Nepal (NPL) and Mexico (MEX) Trade | The Observatory of Economic Complexity

About

Nepal-Mexico Trade: In 2022, Nepal exported $444k to Mexico. The main products that Nepal exported to Mexico were Tanned Goat Hides ($82.6k), Non-Knit Women's Suits ($77.8k), and Tanned Equine and Bovine Hides ($76.5k). Over the past 5 years the exports of Nepal to Mexico have decreased at an annualized rate of 13.1%, from $898k in 2017 to $444k in 2022.

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

Mexico-Nepal Trade: In 2022, Mexico exported $3.85M to Nepal. The main products that Mexico exported to Nepal were Medical Instruments ($728k), Other Coloring Matter ($703k), and Computers ($399k). Over the past 5 years the exports of Mexico to Nepal have decreased at an annualized rate of 2.65%, from $4.4M in 2017 to $3.85M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $444k to Mexico. The main products exported from Nepal to Mexico were Tanned Goat Hides ($82.6k), Non-Knit Women's Suits ($77.8k), and Tanned Equine and Bovine Hides ($76.5k). During the last 5 years the exports of Nepal to Mexico have decreased at an annualized rate of 13.1%, from $898k in 2017 to $444k in 2022.

In 2017, Mexico exported $3.85M to Nepal. The main products exported from Mexico to Nepal were Medical Instruments ($728k), Other Coloring Matter ($703k), and Computers ($399k). During the last 5 years the exports of Mexico to Nepal have decreased at an annualized rate of 2.65%, from $4.4M in 2022 to $3.85M in 2017.

Exports from Nepal () to Mexico () (2022)

Exports from Mexico () to Nepal () (2022)

Latest Data

Trade between Nepal () and Mexico ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Nepal than Mexico included Central African Republic ($8.88M), Bhutan ($3.99M), and Bangladesh ($4.12M).

In 2022, countries that imported more from Mexico than Nepal included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Nepal - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Mexico in the exports of Textiles ($196k), Animal Hides ($159k), and Instruments ($72.9k).

During 2017, Mexico had a large net trade with Nepal in the exports of Machines ($1.74M), Instruments ($941k), and Chemical Products ($904k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Mexico+$265kNon-Knit Women's Suits

Top Product Potential Mexico Nepal+$2.14MComputers

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nepal and Mexico. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Nepal.

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Mexico () (2022)

Exports from Mexico () to Nepal () (2022)

Latest Data

Trade between Nepal () and Mexico ()

Mexico Exports

Market Competitiveness

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

Comparative Advantage Nepal - Mexico

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring