Singapore-Nepal Bilateral Trade Analysis 2023
Complete trade statistics: $187.05M total volume •Singapore surplus: $175.62M
Singapore → Nepal
$181.34M
Exports (2023)
Nepal → Singapore
$5.71M
Imports (2023)
Trade Balance
$175.62M
Surplus for Singapore
Total Trade
$187.05M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Singapore and Nepal. Green line shows exports from Singapore, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Singapore-Nepal commercial relationship and competitive positioning in global markets.
Singapore → Nepal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Singapore's export portfolio to Nepal demonstrates strategic specialization, with food preparations: n.e.c. in item no. 2106.10 representing a key competitive advantage in this bilateral market.
Nepal → Singapore Imports
Import Dependency Profile
📦 Import Strategy Analysis
Singapore's import pattern from Nepal reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Singapore demonstrates competitive strength in exportingfood preparations: n.e.c. in item no. 2106.10 to Nepal, 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: Singapore-Nepal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $187.05 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Singapore maintains a surplus of $175.62 million
- Export Focus: Singapore's primary exports 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
- Import Dependencies: Key imports from Nepal 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
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 Singapore leveraging its comparative advantages in food preparations: n.e.c. in item no. 2106.10.
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
Singapore's specialization in food preparations: n.e.c. in item no. 2106.10complements Nepal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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.
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 food preparations: n.e.c. in item no. 2106.10 and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Singapore's trade surplus of $175.62 million strengthens 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 Singapore and Nepal represents a total trade volume of $187.05 million in 2023. This partnership demonstrates a favorable trade balance for Singapore, with exports exceeding importsby $175.62 million.
Export Strengths
Singapore's exports to Nepal total $181.34 million, with competitive advantages in food preparations: n.e.c. in item no. 2106.10, representing $24.84M or13.7% of bilateral exports.
Import Dependencies
Imports from Nepal amount to $5.71 million, highlighting economic interdependence 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, 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 comprising44.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Singapore's competitive position in this bilateral relationship. 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
Access detailed trade data between Singapore and Nepal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023