2022
Flag  
GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Nepal-Azerbaijan Trade: In 2022, Nepal exported $44.8k to Azerbaijan. The main products that Nepal exported to Azerbaijan were Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). Over the past 5 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 3.13%, from $38.4k in 2017 to $44.8k in 2022.

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

Azerbaijan-Nepal Trade: In 2022, Azerbaijan exported $51 to Nepal. The main products that Azerbaijan exported to Nepal were Knotted Carpets ($51). Over the past 5 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 62.8%,  from $7.12k in 2017 to $51 in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $44.8k to Azerbaijan. The main products exported from Nepal to Azerbaijan were Packaged Medicaments ($28.8k), Tufted Carpets ($7.01k), and Scarves ($5.57k). During the last 5 years the exports of Nepal to Azerbaijan have increased at an annualized rate of 3.13%, from $38.4k in 2017 to $44.8k in 2022.

In 2017, Azerbaijan exported $51 to Nepal. The main products exported from Azerbaijan to Nepal were Knotted Carpets ($51). During the last 5 years the exports of Azerbaijan to Nepal have decreased at an annualized rate of 62.8%, from $7.12k in 2022 to $51 in 2017.

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

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

Latest Data

Trade between Nepal (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Date

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Nepal than Azerbaijan included Singapore ($25.5M), United States ($152M), and Central African Republic ($8.88M).

In 2022, countries that imported more from Azerbaijan than Nepal included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Nepal - Azerbaijan

Flow
Scale

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

During 2022, Nepal had a large net trade with Azerbaijan in the exports of Chemical Products ($29.1k), Textiles ($12.8k), and Instruments ($1.09k).

During 2017, Azerbaijan had a large net trade with Nepal in the exports of Textiles ($51).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Azerbaijan+$33.8kPackaged Medicaments
Top Product Potential Azerbaijan Nepal+$6.07kPetroleum Gas

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

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

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