Kuwait (KWT) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Kuwait-Nepal Trade: In 2022, Kuwait exported $5.29M to Nepal. The main products that Kuwait exported to Nepal were Gold ($2.91M), Refined Petroleum ($1.52M), and Used Clothing ($254k). Over the past 5 years the exports of Kuwait to Nepal have increased at an annualized rate of 59.2%, from $518k in 2017 to $5.29M in 2022.

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

Nepal-Kuwait Trade: In 2022, Nepal exported $973k to Kuwait. The main products that Nepal exported to Kuwait were Tufted Carpets ($231k), Blankets ($128k), and Paper Labels ($97.9k). Over the past 5 years the exports of Nepal to Kuwait have decreased at an annualized rate of 0.072%, from $977k in 2017 to $973k in 2022.

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

Comparison In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kuwait exported $5.29M to Nepal. The main products exported from Kuwait to Nepal were Gold ($2.91M), Refined Petroleum ($1.52M), and Used Clothing ($254k). During the last 5 years the exports of Kuwait to Nepal have increased at an annualized rate of 59.2%, from $518k in 2017 to $5.29M in 2022.

In 2017, Nepal exported $973k to Kuwait. The main products exported from Nepal to Kuwait were Tufted Carpets ($231k), Blankets ($128k), and Paper Labels ($97.9k). During the last 5 years the exports of Nepal to Kuwait have decreased at an annualized rate of 0.072%, from $977k in 2022 to $973k in 2017.

Exports from Kuwait () to Nepal () (2022)

Exports from Nepal () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Nepal ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Kuwait than Nepal included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Nepal than Kuwait included Central African Republic ($8.88M), Bhutan ($3.99M), and Austria ($3.43M).

Difference in imports from Nepal () and Kuwait () (2022)

Comparative Advantage Kuwait - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Nepal in the exports of Precious Metals ($2.93M), Mineral Products ($1.52M), and Textiles ($471k).

During 2017, Nepal had a large net trade with Kuwait in the exports of Textiles ($710k), Paper Goods ($112k), and Miscellaneous ($87.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Nepal+$4.58MRefined Petroleum

Top Product Potential Nepal Kuwait+$156kNon-Knit Women's Suits

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

Year

This visualization shows the product space at the HS4 level with the flags of Kuwait and Nepal. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Nepal () (2022)

Exports from Nepal () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Nepal ()

Kuwait Exports

Market Competitiveness

Difference in imports from Nepal () and Kuwait () (2022)

Comparative Advantage Kuwait - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Nepal () (2022)

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