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Pricing

2022
Flag → Flag
Exports $17kRnk 107 / 149
2022
Flag → Flag
Top Product $4.67kBells and Other Metal Ornaments
2022
Flag → Flag
Exports $28.2kRnk 174 / 187
2022
Flag → Flag
Top Product $21.1kCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Nepal-Colombia Trade: In 2022, Nepal exported $17k to Colombia. The main products that Nepal exported to Colombia were Bells and Other Metal Ornaments ($4.67k), Smoking Pipes ($4.46k), and Trunks and Cases ($3.01k). Over the past 5 years the exports of Nepal to Colombia have decreased at an annualized rate of 2.72%, from $19.6k in 2017 to $17k in 2022.

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

Colombia-Nepal Trade: In 2022, Colombia exported $28.2k to Nepal. The main products that Colombia exported to Nepal were Coffee ($21.1k), Medical Instruments ($5.18k), and Knit Active Wear ($949). Over the past 5 years the exports of Colombia to Nepal have increased at an annualized rate of 5.74%,  from $21.3k in 2017 to $28.2k in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $17k to Colombia. The main products exported from Nepal to Colombia were Bells and Other Metal Ornaments ($4.67k), Smoking Pipes ($4.46k), and Trunks and Cases ($3.01k). During the last 5 years the exports of Nepal to Colombia have decreased at an annualized rate of 2.72%, from $19.6k in 2017 to $17k in 2022.

In 2017, Colombia exported $28.2k to Nepal. The main products exported from Colombia to Nepal were Coffee ($21.1k), Medical Instruments ($5.18k), and Knit Active Wear ($949). During the last 5 years the exports of Colombia to Nepal have increased at an annualized rate of 5.74%, from $21.3k in 2022 to $28.2k in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Colombia (Flag)

Colombia Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Nepal included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Nepal - Colombia

Flow
Scale

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

During 2022, Nepal had a large net trade with Colombia in the exports of Metals ($5.57k), Miscellaneous ($4.46k), and Animal Hides ($3.05k).

During 2017, Colombia had a large net trade with Nepal in the exports of Vegetable Products ($21.1k), Instruments ($5.18k), and Textiles ($1.83k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Colombia+$17.1kTrunks and Cases
Top Product Potential Colombia Nepal+$56.7kCoffee

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

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

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