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Nepal

Nepal ranked No. 153 in total trade value through October with a total of $134.14 million. Exports totaled $47.15 million and Imports totaled $86.99 million, a deficit of $39.84 million.

U.S. trade with Nepal rose to $134.14 million through October

Nepal’s trade with the United States rose to $134.14 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.31 percent below its total trade during the same time period last year. Nepal’s exports decreased 32.97 percent while imports rose 9.82 percent. The U.S. deficit with Nepal was $39.84 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of New Orleans No. 3 Chicago O’Hare International Airport No. 4 Los Angeles International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 49.85 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 0.09 percent to $31.57 million.
    Exports rose 0.02 percent to $4.75 million. Imports rose 0.1 percent to $26.82 million.
  • Trade with No. 2 Los Angeles International Airport rose 12.34 percent to $10.53 million.
    Exports fell 2.37 percent to $3.28 million. Imports rose 20.57 percent to $7.24 million.
  • Trade with No. 3 Chicago O’Hare International Airport fell 41.95 percent to $8.69 million.
    Exports fell 67.05 percent to $3.89 million. Imports rose 51.49 percent to $4.8 million.
  • Trade with No. 4 Port of Newark rose 10.79 percent to $8.21 million.
    Exports rose 210.6 percent to $1.37 million. Imports fell 1.82 percent to $6.85 million.
  • Trade with No. 5 Port of New Orleans fell 74.88 percent to $7.87 million.
    Exports fell 92.79 percent to $1.9 million. Imports rose 19.08 percent to $5.97 million.

Nepal ranked No. 153 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 148.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Nepal by value through October were the categories of Civilian aircraft, parts; Computers; Low value shipments; Medical instruments for surgeons, dentists, vets; and Plasma, vaccines, blood, respectively. They accounted for 64.41 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; Antiques; Preparations for animal feeding; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; and Misc. articles made from textile materials –– accounted for 64.84 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 50.57 percent compared to last year to $16.2 million.
  • Computers rose 53.24 percent compared to last year to $8 million.
  • Low value shipments fell 52.63 percent compared to last year to $2.55 million.
  • Medical instruments for surgeons, dentists, vets fell 3.45 percent compared to last year to $2.31 million.
  • Plasma, vaccines, blood rose 392.33 percent compared to last year to $1.32 million.

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

  • Carpets, othert textile floor coverings, knotted rose 13.35 percent compared to last year to $28.83 million.
  • Antiques fell 17.21 percent compared to last year to $9.26 million.
  • Preparations for animal feeding rose 41.02 percent compared to last year to $7.25 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 14.12 percent compared to last year to $5.74 million.
  • Misc. articles made from textile materials rose 7.14 percent compared to last year to $5.33 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.