2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186

About

India-Nepal Trade: In 2022, India exported $8.66B to Nepal. The main products that India exported to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). Over the past 5 years the exports of India to Nepal have increased at an annualized rate of 7.85%, from $5.93B in 2017 to $8.66B in 2022.

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

Nepal-India Trade: In 2022, Nepal exported $956M to India. The main products that Nepal exported to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). Over the past 5 years the exports of Nepal to India have increased at an annualized rate of 13.5%,  from $508M in 2017 to $956M in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $8.66B to Nepal. The main products exported from India to Nepal were Refined Petroleum ($2.22B), Petroleum Gas ($503M), and Rice ($320M). During the last 5 years the exports of India to Nepal have increased at an annualized rate of 7.85%, from $5.93B in 2017 to $8.66B in 2022.

In 2017, Nepal exported $956M to India. The main products exported from Nepal to India were Palm Oil ($184M), Soybean Oil ($180M), and Non-Retail Synthetic Staple Fibers Yarn ($65.7M). During the last 5 years the exports of Nepal to India have increased at an annualized rate of 13.5%, from $508M in 2022 to $956M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Nepal
Top Destination
India$956M

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

In 2022, countries that imported more from India than Nepal included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Nepal than from India.

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

Comparative Advantage India - Nepal

Flow
Scale

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

During 2022, India had a large net trade with Nepal in the exports of Mineral Products ($3.1B), Metals ($1.35B), and Vegetable Products ($812M).

During 2017, Nepal had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($387M), Textiles ($171M), and Vegetable Products ($120M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Nepal+$431MRefined Petroleum
Top Product Potential Nepal India+$105MPalm Oil

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

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

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