Nepal-Singapore Bilateral Trade Analysis 2023
Complete trade statistics: $187.05M total volume •Nepal deficit: $175.62M
Nepal → Singapore
$5.71M
Exports (2023)
Singapore → Nepal
$181.34M
Imports (2023)
Trade Balance
$175.62M
Deficit for Nepal
Total Trade
$187.05M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Nepal and Singapore. Green line shows exports from Nepal, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Nepal-Singapore commercial relationship and competitive positioning in global markets.
Nepal → Singapore Exports
Export Market Intelligence
🎯 Strategic Export Focus
Nepal's export portfolio to Singapore demonstrates strategic specialization, with plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered representing a key competitive advantage in this bilateral market.
Singapore → Nepal Imports
Import Dependency Profile
📦 Import Strategy Analysis
Nepal's import pattern from Singapore reveals significant dependencyin food preparations: n.e.c. in item no. 2106.10, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Nepal demonstrates competitive strength in exportingplants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered to Singapore, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $187.05M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Nepal-Singapore Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $187.05 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Nepal maintains a deficit of $175.62 million
- Export Focus: Nepal's primary exports include plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered, sculptures and statuary: original, in any material, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
- Import Dependencies: Key imports from Singapore include food preparations: n.e.c. in item no. 2106.10, turbo-propellers: of a power exceeding 1100kw, telephones for cellular networks or for other wireless networks
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $187.05M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Nepal leveraging its comparative advantages in plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Nepal's specialization in plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powderedcomplements Singapore's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in food preparations: n.e.c. in item no. 2106.10.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $187.05M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $187.05M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $187.05 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered and food preparations: n.e.c. in item no. 2106.10 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Nepal's trade deficit of $175.62 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Nepal and Singapore represents a total trade volume of $187.05 million in 2023. This partnership demonstrates an unfavorable trade balance for Nepal, with imports exceeding exportsby $175.62 million.
Export Strengths
Nepal's exports to Singapore total $5.71 million, with competitive advantages in plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered, representing $2.54M or44.4% of bilateral exports.
Import Dependencies
Imports from Singapore amount to $181.34 million, highlighting economic interdependence in food preparations: n.e.c. in item no. 2106.10, with Food preparations: n.e.c. in item no. 2106.10 comprising13.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Nepal's strategic sourcing from Singapore. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023