Nepal

Nepal ranked No. 140 in total trade value through June with a total of $92.58 million. Exports totaled $53.92 million and Imports totaled $38.66 million, a surplus of $15.26 million.

U.S. trade with Nepal rose to $92.58 million through June

Nepal’s trade with the United States rose to $92.58 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.89 percent below its total trade during the same time period last year. U.S. exports to Nepal increased 3.44 percent while U.S. imports from Nepal fell 8.47 percent. The U.S. surplus with Nepal was $15.26 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of Virginia; No. 4 Port of New York; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of New York; No. 4 Port of Virginia and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 61.83 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 1.94 percent to $19.17 million.
    Exports rose 0.23 percent to $16.82 million. Imports fell 15.12 percent to $2.35 million.
  • Trade with No. 2 John F. Kennedy International Airport rose 50.16 percent to $18.04 million.
    Exports rose 0.1 percent to $1.13 million. Imports rose 55.34 percent to $16.91 million.
  • Trade with No. 3 Port of Virginia rose 49.47 percent to $10.35 million.
    Exports rose 68.81 percent to $9.42 million. Imports fell 30.67 percent to $933,782.
  • Trade with No. 4 Port of New York fell 44.26 percent to $4.87 million.
    Exports fell 44.07 percent to $4.4 million. Imports fell 45.95 percent to $466,416.
  • Trade with No. 5 Port of Savannah, Ga. rose 1023.33 percent to $4.82 million.
    Exports rose 1020.99 percent to $4.75 million. Imports rose 1203.83 percent to $71,450.

Nepal ranked No. 140 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 147.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Nepal by value through June were the categories of Soybeans; Soybean oilcake, other solid residue, not ground; Low value shipments; Beans, peas, dried or shelled; and Computers, respectively. They accounted for 80.49 percent of total exports to Nepal.

The value of the top five categories of U.S. imports from Nepal –– Antiques; Carpets, othert textile floor coverings, knotted; Preparations for animal feeding; Misc. articles made from textile materials; and Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 –– accounted for 74.97 percent of all inbound shipments.

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

  • Soybeans fell 33.55 percent compared to last year to $18.45 million.
  • Soybean oilcake, other solid residue, not ground rose 667.71 percent compared to last year to $15.12 million.
  • Low value shipments rose 8.42 percent compared to last year to $4.8 million.
  • Beans, peas, dried or shelled totaled $3.05 million. The previous year, there were no exports in this category.
  • Computers fell 23.33 percent compared to last year to $1.98 million.

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

  • Antiques rose 861.93 percent compared to last year to $10.26 million.
  • Carpets, othert textile floor coverings, knotted fell 30.99 percent compared to last year to $10.26 million.
  • Preparations for animal feeding fell 9.47 percent compared to last year to $3.78 million.
  • Misc. articles made from textile materials fell 6.12 percent compared to last year to $2.85 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 fell 42.45 percent compared to last year to $1.83 million.

In the latest annual figures available, Nepal recorded $214.04 million in trade with the United States. Total U.S. exports to Nepal were $ 123 million and imports from Nepal were $91.04 million. The U.S. surplus with Nepal was $31.97 million.