2022
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GDP
$40.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.1%CURRENT US$
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 GDP
$2.14TCURRENT US$
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GDP GROWTH
17%CURRENT US$
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GDP PC 
$1,337CURRENT US$
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GDP PC GROWTH
68.3%CURRENT US$
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GDP PC
$54,966CURRENT US$
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4.36%CURRENT US$
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About

Nepal-Canada Trade: In 2022, Nepal exported $13.2M to Canada. The main products that Nepal exported to Canada were Animal Food ($2.53M), Knotted Carpets ($2.47M), and Spark-Ignition Engines ($891k). Over the past 5 years the exports of Nepal to Canada have increased at an annualized rate of 5.28%, from $10.2M in 2017 to $13.2M in 2022.

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

Canada-Nepal Trade: In 2022, Canada exported $66.9M to Nepal. The main products that Canada exported to Nepal were Spark-Ignition Engines ($23.5M), Soybeans ($14.2M), and Gas Turbines ($8.62M). Over the past 5 years the exports of Canada to Nepal have increased at an annualized rate of 6.92%,  from $47.9M in 2017 to $66.9M in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $13.2M to Canada. The main products exported from Nepal to Canada were Animal Food ($2.53M), Knotted Carpets ($2.47M), and Spark-Ignition Engines ($891k). During the last 5 years the exports of Nepal to Canada have increased at an annualized rate of 5.28%, from $10.2M in 2017 to $13.2M in 2022.

In 2017, Canada exported $66.9M to Nepal. The main products exported from Canada to Nepal were Spark-Ignition Engines ($23.5M), Soybeans ($14.2M), and Gas Turbines ($8.62M). During the last 5 years the exports of Canada to Nepal have increased at an annualized rate of 6.92%, from $47.9M in 2022 to $66.9M in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Nepal than Canada included Central African Republic ($8.88M), Bhutan ($3.99M), and Saint Helena ($435).

In 2022, countries that imported more from Canada than Nepal included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Nepal - Canada

Flow
Scale

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

During 2022, Nepal had a large net trade with Canada in the exports of Textiles ($7.13M), Foodstuffs ($2.91M), and Machines ($916k).

During 2017, Canada had a large net trade with Nepal in the exports of Machines ($32.7M), Vegetable Products ($19M), and Transportation ($7.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Canada+$1.71MAnimal Food
Top Product Potential Canada Nepal+$2MDried Legumes

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

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

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