Mexico (MEX) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Mexico-Nepal Trade: In 2022, Mexico exported $3.85M to Nepal. The main products that Mexico exported to Nepal were Medical Instruments ($728k), Other Coloring Matter ($703k), and Computers ($399k). Over the past 5 years the exports of Mexico to Nepal have decreased at an annualized rate of 2.65%, from $4.4M in 2017 to $3.85M in 2022.

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

Nepal-Mexico Trade: In 2022, Nepal exported $444k to Mexico. The main products that Nepal exported to Mexico were Tanned Goat Hides ($82.6k), Non-Knit Women's Suits ($77.8k), and Tanned Equine and Bovine Hides ($76.5k). Over the past 5 years the exports of Nepal to Mexico have decreased at an annualized rate of 13.1%, from $898k in 2017 to $444k in 2022.

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

Comparison In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $3.85M to Nepal. The main products exported from Mexico to Nepal were Medical Instruments ($728k), Other Coloring Matter ($703k), and Computers ($399k). During the last 5 years the exports of Mexico to Nepal have decreased at an annualized rate of 2.65%, from $4.4M in 2017 to $3.85M in 2022.

In 2017, Nepal exported $444k to Mexico. The main products exported from Nepal to Mexico were Tanned Goat Hides ($82.6k), Non-Knit Women's Suits ($77.8k), and Tanned Equine and Bovine Hides ($76.5k). During the last 5 years the exports of Nepal to Mexico have decreased at an annualized rate of 13.1%, from $898k in 2022 to $444k in 2017.

Exports from Mexico () to Nepal () (2022)

Exports from Nepal () to Mexico () (2022)

Latest Data

Trade between Mexico () and Nepal ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Mexico than Nepal included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Nepal than Mexico included Central African Republic ($8.88M), Bhutan ($3.99M), and Bangladesh ($4.12M).

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

Comparative Advantage Mexico - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Nepal in the exports of Machines ($1.74M), Instruments ($941k), and Chemical Products ($904k).

During 2017, Nepal had a large net trade with Mexico in the exports of Textiles ($196k), Animal Hides ($159k), and Instruments ($72.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Nepal+$2.14MComputers

Top Product Potential Nepal Mexico+$265kNon-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 Mexico and Nepal. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Mexico.

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Nepal () (2022)

Exports from Nepal () to Mexico () (2022)

Latest Data

Trade between Mexico () and Nepal ()

Mexico Exports

Market Competitiveness

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

Comparative Advantage Mexico - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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