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Nepal

U.S. - Nepal Trade Facts

In 2019, Nepal GDP was an estimated $29.8 billion (current market exchange rates); real GDP was up by an estimated 7.1%; and the population was 28 million. (Source: IMF)

Nepal is currently our 147th largest goods trading partner with $213 million in total (two way) goods trade during 2019. Goods exports totaled $122 million; goods imports totaled $91 million. The U.S. goods trade surplus with Nepal was $31 million in 2019.

According to the Department of Commerce, U.S. exports of goods to Nepal supported an estimated 1 hundred jobs in 2015 (latest data available).

Exports

  • Nepal was the United States' 143rd largest goods export market in 2019.
  • U.S. goods exports to Nepal in 2019 were $122 million, up 120.4% ($67 million) from 2018 and up 294.6% from 2009. 
  • The top export categories (2-digit HS) in 2019 were: oilseeds and oleaginous fruits (soybeans) ($56 million), food waste, animal feed ($14 million), special other (low value estimates) ($11 million), machinery ($11 million), and optical and medical instruments ($9 million).
  • U.S. total exports of agricultural products to Nepal totaled $74 million in 2019. Leading domestic export categories include: soybeans ($54 million), soybean meal ($14 million), planting seeds ($978 thousand), tree nuts ($735 thousand), and live animals ($451 thousand).

Imports

  • Nepal was the United States' 124th largest supplier of goods imports in 2019.
  • U.S. goods imports from Nepal totaled $91 million in 2019, down 7.7% ($8 million) from 2018, but up 66.3% from 2009. 
  • The top import categories (2-digit HS) in 2019 were: carpets and other textile coverings ($38 million), miscellaneous textile articles ($9 million), food waste, animal feed ($8 million), woven apparel ($6 million), and knit apparel ($4 million).
  • U.S. total imports of agricultural products from Nepal totaled $12 million in 2019. Leading categories include: essential oils ($1 million), spices ($247 thousand), snack foods ($219 thousand), tea, including herbal ($167 thousand), and feeds & fodders ($91 thousand).

Trade Balance

  • The U.S. trade balance with Nepal shifted from a goods trade deficit of $43 million in 2018 to a goods trade surplus of $31 million in 2019.

Investment

  • Data on U.S. FDI in Nepal are unavailable. There is no information on the distribution of U.S. FDI in Nepal.
  • No data on Nepal's FDI in the U.S. are available. There is no information on the distribution of Nepal FDI in the U.S.

NOTE: No services trade data with Nepal are available.
 

U.S. Goods Trade with Nepal (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

85.7

123.6

123.4

129.1

167.7

154.1

213.3

Exports

31.0

36.3

36.4

40.5

75.9

55.5

122.3

Imports

54.7

87.2

87.0

88.6

91.9

98.6

91.0

Balance

-23.7

-50.9

-50.5

-48.1

-16.0

-43.1

31.3

 

U.S. Agricultural Trade with Nepal (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

4.0

7.1

5.1

13.1

16.2

17.1

85.5

Exports

3.2

2.7

1.0

6.7

7.1

5.4

73.5

Imports

0.8

4.4

4.1

6.3

9.1

11.8

12.0

Balance

2.5

-1.6

-3.0

0.4

-2.1

-6.4

61.5

 

U.S. Manufacturing Trade with Nepal (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

76.0

108.8

100.2

115.2

143.3

132.1

138.6

Exports

26.4

30.3

22.8

32.9

66.1

48.0

53.7

Imports

49.6

78.4

77.3

82.2

77.2

84.1

84.9

Balance

-23.1

-48.1

-54.5

-49.3

-11.1

-36.1

-31.2

 

Last updated:October 2, 2020