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Nepal

Nepal ranked No. 150 in total trade value through June with a total of $94.37 million. Exports totaled $52.13 million and Imports totaled $42.24 million, a surplus of $9.89 million.

January – June 2019

Top Trading Ports

Total Trade: $94.37 million

RankPortTotal YTD
1Port of Newark $19,549,385
2John F. Kennedy International Airport $12,013,995
3Port of New York $8,732,098
4Port of Virginia $6,925,458
5Los Angeles International Airport $6,203,559
6Chicago O’Hare International Airport $4,601,794
7Low-Valued Imports and Exports $4,431,569
8Port of New Orleans $3,355,274
9Cleveland’s Hopkins International Airport, Ohio $2,733,005
10San Francisco International Airport, Calif. $2,642,443

U.S. trade with Nepal rose to $94.37 million through June

Nepal’s trade with the United States rose to $94.37 million through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.74 percent above its total trade during the same time period last year. Nepal’s exports increased 84.22 percent while imports fell 8.5 percent. The U.S. surplus with Nepal was $9.89 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 New York; No. 4 Port of Virginia; 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 Greater Rockford Airport, Ill. No. 3 Los Angeles International Airport No. 4 Chicago O’Hare International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 56.61 percent of Nepal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 433.67 percent to $19.55 million.
    Exports rose 9264.8 percent to $16.78 million. Imports fell 20.41 percent to $2.77 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 23.91 percent to $12.01 million.
    Exports fell 60.8 percent to $1.13 million. Imports fell 15.7 percent to $10.89 million.
  • Trade with No. 3 Port of New York rose 615.7 percent to $8.73 million.
    Exports rose 1572.84 percent to $7.87 million. Imports rose 15.1 percent to $862,902.
  • Trade with No. 4 Port of Virginia rose 1147.56 percent to $6.93 million.
    Exports rose 11744 percent to $5.58 million. Imports rose 165.11 percent to $1.35 million.
  • Trade with No. 5 Los Angeles International Airport fell 3.33 percent to $6.2 million.
    Exports rose 8.71 percent to $2.48 million. Imports fell 9.97 percent to $3.73 million.

Nepal ranked No. 150 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 157.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 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 $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Nepal by value through June were the categories of Soybeans; Low value shipments; Computers; Medical instruments for surgeons, dentists, vets; and Soybean oilcake, other solid residue, not ground, respectively. They accounted for 75.03 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 Value added to a returned import –– accounted for 64.53 percent of all inbound shipments.

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

  • Soybeans totaled $27.77 million. The previous year, there were no exports in this category.
  • Low value shipments rose 196.74 percent compared to last year to $4.43 million.
  • Computers fell 50.53 percent compared to last year to $2.58 million.
  • Medical instruments for surgeons, dentists, vets rose 81.18 percent compared to last year to $2.36 million.
  • Soybean oilcake, other solid residue, not ground totaled $1.97 million. The previous year, there were no exports in this category.

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

  • Carpets, othert textile floor coverings, knotted fell 11.02 percent compared to last year to $14.87 million.
  • Preparations for animal feeding fell 8.25 percent compared to last year to $4.17 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 fell 3.88 percent compared to last year to $3.18 million.
  • Misc. articles made from textile materials rose 9.66 percent compared to last year to $3.04 million.
  • Value added to a returned import rose 466.83 percent compared to last year to $1.99 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.