2022
Exports
$387MWorld Rnk 56 / 210
Flag Rnk 1 / 95
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$592MWorld Rnk 62 / 224
Flag Rnk 5 / 96

About

Exports In 2022, Nepal exported $387M in Animal or vegetable fats, oils, & waxes, making it the 56th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 1st most exported product in Nepal. The main destination of Animal or vegetable fats, oils, & waxes exports from Nepal are: India ($387M), Australia ($41.7k), United States ($17.5k), Chinese Taipei ($12.8k), and Slovenia ($6.46k).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Nepal between 2021 and 2022 were United States ($17.5k), China ($5.04k), and Slovenia ($4.69k).

Imports In 2022, Nepal imported $592M in Animal or vegetable fats, oils, & waxes, becoming the 62nd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 5th most imported product in Nepal. Nepal imports Animal or vegetable fats, oils, & waxes primarily from: Argentina ($205M), Indonesia ($183M), Brazil ($63.8M), Malaysia ($42.3M), and Paraguay ($25.9M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Nepal between 2021 and 2022 were Brazil ($16.4M), Vietnam ($11M), and Italy ($6.65M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$387M
IMPORTS (2022)$592M
NET TRADE (2022)-$206M

In 2022, Nepal exported $387M in Animal or vegetable fats, oils, & waxes. The main destinations of Nepal exports on Animal or vegetable fats, oils, & waxes were India ($387M), Australia ($41.7k), United States ($17.5k), Chinese Taipei ($12.8k), and Slovenia ($6.46k).

In 2022, Nepal imported $592M in Animal or vegetable fats, oils, & waxes, mainly from Argentina ($205M), Indonesia ($183M), Brazil ($63.8M), Malaysia ($42.3M), and Paraguay ($25.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
United States$17.5k (1%)
China$5.04k (1.51k%)
Slovenia$4.69k (265%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Nepal WERE (2021 - 2022):
India-$505M (-56.6%)
France-$4.89k (-100%)
Germany-$3.35k (-43.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Nepal's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $209M
TOP IMPORT POTENTIALMalaysia+ $10.6M

Animal or vegetable fats, oils, & waxes’s highest export potential is India. With an export gap of $209M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Malaysia with an import gap of $10.6M.

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