k), Knotted Carpets ($2.99k), Other Plastic Products ($2.31k), and Bells and Other Metal Ornaments ($1.22k).

Origins In January 2022 the exports of Russia were mainly from ROSTOV REGION ($265k), KRASNODAR TERRITORY ($247k), REPUBLIC OF BASHKORTOSTAN ($102k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($66.5k), and VLADIMIR REGION ($6.66k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($232k) and MOSCOW REGION ($7.29k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Low-voltage Protection Equipment ($-28.1k or -77.4%) and Phosphinates (hypophosphites) and phosphonates (phosphites) ($-1.14k or -7.45%). In January 2022, the increase in Russia's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Blankets ($2.79k or 242%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-71.8k(-9.46%)
IMPORT GROWTH (January 2021 - January 2022)$218k(1.05k%)
MAIN EXPORTER (January 2022)ROSTOV REGION$265k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Nepal and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $14.1M to Nepal. The main products exported from Russia to Nepal were Potassic Fertilizers ($5.52M), Spice Seeds ($3.25M), and Seed Oils ($3.2M). During the last 5 years the exports of Russia to Nepal have decreased at an annualized rate of 0.042%, from $14.1M in 2017 to $14.1M in 2022.

In 2017, Nepal exported $1.31M to Russia. The main products exported from Nepal to Russia were Tea ($663k), Knotted Carpets ($558k), and Percussion ($28.3k). During the last 5 years the exports of Nepal to Russia have decreased at an annualized rate of 6.65%, from $1.85M in 2022 to $1.31M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Russia than Nepal included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Nepal than Russia included Central African Republic ($8.88M), Bangladesh ($4.12M), and Bhutan ($3.99M).

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

Comparative Advantage Russia - Nepal

Flow
Scale

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

During 2022, Russia had a large net trade with Nepal in the exports of Chemical Products ($5.57M), Animal and Vegetable Bi-Products ($3.59M), and Vegetable Products ($3.45M).

During 2017, Nepal had a large net trade with Russia in the exports of Vegetable Products ($666k), Textiles ($587k), and Instruments ($30.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Nepal+$2.77MSeed Oils
Top Product Potential Nepal Russia+$873kTea

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

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

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

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