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Nepal

Nepal ranked No. 151 in total trade value through May with a total of $79.05 million. Exports totaled $44.33 million and Imports totaled $34.73 million, a surplus of $9.6 million.

January – May 2019

Top Trading Ports

Total Trade: $79.05 million

RankPortTotal YTD
1Port of Newark $16,703,635
2John F. Kennedy International Airport $9,908,864
3Port of New York $7,904,932
4Los Angeles International Airport $5,255,464
5Port of Virginia $5,063,137
6Low-Valued Imports and Exports $3,756,621
7Chicago O’Hare International Airport $3,358,631
8Port of New Orleans $2,814,194
9San Francisco International Airport, Calif. $2,317,358
10Cleveland’s Hopkins International Airport, Ohio $2,139,177

U.S. trade with Nepal rose to $79.05 million through May

Nepal’s trade with the United States rose to $79.05 million through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 38.77 percent above its total trade during the same time period last year. U.S. exports to Nepal increased 154.1 percent while U.S. imports from Nepal fell 12.14 percent. The U.S. surplus with Nepal was $9.6 million.

Through May, 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 New York; No. 4 Los Angeles International Airport; and No. 5 Port of Virginia. 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 Chicago O’Hare International Airport No. 4 Port of Newark and No. 5 Port of New Orleans. In the current time period, the top five accounted for 56.72 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 452.52 percent to $16.7 million.
    Exports rose 7864.51 percent to $14.27 million. Imports fell 14.35 percent to $2.44 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 28.07 percent to $9.91 million.
    Exports fell 61.96 percent to $914,023. Imports fell 20.91 percent to $8.99 million.
  • Trade with No. 3 Port of New York rose 669.18 percent to $7.9 million.
    Exports rose 1426.9 percent to $7.18 million. Imports rose 29.6 percent to $722,260.
  • Trade with No. 4 Los Angeles International Airport fell 6.76 percent to $5.26 million.
    Exports rose 2.63 percent to $2.24 million. Imports fell 12.68 percent to $3.02 million.
  • Trade with No. 5 Port of Virginia rose 812.08 percent to $5.06 million.
    Exports rose 9105.51 percent to $4.34 million. Imports rose 43.17 percent to $727,344.

Nepal ranked No. 151 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 159.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Nepal by value through May were the categories of Soybeans; Low value shipments; Medical instruments for surgeons, dentists, vets; Computers; and Civilian aircraft, parts, respectively. They accounted for 77.79 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; Misc. articles made from textile materials; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; and Value added to a returned import –– accounted for 64.21 percent of all inbound shipments.

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

  • Soybeans totaled $25.07 million. The previous year, there were no exports in this category.
  • Low value shipments rose 207.89 percent compared to last year to $3.76 million.
  • Medical instruments for surgeons, dentists, vets rose 103.09 percent compared to last year to $2.16 million.
  • Computers fell 52.72 percent compared to last year to $2.04 million.
  • Civilian aircraft, parts fell 37.02 percent compared to last year to $1.46 million.

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

  • Carpets, othert textile floor coverings, knotted fell 13.13 percent compared to last year to $12.48 million.
  • Preparations for animal feeding fell 9.19 percent compared to last year to $3.32 million.
  • Misc. articles made from textile materials rose 3.44 percent compared to last year to $2.54 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 fell 21.46 percent compared to last year to $2.26 million.
  • Value added to a returned import rose 390.27 percent compared to last year to $1.7 million.

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.