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Nepal

In 2016, Nepal GDP was an estimated $21.2 billion (current market exchange rates); real GDP was up by an estimated .6%; and the population was 29 million. (Source: IMF)

Nepal is currently our 157th largest goods trading partner with $154 million in total (two way) goods trade during 2018. Goods exports totaled $55 million; goods imports totaled $99 million. The U.S. goods trade deficit with Nepal was $43 million in 2018.

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' 168th largest goods export market in 2018.
     
  • U.S. goods exports to Nepal in 2018 were $55 million, down 26.9% ($20 million) from 2017 but up 94.3% from 2008. 
     
  • The top export categories (2-digit HS) in 2018 were: aircraft ($17 million), machinery ($12 million), optical and medical instruments ($8 million), special other (low value estimates) ($4 million), and miscellaneous grain, seeds, fruit (soybeans) ($2 million).
     
  • U.S. total exports of agricultural products to Nepal totaled $5 million in 2018.

Imports

  • Nepal was the United States' 126th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Nepal totaled $99 million in 2018, up 7.4% ($7 million) from 2017, and up 16.2% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: carpets and other textile coverings ($40 million), art and antiques ($11 million), food waste, animal feed ($8 million), miscellaneous textile articles ($8 million), and woven apparel ($6 million).
     
  • U.S. total imports of agricultural products from Nepal totaled $12 million in 2018.

Trade Balance

  • The U.S. goods trade deficit with Nepal was $43 million in 2018, a 169.0% increase ($27 million) over 2017.

Investment

  • Data on U.S. FDI in Nepal are unavailable.
     
  • No data on Nepal's FDI in the U.S. are available.

 

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

105.9

264.4

113.4

110.3

123.6

123.4

129.1

167.8

154.1

Exports

9.9

35.1

28.5

32.5

36.3

36.4

40.5

75.9

55.5

Imports

96.0

229.4

84.9

77.8

87.2

87.0

88.6

91.9

98.7

Balance

-86.1

-194.3

-56.4

-45.2

-50.9

-50.5

-48.2

-16.1

-43.2

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

2.5

0.8

4.0

4.4

7.1

5.1

13.1

16.2

17.1

Exports

0.4

0.7

3.1

1.6

2.7

1.0

6.7

7.1

5.3

Imports

2.2

0.1

0.9

2.7

4.4

4.1

6.3

9.1

11.8

Balance

-1.8

0.6

2.1

-1.1

-1.6

-3.0

0.4

-2.1

-6.4

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

NA

258.7

104.3

97.5

108.8

100.2

115.2

143.3

132.2

Exports

NA

33.5

25.2

28.1

30.3

22.8

32.9

66.1

48.0

Imports

NA

225.1

79.0

69.4

78.4

77.3

82.3

77.2

84.2

Balance

NA

-191.6

-53.8

-41.2

-48.1

-54.5

-49.3

-11.1

-36.2

Last updated: March 28, 2019


*NOTE: No services trade data with Nepal is available.