2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186

About

Denmark-Nepal Trade: In 2022, Denmark exported $3.84M to Nepal. The main products that Denmark exported to Nepal were Malt ($370k), Medical Instruments ($347k), and Office Machine Parts ($263k). Over the past 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 17.6%, from $10.1M in 2017 to $3.84M in 2022.

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

Nepal-Denmark Trade: In 2022, Nepal exported $8.07M to Denmark. The main products that Nepal exported to Denmark were Felt ($3.01M), Other Cloth Articles ($1.3M), and Knit Sweaters ($1.22M). Over the past 5 years the exports of Nepal to Denmark have increased at an annualized rate of 13.9%,  from $4.21M in 2017 to $8.07M in 2022.

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

Comparison In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01),  and 37 in total exports ($122B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $3.84M to Nepal. The main products exported from Denmark to Nepal were Malt ($370k), Medical Instruments ($347k), and Office Machine Parts ($263k). During the last 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 17.6%, from $10.1M in 2017 to $3.84M in 2022.

In 2017, Nepal exported $8.07M to Denmark. The main products exported from Nepal to Denmark were Felt ($3.01M), Other Cloth Articles ($1.3M), and Knit Sweaters ($1.22M). During the last 5 years the exports of Nepal to Denmark have increased at an annualized rate of 13.9%, from $4.21M in 2022 to $8.07M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Nepal (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Nepal
Top Destination
India$956M

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

In 2022, countries that imported more from Denmark than Nepal included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Nepal than Denmark included India ($956M), Bhutan ($3.99M), and Saint Helena ($435).

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

Comparative Advantage Denmark - Nepal

Flow
Scale

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

During 2022, Denmark had a large net trade with Nepal in the exports of Machines ($1.17M), Instruments ($674k), and Chemical Products ($528k).

During 2017, Nepal had a large net trade with Denmark in the exports of Textiles ($6.97M), Footwear and Headwear ($538k), and Machines ($161k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Nepal+$725kMedical Instruments
Top Product Potential Nepal Denmark+$905kKnit Sweaters

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

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

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