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2022
Exports $7.32MWorld Rnk 40 / 200
Flag Rnk 30 / 95
2022
Destination $123k United States
2021 - 2022
FASTEST GROWING MARKET $123kUnited States
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $2.93MWorld Rnk 86 / 224
Flag Rnk 79 / 96
2022
Origin $551k China
2021 - 2022
FASTEST GROWING ORIGIN $551kChina

About

Exports In 2022, Nepal exported $7.32M in Musical instruments, making it the 40th largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 30th most exported product in Nepal. The main destination of Musical instruments exports from Nepal are: United States ($2.57M), Germany ($1.04M), China ($417k), France ($395k), and United Kingdom ($323k).

The fastest growing export markets for Musical instruments of Nepal between 2021 and 2022 were United States ($123k), France ($112k), and Canada ($93.4k).

Imports In 2022, Nepal imported $2.93M in Musical instruments, becoming the 86th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 79th most imported product in Nepal. Nepal imports Musical instruments primarily from: China ($1.61M), India ($893k), Indonesia ($130k), United States ($116k), and Hong Kong ($39.1k).

The fastest growing import markets in Musical instruments for Nepal between 2021 and 2022 were China ($551k), India ($114k), and United States ($37.1k).

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 Musical instruments. 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)$7.32M
IMPORTS (2022)$2.93M
NET TRADE (2022)$4.39M

In 2022, Nepal exported $7.32M in Musical instruments. The main destinations of Nepal exports on Musical instruments were United States ($2.57M), Germany ($1.04M), China ($417k), France ($395k), and United Kingdom ($323k).

In 2022, Nepal imported $2.93M in Musical instruments, mainly from China ($1.61M), India ($893k), Indonesia ($130k), United States ($116k), and Hong Kong ($39.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
United States$123k (5.03%)
France$112k (39.5%)
Canada$93.4k (54.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Nepal WERE (2021 - 2022):
Chile-$48.7k (-45.5%)
Switzerland-$42.7k (-15.8%)
South Korea-$37.3k (-24.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Nepal's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $607k
TOP IMPORT POTENTIALChina+ $1.18M

Musical instruments’s highest export potential is United States. With an export gap of $607k.   Musical instruments’s highest import potential is China with an import gap of $1.18M.

See methodology.

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