NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2022
Economic Complexity
Research 0.23Rank 45 of 140
2023
Product
Exports | Imports $1.21B | $10.3B156 of 226 |  117 of 226
2023
Per Capita Product
Exports | Imports $40.8 | $346178 of 220 |  192 of 220

About

Overview In 2023 Nepal was the number 156 economy in the world in terms of total exports and the number 117 in total imports.

Exports The top exports of Nepal are Knotted Carpets ($97M), Non-Retail Synthetic Staple Fibers Yarn ($83.7M), Coated Flat-Rolled Iron ($79.8M), Palm Oil ($70.4M), and Nutmeg, mace and cardamons ($66.6M), exporting mostly to India ($811M), United States ($140M), Germany ($38.8M), China ($28.2M), and United Kingdom ($26.4M).

Imports The top imports of Nepal are Refined Petroleum ($1.66B), Petroleum Gas ($384M), Iron Reductions ($309M), Broadcasting Equipment ($265M), and Hot-Rolled Iron ($255M), importing mostly from India ($7.25B), China ($1.76B), United Arab Emirates ($266M), Singapore ($181M), and Germany ($100M).

In 2023, Nepal was the world's biggest importer of Bricks ($21.5M)

Location Nepal borders India and China by land.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Nepal.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Knotted Carpets$97M
Top Destination (2023)India$811M

In 2023, Nepal exported a total of $1.21B, making it the number 156 exporter in the world. During the last five reported years the exports of Nepal have changed by $286M from $925M in 2018 to $1.21B in 2023.

The most recent exports are led by Knotted Carpets ($97M), Non-Retail Synthetic Staple Fibers Yarn ($83.7M), Coated Flat-Rolled Iron ($79.8M), Palm Oil ($70.4M), and Nutmeg, mace and cardamons ($66.6M). The most common destination for the exports of Nepal are India ($811M), United States ($140M), Germany ($38.8M), China ($28.2M), and United Kingdom ($26.4M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
China$8.35M (+ 42%)
France$3.66M (+ 18.3%)
Switzerland$1.46M (+ 14.2%)
Fastest Growing Import Markets (2022 - 2023)
Singapore$91.7M (+ 102%)
Germany$54.3M (+ 118%)
Hong Kong$49.4M (+ 249%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Nepal Exports Services (2019)$1.62B
Nepal Imports Services (2019)$1.71B

In 2019, Nepal exported $1.62B worth of services. The top services exported by Nepal in 2019 were Travel ($695M), Other business services ($504M), Computer and information services ($185M), Transportation ($111M), and Government services, n.i.e. ($109M).

The top services imported by Nepal in 2019 were Travel ($703M), Transportation ($617M), Other business services ($248M), Insurance services ($68.5M), and Computer and information services ($40.4M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Research)0.23Rank 45 of 140

Most Specialized Products by RCA Index

Nepal has a high level of specialization in Knotted Carpets (1.95k), Nutmeg, mace and cardamons (1.14k), Non-Retail Synthetic Staple Fibers Yarn (325), Other Vegetable Products (277), and Non-Retail Artificial Staple Fibers Yarn (146). Specialization is measured using RCA, an index that takes the ratio between Nepal observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Nepal according to the product complexity index (PCI) are Copper Springs (1.55), Copper; articles thereof n.e.c. in chapter 74 (1.09), Metal-rolling mills and rolls therefor (1.02), Paintings, drawings, pastels, executed entirely by hand; not drawings of heading no.... (0.94), and Articles of plastics and articles of other materials of heading no. 3901... (0.86). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Nepal according to the relatedness index, were Knit Men's Shirts (0.24), Knit T-shirts (0.23), Knit Men's Undergarments (0.22), Cassava (0.22), and Non-Knit Men's Undergarments (0.22). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Nepal is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Nepal. These are products that tend to be co-exported with the products that Nepal exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms