| March 2012 |
Total Exports To Nepal
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Aircraft | $8,622,729 |
2 | Rice | $1,999,666 |
3 | Low value shipments | $1,473,016 |
4 | Medical instruments for surgeons, dentists, vets | $462,017 |
5 | Whey, misc. milk products | $448,453 |
6 | Misc. vegetable fats, oils | $425,230 |
7 | Artificial filament tow | $394,175 |
8 | Electric storage batteries | $268,932 |
9 | Computers | $260,901 |
10 | Poultry, fresh, chilled or frozen | $250,000 |
Total Imports From Nepal
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Carpets, othert textile floor coverings, knotted | $7,836,363 |
2 | Antiques | $7,643,647 |
3 | Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 | $1,333,581 |
4 | Travel goods, including handbags, wallets, jewelry | $1,148,397 |
5 | Men's or boys' suits, not knit | $905,401 |
6 | Shawls, Scarves, Mufflers, Mantillas, Veils E 6214 | $495,888 |
7 | Track suits, ski-suits & swimwear | $370,160 |
8 | Jewelry, parts | $343,755 |
9 | Salvage | $339,778 |
10 | Women's or girls' suits, not knit | $339,475 |
| March 2012 |
Top Nepal Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | New York City | $15,106,600 |
2 | Los Angeles | $12,684,200 |
3 | Low Value Shipments | $1,812,794 |
4 | New Orleans | $1,740,758 |
5 | Norfolk | $1,528,268 |
6 | Houston | $1,480,979 |
7 | Cleveland | $1,246,015 |
8 | Chicago | $1,225,294 |
9 | San Francisco | $1,095,169 |
10 | Seattle | $886,496 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Nepal’s trade rose to $42,050,786 through March
Nepal’s trade with the United States rose to $42,050,786 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 61.56 percent above its total trade during the same time period last year. Nepal’s exports increased 86.25 percent while imports rose 48.63 percent. The U.S. deficit with Nepal was $8,728,674.
Through March, Nepal’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Los Angeles, No. 3 Low Value Shipments, No. 4 New Orleans and No. 5 Norfolk compared to last year when the top spots were held by No. 1 New York City, No. 2 Los Angeles, No. 3 Portland, Maine, No. 4 San Francisco and No. 5 Atlanta/Savannah. In the current time period, the top five accounted for 27.92 percent of Nepal’s U.S. trade.. That compares to -20.82 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Nepal,:
- Trade with No. 1 New York City rose 77.99 percent to $15,106,600.
Exports fell -12.19 percent to $865,464. Imports rose 89.84 percent to $14,241,136. - Trade with No. 2 Los Angeles rose 207.95 percent to $12,684,200.
Exports rose 413.92 percent to $10,083,678. Imports rose 20.57 percent to $2,600,522. - Trade with No. 3 Low Value Shipments rose 115.01 percent to $1,812,794.
Exports rose 193.00 percent to $1,473,016. Imports fell -0.18 percent to $339,778. - Trade with No. 4 New Orleans rose 63.42 percent to $1,740,758.
Exports fell -3.72 percent to $392,147. Imports rose 104.98 percent to $1,348,611. - Trade with No. 5 Norfolk rose 79.10 percent to $1,528,268.
Exports rose 233.71 percent to $601,250. Imports rose 37.72 percent to $927,018.
Through March, 7 Customs districts posted trade surpluses with Nepal while 25 had deficits. That compares with 9 surpluses and 28 deficits for the same period one year ago. The top surplus was with Los Angeles at $7,483,156, the largest deficit was with New York City at $-13,375,672.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Nepal by value through March were aircraft; rice; low value shipments; medical instruments for surgeons, dentists, vets; and whey, misc. milk products, respectively. They accounted for 78.06 percent of total exports to Nepal.
The value of the top five U.S. imports from Nepal -- carpets, othert textile floor coverings, knotted; antiques; carpets & oth text floor cover, woven, no tuf 5702; travel goods, including handbags, wallets, jewelry; and men's or boys' suits, not knit -- accounted for 74.31 percent of all inbound shipments.
Looking more closely at U.S. exports to Nepal:
- Aircraft rose 145.26 percent compared to last year to $8,622,729.
- Rice rose 162.77 percent compared to last year to $1,999,666.
- Low value shipments rose 193.00 percent compared to last year to $1,473,016.
- Medical instruments for surgeons, dentists, vets rose 261.16 percent compared to last year to $462,017.
- Whey, misc. milk products rose compared to last year to $448,453.
Looking more closely at U.S. imports from Nepal
- Carpets, othert textile floor coverings, knotted rose 28.10 percent compared to last year to $7,836,363.
- Antiques rose 384.84 percent compared to last year to $7,643,647.
- Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 22.67 percent compared to last year to $1,333,581.
- Travel goods, including handbags, wallets, jewelry rose 132.84 percent compared to last year to $1,148,397.
- Men's or boys' suits, not knit rose 57.28 percent compared to last year to $905,401.
In the latest annual figures available, Nepal recorded $26,028,124 in trade with the United States. At year’s end, its top five Customs districts were New York City, Los Angeles, San Francisco, Houston and Cleveland. Total U.S. exports to Nepal were $40,317,314 and imports from Nepal were $77,451,453. The U.S. deficit with Nepal was $-37,134,139.