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Nepal trade in 2024

In 2024, Nepal exported $1.2 billion and imported $10.3 billion, a trade deficit of $9.1 billion. It was the world's 151st-largest exporter, with 0.01% of world exports. Its top export was soybean oil (7.5% of the total) and its main trading partner was India (67.8% of its trade).

Summary

Exports
$1.2billion
Imports
$10.3billion
Trade balance
-$9.1billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Soybean oil (7.5%) and knotted carpets (6.8%) together make up 14.3% of its exports.

  1. Soybean oil$93 million · 7.5%
    Main partner: India
  2. Knotted carpets$84 million · 6.8%
    Main partner: United States
  3. Synthetic fiber yarn$82 million · 6.7%
    Main partner: India
  4. Coated flat steel$76 million · 6.2%
    Main partner: India
  5. Nutmeg, mace and cardamom$62 million · 5%
    Main partner: India
  6. Soft drinks$61 million · 4.9%
    Main partner: India
  7. Plywood$60 million · 4.9%
    Main partner: India
  8. Jute fabric$36 million · 2.9%
    Main partner: India
  9. Palm oil$34 million · 2.8%
    Main partner: India
  10. Tea$33 million · 2.7%
    Main partner: India

What it imports

Refined petroleum (15%) and natural gas and LPG (3.9%) together make up 18.8% of its imports.

  1. Refined petroleum$1.5 billion · 15%
    Main partner: India
  2. Natural gas and LPG$399 million · 3.9%
    Main partner: India
  3. Direct-reduced iron$309 million · 3%
    Main partner: India
  4. Cars$287 million · 2.8%
    Main partner: China
  5. Cameras and broadcast equipment$280 million · 2.7%
    Main partner: China
  6. Medicines in measured doses or retail packs$222 million · 2.2%
    Main partner: India
  7. Rice$168 million · 1.6%
    Main partner: India
  8. Hot-rolled flat steel$165 million · 1.6%
    Main partner: India
  9. Motorcycles$154 million · 1.5%
    Main partner: India
  10. Coal$128 million · 1.2%
    Main partner: India

Its products

Destinations and sources of its products that have their own page.

By Harmonized System chapter (96)
ChapterExportsImports
15 · Fats and oils$156 million$70 million
09 · Coffee, tea and spices$106 million$66 million
72 · Iron and steel$101 million$721 million
57 · Carpets and rugs$98 million$6 million
55 · Synthetic staple fibers$92 million$122 million
44 · Wood$74 million$26 million
22 · Beverages and spirits$63 million$16 million
23 · Animal feed and food waste$49 million$169 million
62 · Woven clothing$47 million$145 million
63 · Home textiles and used clothing$46 million$29 million
53 · Other plant fibers$38 million$15 million
61 · Knitted clothing$37 million$167 million
39 · Plastics$33 million$395 million
25 · Salt, stone and cement$26 million$33 million
14 · Other plant products$26 million$1 million
19 · Baked goods and cereal products$18 million$54 million
73 · Iron and steel products$16 million$155 million
12 · Oilseeds and grains$15 million$155 million
30 · Pharmaceuticals$15 million$297 million
48 · Paper and paperboard$13 million$138 million
38 · Miscellaneous chemicals$13 million$83 million
64 · Footwear$12 million$62 million
56 · Felt, nonwovens and rope$12 million$13 million
33 · Perfumes and cosmetics$11 million$108 million
83 · Miscellaneous metal goods$10 million$48 million
95 · Toys and sports gear$10 million$34 million
74 · Copper$9 million$38 million
84 · Mechanical machinery$8 million$825 million
78 · Lead$8 million$891 thousand
65 · Hats$6 million$11 million
42 · Leather goods and bags$6 million$25 million
88 · Aircraft and spacecraft$5 million$92 million
71 · Gems and precious metals$5 million$73 million
92 · Musical instruments$4 million$3 million
21 · Food preparations$4 million$82 million
32 · Dyes, paints and tanning agents$4 million$48 million
97 · Art and antiques$4 million$467 thousand
85 · Electrical and electronic equipment$3 million$761 million
07 · Vegetables$3 million$211 million
94 · Furniture and lighting$3 million$96 million
67 · Feathers and artificial flowers$3 million$4 million
11 · Milling products and malt$3 million$19 million
41 · Hides and leather$3 million$216 thousand
70 · Glass$3 million$62 million
20 · Preserved fruit and vegetables$2 million$16 million
17 · Sugar and sweets$2 million$28 million
05 · Other animal products$2 million$410 thousand
90 · Precision and medical instruments$2 million$186 million
76 · Aluminum$1 million$104 million
26 · Ores and slag$873 thousand$8 million
04 · Dairy, eggs and honey$798 thousand$4 million
52 · Cotton$699 thousand$82 million
47 · Wood pulp$692 thousand$2 million
96 · Other manufactured goods$690 thousand$53 million
51 · Wool$682 thousand$40 million
24 · Tobacco$625 thousand$29 million
69 · Ceramics$543 thousand$56 million
54 · Synthetic filaments$524 thousand$84 million
49 · Books and printed matter$507 thousand$42 million
68 · Stone, plaster and cement articles$493 thousand$35 million
13 · Gums and plant extracts$473 thousand$3 million
87 · Vehicles$466 thousand$652 million
82 · Tools and cutlery$378 thousand$27 million
79 · Zinc$347 thousand$31 million
10 · Cereals$241 thousand$317 million
40 · Rubber$240 thousand$115 million
59 · Coated and technical textiles$235 thousand$21 million
29 · Organic chemicals$230 thousand$92 million
46 · Wicker and basketware$152 thousand$45 thousand
02 · Meat and offal$131 thousand$51 thousand
58 · Special fabrics and lace$128 thousand$10 million
08 · Fruit and nuts$125 thousand$153 million
27 · Oil, gas and coal$115 thousand$2.2 billion
93 · Weapons and ammunition$93 thousand$19 million
06 · Live plants and flowers$64 thousand$662 thousand
36 · Explosives and matches$55 thousand$6 million
34 · Soap and cleaning products$49 thousand$55 million
16 · Prepared meat and fish$40 thousand$1 million
43 · Fur and fur goods$39 thousand$762 thousand
60 · Knitted fabric$33 thousand$89 million
28 · Inorganic chemicals$23 thousand$38 million
86 · Railway equipment$14 thousand$208 thousand
18 · Cocoa and chocolate$11 thousand$18 million
50 · Silk$10 thousand$7 million
75 · Nickel$7 thousand$185 thousand
91 · Watches and clocks$6 thousand$13 million
80 · Tin$6 thousand$1 million
01 · Live animals$3 thousand$5 million
35 · Glues, starches and enzymes$2 thousand$23 million
66 · Umbrellas and canes$720$6 million
45 · Cork$440$6 thousand
37 · Photographic goods$179$6 million
89 · Ships and boats$119$350 thousand
31 · Fertilizers$42$129 million
03 · Fish and seafood$0$8 million
81 · Other base metals$0$340 thousand

