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Exports In 2022, Nepal exported $76.9k in Insulated Wire, making it the 160th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 263rd most exported product in Nepal. The main destination of Insulated Wire exports from Nepal are: India ($31.9k), United Kingdom ($26.4k), United States ($5.12k), Barbados ($4.96k), and China ($3.6k).

The fastest growing export markets for Insulated Wire of Nepal between 2021 and 2022 were India ($27.7k), United Kingdom ($26.4k), and United States ($5.12k).

Imports In 2022, Nepal imported $54.4M in Insulated Wire, becoming the 114th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 40th most imported product in Nepal. Nepal imports Insulated Wire primarily from: India ($36.6M), China ($16.8M), Chinese Taipei ($313k), Russia ($167k), and Singapore ($130k).

The fastest growing import markets in Insulated Wire for Nepal between 2021 and 2022 were Chinese Taipei ($300k), Singapore ($110k), and Italy ($28k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$76.9k
IMPORTS (2022)$54.4M
NET TRADE (2022)-$54.3M

In 2022, Nepal exported $76.9k in Insulated Wire. The main destinations of Nepal exports on Insulated Wire were India ($31.9k), United Kingdom ($26.4k), United States ($5.12k), Barbados ($4.96k), and China ($3.6k).

In 2022, Nepal imported $54.4M in Insulated Wire, mainly from India ($36.6M), China ($16.8M), Chinese Taipei ($313k), Russia ($167k), and Singapore ($130k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
India$27.7k (663%)
United Kingdom$26.4k (1%)
United States$5.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Nepal WERE (2021 - 2022):
Switzerland-$1.49k (-55.7%)
Austria-$401 (-100%)
Canada-$12 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Insulated Wire were:
In 2022, Nepal's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $98.6k
TOP IMPORT POTENTIALChina+ $19.3M

Insulated Wire’s highest export potential is India. With an export gap of $98.6k.   Insulated Wire’s highest import potential is China with an import gap of $19.3M.

See methodology.

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