Condition of Trade in Nepal (2017)

1. Status of Import and Export in Nepal

The above chart shows Nepal is having a massive import as compared to the export. In 2017, Nepal reported import of about 10,038 million US dollar whereas the export was about 741 million US dollar which was far more lesser than the import. There exists a huge gap between import and export in Nepal. This gap can be seen through the trade balance line [ Trade Balance is the difference between Export and Import, If trade balance is in positive then it means export has been carried out in large number than import, however, if trade balance is in negative sign, then it means import is greater than export.]. In 1994, the story of trade in Nepal is completely different than the present situation, there was a small gap between export and import. In 1994, the export was about 385 million US Dollar whereas the import was about 1,111 million US dollar.

2. Conditions of Trade in Nepal (in 2017 AD)

a. Top five countries to which Nepal exported in 2017 are below, along with the percent of total exports that went to that country:

1. Nepal export to India worth US$ 420 million, with a partner share of 56.72 percent.
2. Nepal exports to US worth US$ 83 million, with a partner share of 11.15 percent.
3. Nepal exports to Turkey worth US$ 48 million, with a partner share of 6.42 percent.
4. Nepal exports to Germany worth US$ 29 million, with a partner share of 3.93 percent.
5. Nepal exports to UK worth US$ 25 million, with a partner share of 3.42 percent.

b. Top five countries from which Nepal imported goods in 2017 are below, along with percent of total imports that came from the country :

1. Nepal Imports from India worth US$ 6,520 million, with a partner share of 64.95 percent.
2. Nepal imports from China worth US$ 1,267 million, with a partner share of 12.63 percent.
3. Nepal imports from Unspecified worth US$ 207 million, with a partner share of 2.06 percent.
4. Nepal imports from UAE worth US$ 175 million, with a partner share of 1.74 percent.
5. Nepal imports from France worth US$ 155 million, with a partner share of 1.55 percent.

c. The top five exported  products in 2017 to world by Nepal along with trade value are:

1. Nepal exported Carpets and other textile floor coverings, of w , worth US$ 66,224.29 thousands.
2. Nepal exported Cardamoms , worth US$ 43,525.00 thousands.
3. Nepal exported Yarn, <85% polyester staple fibres, with artifi , worth US$ 40,008.18 thousands.
4. Nepal exported Mixtures of juices, unfermented, not containing , worth US$ 31,377.19 thousands.
5. Nepal exported Woven fabrics obtained from synthetic strip or , worth US$ 29,569.54 thousands.

d. The top five imported products in 2017 from world by Nepal along with trade value are

1. Nepal imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,098,973.34 thousands.
2. Nepal imported Semi-fin prod, iron or non-alloy steel, cntg by , worth US$ 468,393.52 thousands.
3. Nepal imported Gold in oth semi-manufactured forms,non-monetar , worth US$ 261,993.75 thousands.
4. Nepal imported Cement clinkers , worth US$ 253,956.92 thousands.
5. Nepal imported Petroleum gases and other gaseous hydrocarbons, , worth US$ 231,877.25 thousands.

e. Exports and Imports of Product Groups

Product Groups	Exports (in $ million)	Imports (in $ million)
Raw Materials	44	945
Intermediate Goods	273	3497
Consumer Goods	409	3259
Capital Goods	14	2299

 3. Number of Import and Export Partners; and Number of Imported and Exported Products of Nepal (shown in the form of trends

                                                                             

Year	Number of Import Partners	Number of Products Imported	Number of Export Partners	Number of Products Exported
1998	73	256	58	120
2003	95	4167	78	1086
2010	146	4022	146	1088
2014	153	4134	128	1151
2017	147	4146	124	1093

Source: https://wits.worldbank.org/