Trading partners

India is its main destination (70% of exports) and source (67.5% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
India86870%Land
United States12610.1%Sea
Germany35.22.8%Sea
China27.42.2%Land
France221.8%Air
United Kingdom21.31.7%Sea
Japan15.91.3%Sea
Australia131.1%Sea
Canada11.30.91%Sea
Switzerland10.70.86%Air

Who it buys from

PartnerValue (USD billions)ShareMode
India767.5%Land
China2.221%Land
Singapore0.242.4%Air
Australia0.10.97%Sea
United States0.090.91%Sea
Hong Kong0.080.74%Air
France0.060.6%Air
Israel0.050.48%Air
South Korea0.050.45%Air
Thailand0.040.4%Sea

Overview 1995–2024

In 2024, Nepal accounted for 0.01% of world exports, compared with 0.01% in 1995.

Exports and imports

Exports grew 3.4-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 10.3
  • Balance -9.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$367 million$709 million-$342 million
1996$405 million$608 million-$204 million
1997$456 million$613 million-$156 million
1998$544 million$1.5 billion-$909 million
1999$664 million$1.6 billion-$984 million
2000$835 million$1.7 billion-$843 million
2001$727 million$664 million$62 million
2002$564 million$671 million-$107 million
2003$789 million$1.9 billion-$1.1 billion
2004$679 million$1.2 billion-$554 million
2005$682 million$1.3 billion-$611 million
2006$614 million$1.5 billion-$844 million
2007$770 million$2.1 billion-$1.3 billion
2008$965 million$2.6 billion-$1.6 billion
2009$868 million$4 billion-$3.1 billion
2010$1 billion$5.3 billion-$4.3 billion
2011$1 billion$6.3 billion-$5.3 billion
2012$963 million$6.8 billion-$5.8 billion
2013$970 million$7.3 billion-$6.3 billion
2014$1.1 billion$8.2 billion-$7.1 billion
2015$925 million$7.1 billion-$6.2 billion
2016$923 million$9.4 billion-$8.5 billion
2017$917 million$10.6 billion-$9.6 billion
2018$967 million$13.3 billion-$12.3 billion
2019$1.1 billion$12.9 billion-$11.7 billion
2020$1 billion$10 billion-$9 billion
2021$1.8 billion$16 billion-$14.2 billion
2022$1.5 billion$13.8 billion-$12.3 billion
2023$1.2 billion$10.3 billion-$9.1 billion
2024$1.2 billion$10.3 billion-$9.1 billion

World rank

Nepal fell from 137th to 151st among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 137th in 1995
  • 151st in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995137th
1996140th
1997140th
1998137th
1999132nd
2000132nd
2001136th
2002144th
2003140th
2004152nd
2005154th
2006161st
2007157th
2008156th
2009156th
2010154th
2011160th
2012160th
2013159th
2014158th
2015159th
2016161st
2017165th
2018161st
2019159th
2020157th
2021150th
2022153rd
2023157th
2024151st

What it sells

Fats and oils became its top export group: from 0.6% to 13%

% of exports by Harmonized System chapter.

  • Other 40%
  • Animal feed and food waste 4%
  • Beverages and spirits 5%
  • Wood 6%
  • Synthetic staple fibers 7%
  • Carpets and rugs 8%
  • Iron and steel 8%
  • Coffee, tea and spices 9%
  • Fats and oils 13%

Source: CEPII BACI

Show the numbers
Chapter19952024
Fats and oils0.61%12.6%
Coffee, tea and spices1.3%8.5%
Iron and steel0.06%8.2%
Carpets and rugs47.7%7.9%
Synthetic staple fibers1.3%7.4%
Wood0.09%6%
Beverages and spirits0%5.1%
Animal feed and food waste0.53%3.9%
Other48.3%40.4%

Who it trades with

India went from 19% to 68% of Nepal's trade

% of total trade (exports + imports) with each partner.

  • India 68%
  • China 19%
  • Singapore 2%
  • United States 2%
  • Australia 1%

Source: CEPII BACI

Show the numbers
Partner19952024
India19.2%67.8%
China5%19%
Singapore7.9%2.1%
United States10.9%1.9%
Australia0.35%0.98%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

  • Kathmandu$37.4 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries