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Pricing

2022
Flag → Flag
Exports $55.3MRnk 127 / 220
2022
Flag → Flag
Top Product $12.5MCars
2022
Flag → Flag
Exports $4.47MRnk 20 / 149
2022
Flag → Flag
Top Product $641kFelt
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

South Korea-Nepal Trade: In 2022, South Korea exported $55.3M to Nepal. The main products that South Korea exported to Nepal were Cars ($12.5M), Medical Instruments ($4.16M), and Gold ($3.53M). Over the past 5 years the exports of South Korea to Nepal have decreased at an annualized rate of 7.83%, from $83.1M in 2017 to $55.3M in 2022.

In 2022, South Korea did not export any services to Nepal.

Nepal-South Korea Trade: In 2022, Nepal exported $4.47M to South Korea. The main products that Nepal exported to South Korea were Felt ($641k), Fake Hair ($508k), and Raw Tobacco ($315k). Over the past 5 years the exports of Nepal to South Korea have increased at an annualized rate of 12.2%,  from $2.51M in 2017 to $4.47M in 2022.

In 2022, Nepal did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $2.42M and imported $663k from Nepal, resulting in a positive trade balance of $1.76M. Between July 2023 and July 2024 the exports of South Korea have increased by $379k (18.6%) from $2.04M to $2.42M, while imports increased by $347k (110%) from $316k to $663k.

Trade In July 2024, the top exports of South Korea to Nepal were Cars, tractors, trucks & parts thereof. ($1.46M), Preparations of cereals, flour, starch or... ($232k), Pharmaceutical products ($232k), Optical, photo, & film equipment; medical... ($196k), and Perfumery & cosmetics ($192k). In July 2024 the top imports of South Korea from Nepal were Feather articles, feathers, artificial flowers, &... ($90k), Carpets & textile floor covers ($46k), Beverages, spirits, & vinegar ($42k), Used clothes & textile articles ($26k), and Toys, games, & sports ($20k).

Growth In July 2024, the increase in South Korea's year-by-year exports to Nepal was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($808k or 124%), Perfumery & cosmetics ($189k or 6.3k%), and Oils seeds, oleaginous fruits, grains, straw... ($51k or 729%). In July 2024, the increase in South Korea's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Beverages, spirits, & vinegar ($30k or 250%), Feather articles, feathers, artificial flowers, &... ($15k or 20%), and Carpets & textile floor covers ($11k or 31.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$379k(18.6%)
IMPORT GROWTH (July 2023 - July 2024)$347k(110%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Nepal and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $55.3M to Nepal. The main products exported from South Korea to Nepal were Cars ($12.5M), Medical Instruments ($4.16M), and Gold ($3.53M). During the last 5 years the exports of South Korea to Nepal have decreased at an annualized rate of 7.83%, from $83.1M in 2017 to $55.3M in 2022.

In 2017, Nepal exported $4.47M to South Korea. The main products exported from Nepal to South Korea were Felt ($641k), Fake Hair ($508k), and Raw Tobacco ($315k). During the last 5 years the exports of Nepal to South Korea have increased at an annualized rate of 12.2%, from $2.51M in 2022 to $4.47M in 2017.

Exports from South Korea (Flag) to Nepal (Flag) (2022)

Exports from Nepal (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from South Korea than Nepal included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Nepal than from South Korea.

Difference in imports from Nepal (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Nepal

Flow
Scale

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

During 2022, South Korea had a large net trade with Nepal in the exports of Transportation ($13.4M), Machines ($8.43M), and Plastics and Rubbers ($7.98M).

During 2017, Nepal had a large net trade with South Korea in the exports of Textiles ($2.08M), Foodstuffs ($680k), and Footwear and Headwear ($540k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Nepal+$11.5MCars
Top Product Potential Nepal South Korea+$723kKnit 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 South Korea and Nepal. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Nepal (Flag) (2022)

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