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Nepal Trade Summary

2020

Nepal exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR NEPAL 2020

Overall Exports and Imports for Nepal 2020

Exports and imports of Nepal in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 855 million.
  • The total value of imports (CIF) was 9,745 million.
  • At the HS6 digit level, 670 products were exported to 122 countries and 4,072 products were imported from 178 countries.

Nepal top 5 Export and Import partners 2020

Top five countries to which Nepal exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Nepal exports to India worth US$ 624 million, with a partner share of 72.94 percent.
  2. Nepal exports to United States worth US$ 87 million, with a partner share of 10.15 percent.
  3. Nepal exports to Germany worth US$ 24 million, with a partner share of 2.76 percent.
  4. Nepal exports to United Kingdom worth US$ 17 million, with a partner share of 2.00 percent.
  5. Nepal exports to Turkey worth US$ 12 million, with a partner share of 1.44 percent.

Top five countries from which Nepal imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Nepal imports from India worth US$ 6,257 million, with a partner share of 64.21 percent.
  2. Nepal imports from China worth US$ 1,340 million, with a partner share of 13.75 percent.
  3. Nepal imports from Argentina worth US$ 216 million, with a partner share of 2.22 percent.
  4. Nepal imports from United Arab Emirates worth US$ 182 million, with a partner share of 1.87 percent.
  5. Nepal imports from United States worth US$ 172 million, with a partner share of 1.76 percent.

Nepal Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Nepal along with trade value are:

  1. Nepal exported Soya-bean oil (excl. crude) and fractions , worth US$ 206,243.95 million.
  2. Nepal exported Carpets and other textile floor coverings, of w , worth US$ 51,228.82 million.
  3. Nepal exported Cardamoms , worth US$ 46,706.60 million.
  4. Nepal exported Palm oil (excl. crude) and liquid fractions , worth US$ 45,465.89 million.
  5. Nepal exported Black tea (fermented) and partly fermented tea, , worth US$ 31,053.02 million.

The top five imported HS 6 digit level products from world by Nepal along with trade value are

  1. Nepal imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 889,445.32 million.
  2. Nepal imported Semi-fin prod, iron or non-alloy steel, cntg by , worth US$ 405,755.28 million.
  3. Nepal imported Transmission apparatus, for radioteleph incorpo , worth US$ 264,198.08 million.
  4. Nepal imported Petroleum gases and other gaseous hydrocarbons, , worth US$ 250,938.87 million.
  5. Nepal imported Crude soya-bean oil , worth US$ 236,425.40 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Nepal in 2020 are below

  • The maximum rate of tariff in percentage on any product was 307.53 percent.
  • The simple average tariff across all products was 12.10 percent.
  • The trade weighted average tariff was 11.60 .
  • The total duty free imports in thousands of US dollars were 680,511.88 and duty free tariff line items share was 8.11 percent.

Development Indicators 2020

Key Development Indicators of Nepal in 2020 are below

  • Nepal GDP in current US dollar was 33,434 million.
  • GNI per capita, Atlas method (current US$) was 1,180.00 .
  • Nepal Trade balance: as % of GDP was -27.31.
  • Trade balance in current US$ was -9,130.00 million.
  • Trade as percentage of GDP was 40.92 .
  • Trade in services as percentage of GDP was 5.92 .

Trade Indicators 2020

Trade Indicators for Nepal in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.49.
  • Index of export market penetration was 3.21.
  • World Growth in percentage was -3.75 and Nepal Country Growth was -3.37 .