Turkey-Nepal Economic and Trade Relations

Economy of Nepal (2017)

GDP (billion $)

24,9

GDP Growth Rate (%)

7,9

Population(million)

29,7

GDP Per Capita ($)

846

Inflation Rate (%)

4,5

Unemployment rate (%)

3

Exports(million $)

740,7

Imports(million $)

10,1

Bilateral Trade Volume (million$)

94,2

References: EIU, World Bank

Main Trade Partners: India, USA, China,Turkey,Germany.

Main Export Items: Handmade carpets, syntethic ropes, plastics

Main Import Items: Fuel, oils, electronics, iron&steel, vehicles

Bilateral Economic and Commercial Relations

Bilateral Trade (million $)

Year

Export

Import

Volume

Balance

2015

47

15,8

62,8

+31,2

2016

10

31,3

41,3

-21,3

2017

39,9

54,9

94,8

-15,0

2018

53,1

41,1

94,2

+12

2019/first 4 months

18

8,2

26,2

+9,8

References: TÜİK

Main Export Items of Turkey: Valuable stones, metals, carpets

Main Import Items of Turkey: Hand made carpets, metal wires

Turkish – Nepalese Business Council: It was established in 2012. Business people of both countries are also in direct contact.

Firms: In February 2019, a Turkish firm together with CG Corp Global (CG Communication and CG LIFECELL) started to invest in communication sector in Nepal.

Tourism: Very few Nepali tourists visit Turkey.

Aids: In 2009, Turkey donated 97.500 USD for the construction of girl’s dormitory of the University of Katmandu.