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Nepal

Nepal ranked No. 152 in total trade value through February with a total of $25.69 million. Exports totaled $12.75 million and Imports totaled $12.94 million, a deficit of $194,302.

January – February 2019

Top Trading Ports

Total Trade: $25.69 million

RankPortTotal YTD
1Port of Newark $4,020,560
2Port of New York $3,879,559
3John F. Kennedy International Airport $3,698,801
4Los Angeles International Airport $1,936,798
5Low-Valued Imports and Exports $1,078,206
6Port of Virginia $1,011,062
7Chicago O’Hare International Airport $1,006,023
8Port of New Orleans $993,845
9Hartsfield-Jackson Atlanta International Airport $734,100
10Boston’s Logan International Airport $704,871

U.S. trade with Nepal rose to $25.69 million through February

Nepal’s trade with the United States rose to $25.69 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.73 percent above its total trade during the same time period last year. Nepal’s exports increased 128.62 percent while imports fell 18.51 percent. The U.S. deficit with Nepal was $194,302.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of New York; No. 3 John F. Kennedy International Airport; No. 4 Los Angeles International Airport; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Los Angeles International Airport No. 3 Port of Newark No. 4 Port of New Orleans and No. 5 San Francisco International Airport, Calif.. In the current time period, the top five accounted for 56.89 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 177.88 percent to $4.02 million.
    Exports rose 7888.88 percent to $3.23 million. Imports fell 43.48 percent to $794,971.
  • Trade with No. 2 Port of New York rose 1218.66 percent to $3.88 million.
    Exports totaled $3.53 million. Imports rose 18.89 percent to $349,767.
  • Trade with No. 3 John F. Kennedy International Airport fell 46.18 percent to $3.7 million.
    Exports fell 58.41 percent to $495,226. Imports fell 43.62 percent to $3.2 million.
  • Trade with No. 4 Los Angeles International Airport rose 5.14 percent to $1.94 million.
    Exports rose 54.57 percent to $730,220. Imports fell 11.91 percent to $1.21 million.
  • Trade with No. 5 Low-Valued Imports and Exports rose 166.05 percent to $1.08 million.
    Exports rose 166.05 percent to $1.08 million. There were no imports.

Nepal ranked No. 152 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 160.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Nepal by value through February were the categories of Soybeans; Low value shipments; Computers; Medical instruments for surgeons, dentists, vets; and Misc. medical chemical re-agents, respectively. They accounted for 76.98 percent of total exports to Nepal.

The value of the top five categories of U.S. imports from Nepal –– Carpets, othert textile floor coverings, knotted; Preparations for animal feeding; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; Misc. articles made from textile materials; and Antiques –– accounted for 66.61 percent of all inbound shipments.

Looking more closely at U.S. exports to Nepal:

  • Soybeans totaled $7.12 million. The previous year, there were no exports in this category.
  • Low value shipments rose 166.05 percent compared to last year to $1.08 million.
  • Computers fell 68.23 percent compared to last year to $607,169.
  • Medical instruments for surgeons, dentists, vets rose 45.44 percent compared to last year to $526,225.
  • Misc. medical chemical re-agents rose 2065.56 percent compared to last year to $483,960.

Looking more closely at U.S. imports from Nepal:

  • Carpets, othert textile floor coverings, knotted fell 15.43 percent compared to last year to $4.28 million.
  • Preparations for animal feeding rose 7.31 percent compared to last year to $1.41 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 9.2 percent compared to last year to $1.37 million.
  • Misc. articles made from textile materials rose 45.33 percent compared to last year to $846,791.
  • Antiques fell 73.47 percent compared to last year to $715,057.

In the latest annual figures available, Nepal recorded $167.58 million in trade with the United States. At year’s end, its were New York City; New Orleans; Chicago; Los Angeles; and Seattle. Total U.S. exports to Nepal were $ 75.72 million and imports from Nepal were $91.87 million. The U.S. deficit with Nepal was $16.15 million.