2022
Flag  
GDP
$19.5BCURRENT US$
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2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
Flag
 GDP
$40.8BCURRENT US$
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2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
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2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$1,337CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
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About

Armenia-Nepal In 2022, Armenia exported $469 to Nepal. The main products that Armenia exported to Nepal are Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). During the last 14 years the exports of Armenia to Nepal have decreased at an annualized rate of 0.46%, from $500 in 2008 to $469 in 2022.

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

Nepal-Armenia In 2022, Nepal exported $55.7k to Armenia. The main products that Nepal exported to Armenia were Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). During the last 14 years the exports of Nepal to Armenia have increased at an annualized rate of 23.6%, from $2.87k in 2008 to $55.7k in 2022.

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

Comparison In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081),  and 122 in total exports ($5.78B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $469 to Nepal. The main products exported from Armenia to Nepal were Other live plants, cuttings and slips; mushroom spawn ($453) and Knit T-shirts ($16). During the last 14 years the exports of Armenia to Nepal have decreased at an annualized rate of 0.46%, from $500 in 2008 to $469 in 2022.

In 2022, Nepal exported $55.7k to Armenia. The main products exported from Nepal to Armenia were Orthopedic Appliances ($28.2k), Optical Fibers and optical fibre bundles ($27k), and Tea ($408). During the last 25 years the exports of Nepal to Armenia have increased at an annualized rate of 23.6%, from $2.87k in 1997 to $55.7k in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and Nepal (Flag)

Armenia Exports

Date

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Nepal
Top Destination
India$956M

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

In 2021, countries that imported more from Armenia than Nepal were Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2021, countries that imported more from Nepal than Armenia were India ($956M), United States ($152M), and Singapore ($25.5M).

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

Comparative Advantage Armenia - Nepal

Flow
Scale

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

During 2022, Armenia had a large net trade with Nepal in the exports of Vegetable Products ($453) and Textiles ($16).

During 2022, Nepal had a large net trade with Armenia in the exports of Instruments ($55.2k), Vegetable Products ($408), and Paper Goods ($178).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Nepal. Similarly, the more yellow a dot/product is, the more Nepal has comparative advantage over Armenia.

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

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