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2022
Flag → Flag
Exports $151kRnk 67 / 149
2022
Flag → Flag
Top Product $51.5kKnotted Carpets
2022
Flag → Flag
Exports $20kRnk 137 / 160
2022
Flag → Flag
Top Product $8.56kOffice Machine Parts
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Nepal-Iceland In 2022, Nepal exported $151k to Iceland. The main products that Nepal exported to Iceland are Knotted Carpets ($51.5k), Refined Petroleum ($37.2k), and Non-Knit Men's Suits ($13.6k). During the last 27 years the exports of Nepal to Iceland have increased at an annualized rate of 21.8%, from $733 in 1995 to $151k in 2022.

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

Iceland-Nepal In 2022, Iceland exported $20k to Nepal. The main products that Iceland exported to Nepal were Office Machine Parts ($8.56k), Medical Instruments ($7.68k), and Hard Liquor ($1.52k). During the last 27 years the exports of Iceland to Nepal have decreased at an annualized rate of 0.88%, from $25.4k in 1995 to $20k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $151k to Iceland. The main products exported from Nepal to Iceland were Knotted Carpets ($51.5k), Refined Petroleum ($37.2k), and Non-Knit Men's Suits ($13.6k). During the last 27 years the exports of Nepal to Iceland have increased at an annualized rate of 21.8%, from $733 in 1995 to $151k in 2022.

In 2022, Iceland exported $20k to Nepal. The main products exported from Iceland to Nepal were Office Machine Parts ($8.56k), Medical Instruments ($7.68k), and Hard Liquor ($1.52k). During the last 19 years the exports of Iceland to Nepal have decreased at an annualized rate of 0.88%, from $25.4k in 2003 to $20k in 2022.

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

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

Latest Data

Trade between Nepal (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Nepal than Iceland were India ($956M), Singapore ($25.5M), and Central African Republic ($8.88M).

In 2021, countries that imported more from Iceland than Nepal were Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

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

Comparative Advantage Nepal - Iceland

Flow
Scale

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

During 2022, Nepal had a large net trade with Iceland in the exports of Textiles ($90.1k), Mineral Products ($37.2k), and Instruments ($5.74k).

During 2022, Iceland had a large net trade with Nepal in the exports of Machines ($8.8k), Instruments ($8.07k), and Foodstuffs ($1.55k).

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 Nepal has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Nepal.

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

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