Nepal (NPL) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Nepal-Austria Trade: In 2022, Nepal exported $3.43M to Austria. The main products that Nepal exported to Austria were Knotted Carpets ($626k), Knit Sweaters ($568k), and Knitted Hats ($540k). Over the past 5 years the exports of Nepal to Austria have increased at an annualized rate of 3.4%, from $2.9M in 2017 to $3.43M in 2022.

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

Austria-Nepal Trade: In 2022, Austria exported $15.9M to Nepal. The main products that Austria exported to Nepal were Lifting Machinery ($6.76M), Hydraulic Turbines ($3.99M), and Rubberworking Machinery ($952k). Over the past 5 years the exports of Austria to Nepal have increased at an annualized rate of 12.3%, from $8.9M in 2017 to $15.9M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $3.43M to Austria. The main products exported from Nepal to Austria were Knotted Carpets ($626k), Knit Sweaters ($568k), and Knitted Hats ($540k). During the last 5 years the exports of Nepal to Austria have increased at an annualized rate of 3.4%, from $2.9M in 2017 to $3.43M in 2022.

In 2017, Austria exported $15.9M to Nepal. The main products exported from Austria to Nepal were Lifting Machinery ($6.76M), Hydraulic Turbines ($3.99M), and Rubberworking Machinery ($952k). During the last 5 years the exports of Austria to Nepal have increased at an annualized rate of 12.3%, from $8.9M in 2022 to $15.9M in 2017.

Exports from Nepal () to Austria () (2022)

Exports from Austria () to Nepal () (2022)

Latest Data

Trade between Nepal () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Nepal included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Nepal - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Austria in the exports of Textiles ($2.31M), Footwear and Headwear ($570k), and Paper Goods ($105k).

During 2017, Austria had a large net trade with Nepal in the exports of Machines ($13.6M), Instruments ($1.04M), and Chemical Products ($271k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Austria+$698kKnit Sweaters

Top Product Potential Austria Nepal+$854kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Austria () (2022)

Exports from Austria () to Nepal () (2022)

Latest Data

Trade between Nepal () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Nepal - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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