Key Market Indicators
Nepal's electrical equipment export is expected to grow 1.2% year on year, reaching $4.8 million by 2026. This is an increase of 24.7% since 1999. In 2021, the country ranked 118th, with Niger placed ahead at $4.5 million. South Korea, the United States, and Germany were the second, third and fourth largest exporters respectively. Meanwhile, Nepal's electrical equipment import is forecast to grow 2.6% annually, reaching $883 million by 2026. This is an increase of 2.2% since 1999. In 2021, the country ranked 88th, with Honduras placed ahead at $758 million. The United States, Germany, and Singapore were the second, third and fourth largest importers respectively.
