Nepal

Nepal ranked No. 147 in total trade value through November with a total of $189.5 million. Exports totaled $105.3 million and Imports totaled $84.2 million, a surplus of $21.1 million.

January – November 2019

Top Trading Ports

Total Trade: $189.5 million

RankPortTotal YTD
1Port of Newark $38,028,015
2John F. Kennedy International Airport $23,860,126
3Port of Virginia $16,929,540
4Port of New York $16,699,494
5Los Angeles International Airport $10,849,543
6Low-Valued Imports and Exports $9,013,492
7Chicago O’Hare International Airport $8,097,486
8Port of New Orleans $6,989,852
9Cleveland’s Hopkins International Airport, Ohio $5,776,324
10San Francisco International Airport, Calif. $4,263,172

U.S. trade with Nepal rose to $189.5 million through November

Nepal’s trade with the United States rose to $189.5 million through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 33.01 percent above its total trade during the same time period last year. U.S. exports to Nepal increased 110.15 percent while U.S. imports from Nepal fell 8.83 percent. The U.S. surplus with Nepal was $21.1 million.

Through November, 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 Los Angeles International Airport. 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 New Orleans and No. 5 Port of Newark. In the current time period, the top five accounted for 56.13 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 345.89 percent to $38.03 million.
    Exports rose 2117.18 percent to $31.18 million. Imports fell 3.82 percent to $6.85 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 28.38 percent to $23.86 million.
    Exports fell 32.9 percent to $3.28 million. Imports fell 27.6 percent to $20.58 million.
  • Trade with No. 3 Port of Virginia rose 777.39 percent to $16.93 million.
    Exports rose 3870.63 percent to $14.86 million. Imports rose 32.87 percent to $2.07 million.
  • Trade with No. 4 Port of New York rose 494.32 percent to $16.7 million.
    Exports rose 1441.31 percent to $15.16 million. Imports fell 15.96 percent to $1.53 million.
  • Trade with No. 5 Los Angeles International Airport fell 4.87 percent to $10.85 million.
    Exports rose 13.69 percent to $3.93 million. Imports fell 12.95 percent to $6.92 million.

Nepal ranked No. 147 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 155.

Meanwhile, total U.S. trade with the world increased to $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 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 $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Nepal by value through November were the categories of Soybeans; Low value shipments; Soybean oilcake, other solid residue, not ground; Computers; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 71.7 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; Misc. articles made from textile materials; Preparations for animal feeding; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; and Jewelry, parts –– accounted for 61.47 percent of all inbound shipments.

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

  • Soybeans rose 8940.03 percent compared to last year to $49.85 million.
  • Low value shipments rose 222.42 percent compared to last year to $9.01 million.
  • Soybean oilcake, other solid residue, not ground totaled $7.48 million. The previous year, there were no exports in this category.
  • Computers fell 32.74 percent compared to last year to $5.56 million.
  • Medical instruments for surgeons, dentists, vets rose 50.19 percent compared to last year to $3.6 million.

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

  • Carpets, othert textile floor coverings, knotted fell 6.13 percent compared to last year to $29.35 million.
  • Misc. articles made from textile materials rose 31.74 percent compared to last year to $7.18 million.
  • Preparations for animal feeding fell 7.95 percent compared to last year to $6.95 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 fell 7.95 percent compared to last year to $5.58 million.
  • Jewelry, parts rose 43.31 percent compared to last year to $2.7 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.