Nepal (NPL) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Nepal-Italy Trade: In 2022, Nepal exported $11.3M to Italy. The main products that Nepal exported to Italy were Knotted Carpets ($4.28M), Knit Sweaters ($1.86M), and Knit Women's Suits ($745k). Over the past 5 years the exports of Nepal to Italy have decreased at an annualized rate of 2.45%, from $12.8M in 2017 to $11.3M in 2022.

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

Italy-Nepal Trade: In 2022, Italy exported $29.4M to Nepal. The main products that Italy exported to Nepal were Soybean Oil ($6.72M), Eyewear ($1.84M), and Other Heating Machinery ($1.41M). Over the past 5 years the exports of Italy to Nepal have increased at an annualized rate of 10.7%, from $17.7M in 2017 to $29.4M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $11.3M to Italy. The main products exported from Nepal to Italy were Knotted Carpets ($4.28M), Knit Sweaters ($1.86M), and Knit Women's Suits ($745k). During the last 5 years the exports of Nepal to Italy have decreased at an annualized rate of 2.45%, from $12.8M in 2017 to $11.3M in 2022.

In 2017, Italy exported $29.4M to Nepal. The main products exported from Italy to Nepal were Soybean Oil ($6.72M), Eyewear ($1.84M), and Other Heating Machinery ($1.41M). During the last 5 years the exports of Italy to Nepal have increased at an annualized rate of 10.7%, from $17.7M in 2022 to $29.4M in 2017.

Exports from Nepal () to Italy () (2022)

Exports from Italy () to Nepal () (2022)

Latest Data

Trade between Nepal () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Nepal than Italy included Bhutan ($3.99M).

In 2022, countries that imported more from Italy than Nepal included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Nepal - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Italy in the exports of Textiles ($9.16M), Animal Hides ($551k), and Foodstuffs ($445k).

During 2017, Italy had a large net trade with Nepal in the exports of Machines ($7.59M), Animal and Vegetable Bi-Products ($6.87M), and Instruments ($4.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Italy+$2.29MKnit Sweaters

Top Product Potential Italy Nepal+$3.26MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Italy () (2022)

Exports from Italy () to Nepal () (2022)

Latest Data

Trade between Nepal () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Nepal - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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