Singapore (SGP) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Singapore-Nepal Trade: In 2023, Singapore exported $181M to Nepal. The main products that Singapore exported to Nepal were Broadcasting Equipment ($32M), Gas Turbines ($25.2M), and Other Edible Preparations ($24.8M). Over the past 5 years the exports of Singapore to Nepal have increased at an annualized rate of 18.8%, from $76.6M in 2018 to $181M in 2023.

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

Nepal-Singapore Trade: In 2023, Nepal exported $5.71M to Singapore. The main products that Nepal exported to Singapore were Perfume Plants ($2.54M), Sculptures ($1.1M), and Packaged Medicaments ($297k). Over the past 5 years the exports of Nepal to Singapore have increased at an annualized rate of 7.81%, from $3.92M in 2018 to $5.71M in 2023.

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

Comparison In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $181M to Nepal. The main products exported from Singapore to Nepal were Broadcasting Equipment ($32M), Gas Turbines ($25.2M), and Other Edible Preparations ($24.8M). During the last 5 years the exports of Singapore to Nepal have increased at an annualized rate of 18.8%, from $76.6M in 2018 to $181M in 2023.

In 2018, Nepal exported $5.71M to Singapore. The main products exported from Nepal to Singapore were Perfume Plants ($2.54M), Sculptures ($1.1M), and Packaged Medicaments ($297k). During the last 5 years the exports of Nepal to Singapore have increased at an annualized rate of 7.81%, from $3.92M in 2023 to $5.71M in 2018.

Exports from Singapore () to Nepal () (2023)

Exports from Nepal () to Singapore () (2023)

Latest Data

Trade between Singapore () and Nepal ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Singapore than Nepal included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Nepal than from Singapore.

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

Comparative Advantage Singapore - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Nepal in the exports of Machines ($95.6M), Foodstuffs ($38M), and Transportation ($17.1M).

During 2018, Nepal had a large net trade with Singapore in the exports of Vegetable Products ($2.84M), Arts and Antiques ($1.13M), and Textiles ($650k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Nepal+$17.3MRefined Petroleum

Top Product Potential Nepal Singapore+$479kGas Turbines

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Nepal () (2023)

Exports from Nepal () to Singapore () (2023)

Latest Data

Trade between Singapore () and Nepal ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Singapore - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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