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Nepal

Nepal ranked No. 152 in total trade value through March with a total of $43.76 million. Exports totaled $23.88 million and Imports totaled $19.88 million, a surplus of $4 million.

January – March 2019

Top Trading Ports

Total Trade: $43.76 million

RankPortTotal YTD
1Port of Newark $8,361,063
2John F. Kennedy International Airport $5,921,870
3Port of New York $4,938,994
4Los Angeles International Airport $3,166,488
5Low-Valued Imports and Exports $2,024,390
6Chicago O’Hare International Airport $1,957,296
7Port of Virginia $1,844,763
8Port of New Orleans $1,718,755
9San Francisco International Airport, Calif. $1,508,881
10Dulles International Airport, Washington D.C., Va. $1,079,479

U.S. trade with Nepal rose to $43.76 million through March

Nepal’s trade with the United States rose to $43.76 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 28.98 percent above its total trade during the same time period last year. Nepal’s exports increased 165.55 percent while imports fell 20.27 percent. The U.S. surplus with Nepal was $4 million.

Through March, 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 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 Chicago O’Hare International Airport No. 3 Los Angeles International Airport No. 4 Port of Newark and No. 5 Port of New Orleans. In the current time period, the top five accounted for 55.78 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 345.92 percent to $8.36 million.
    Exports rose 16907 percent to $6.87 million. Imports fell 18.56 percent to $1.49 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 37.17 percent to $5.92 million.
    Exports fell 65.39 percent to $621,734. Imports fell 30.52 percent to $5.3 million.
  • Trade with No. 3 Port of New York rose 1553.25 percent to $4.94 million.
    Exports totaled $4.45 million. Imports rose 64.02 percent to $489,990.
  • Trade with No. 4 Los Angeles International Airport fell 7.53 percent to $3.17 million.
    Exports rose 16.36 percent to $1.53 million. Imports fell 22.35 percent to $1.64 million.
  • Trade with No. 5 Low-Valued Imports and Exports rose 234.41 percent to $2.02 million.
    Exports rose 234.41 percent to $2.02 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. 159.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Nepal by value through March were the categories of Soybeans; Low value shipments; Computers; Medical instruments for surgeons, dentists, vets; and Unrecorded media for audio, respectively. They accounted for 74.29 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 66.76 percent of all inbound shipments.

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

  • Soybeans totaled $12.84 million. The previous year, there were no exports in this category.
  • Low value shipments rose 234.41 percent compared to last year to $2.02 million.
  • Computers fell 60.23 percent compared to last year to $1.19 million.
  • Medical instruments for surgeons, dentists, vets rose 87.09 percent compared to last year to $985,703.
  • Unrecorded media for audio rose 4843.75 percent compared to last year to $705,967.

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

  • Carpets, othert textile floor coverings, knotted fell 12.56 percent compared to last year to $7.31 million.
  • Preparations for animal feeding rose 23.12 percent compared to last year to $2.17 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 fell 19.32 percent compared to last year to $1.66 million.
  • Misc. articles made from textile materials rose 5.65 percent compared to last year to $1.29 million.
  • Antiques fell 69.29 percent compared to last year to $849,057.

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.