Nepal (NPL) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Nepal-Finland Trade: In 2022, Nepal exported $1.02M to Finland. The main products that Nepal exported to Finland were Scarves ($196k), Non-Knit Women's Suits ($136k), and Other Knit Clothing Accessories ($90.3k). Over the past 5 years the exports of Nepal to Finland have decreased at an annualized rate of 3.8%, from $1.24M in 2017 to $1.02M in 2022.

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

Finland-Nepal Trade: In 2022, Finland exported $1.51M to Nepal. The main products that Finland exported to Nepal were Other Construction Vehicles ($448k), Special Pharmaceuticals ($170k), and Newsprint ($169k). Over the past 5 years the exports of Finland to Nepal have decreased at an annualized rate of 11.5%, from $2.8M in 2017 to $1.51M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $1.02M to Finland. The main products exported from Nepal to Finland were Scarves ($196k), Non-Knit Women's Suits ($136k), and Other Knit Clothing Accessories ($90.3k). During the last 5 years the exports of Nepal to Finland have decreased at an annualized rate of 3.8%, from $1.24M in 2017 to $1.02M in 2022.

In 2017, Finland exported $1.51M to Nepal. The main products exported from Finland to Nepal were Other Construction Vehicles ($448k), Special Pharmaceuticals ($170k), and Newsprint ($169k). During the last 5 years the exports of Finland to Nepal have decreased at an annualized rate of 11.5%, from $2.8M in 2022 to $1.51M in 2017.

Exports from Nepal () to Finland () (2022)

Exports from Finland () to Nepal () (2022)

Latest Data

Trade between Nepal () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Nepal than Finland included Central African Republic ($8.88M), Bhutan ($3.99M), and Saint Helena ($435).

In 2022, countries that imported more from Finland than Nepal included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Nepal - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Finland in the exports of Textiles ($866k), Miscellaneous ($42.4k), and Footwear and Headwear ($38.3k).

During 2017, Finland had a large net trade with Nepal in the exports of Machines ($550k), Chemical Products ($351k), and Paper Goods ($246k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Finland+$243kNon-Knit Women's Suits

Top Product Potential Finland Nepal+$309kOther Construction Vehicles

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Finland () (2022)

Exports from Finland () to Nepal () (2022)

Latest Data

Trade between Nepal () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Nepal - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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