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Nepal

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
11.2
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.12
0.12
0

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs concerning Nepal and its trade relationship with the United States: United States Tariffs on Goods from Nepal: Baseline Tariff: As part of a broader trade policy change announced in early April 2025, the United States has imposed a baseline tariff of 10% on imports from most countries, including Nepal. This went into effect on April 5, 2025. Exemption from Reciprocal Tariffs: Nepal has not been subjected to the higher "reciprocal tariffs" that the U.S. has imposed on countries with significant trade surpluses. This means that the tariff rate for most goods from Nepal entering the U.S. is currently 10%. Nepal Trade Preference Program (NTPP): Importantly, Nepal benefits from the Nepal Trade Preference Program (NTPP), which grants duty-free access to the U.S. market for 77 specific tariff lines. This program, established to assist Nepal after the 2015 earthquakes, remains in effect until December 31, 2025. It's currently understood that the new 10% baseline tariff does apply to goods not covered under the NTPP.   Potential Competitive Advantage: Due to the lower tariff rate of 10% compared to higher tariffs imposed on some of Nepal's neighbors like India, Bangladesh, and China, Nepal may gain a competitive advantage in the U.S. market for certain goods.   Nepal's Tariffs on Goods from the United States: The U.S. government has stated that Nepal imposes an average tariff of around 10% on goods imported from the United States. Key Takeaways: Most Nepali goods entering the U.S. now face a 10% tariff, unless they fall under the 77 specific product categories of the NTPP, which continue to have duty-free access. Nepal appears to be in a relatively favorable position compared to some other Asian exporting nations that face significantly higher U.S. tariffs. This could create opportunities for Nepal to increase its exports to the U.S.   The NTPP, which provides duty-free access for select goods, remains a crucial element of the trade relationship until the end of 2025. Discussions regarding its potential extension or expansion are ongoing under the Trade and Investment Framework Agreement (TIFA).   The U.S. and Nepal continue to engage through the TIFA to discuss various trade and investment issues, including market access, intellectual property, and labor rights. It's important to note that international trade policies can evolve, so staying updated on any further announcements from both the U.S. and Nepali governments is advisable for businesses involved in this trade corridor.

US Negotiation Strategy

Based on recent trade data, the top imports to the US from Nepal include: Carpets and other textile floor coverings: ($53.45 Million in 2024) Residues, wastes of the food industry, animal fodder (primarily dog chews made from yak and cow milk): ($21.28 Million in 2024) Other made textile articles, sets, worn clothing: ($12.11 Million in 2024) Articles of apparel, not knit or crocheted: ($7.38 Million in 2024) Toys, games, sports requisites: ($4.66 Million in 2024) Here's a look at which states in the US can manufacture similar goods, along with examples of companies: Carpets and other textile floor coverings: Georgia: Known for its significant carpet manufacturing industry, particularly around Dalton ("Carpet Capital of the World"). Examples: Shaw Industries, Mohawk Industries, Engineered Floors. North Carolina: Also has a substantial textile manufacturing sector, including carpets and rugs. Examples: Dixie Home (part of Masland), Stanton Carpet. California: While not as dominant as Georgia, some manufacturers produce specialty and custom carpets. Examples: Decorative Carpets. Animal Fodder (specifically dog chews): Manufacturing of pet food and treats is widespread across the US. Kansas: Has a strong presence in animal health and nutrition. Examples: Hill's Pet Nutrition (Colgate-Palmolive subsidiary), Cargill.   Missouri: Also has a significant pet food manufacturing base. Examples: Nestle Purina PetCare, Blue Buffalo (General Mills subsidiary).   Many smaller, regional companies across various states also produce natural dog chews. Examples: Bully Sticks Direct (Texas), Best Bully Sticks (Pennsylvania). Other made textile articles and apparel (non-knitted/crocheted): While the US apparel manufacturing sector has declined, some states still have production, particularly in specialized areas. California: Focuses on higher-end fashion and niche apparel manufacturing. Examples: American Apparel (though now mostly online, some production remains), various private label manufacturers. North Carolina: Has a history in textile and apparel production. Examples: Parkdale Mills (yarns, but influences apparel), various smaller cut-and-sew operations.   New York: Primarily in the fashion industry, with some garment production. Examples: Several designers and smaller manufacturing houses in New York City. Toys, games, sports requisites: Toy manufacturing in the US has also shifted significantly overseas, but some companies still maintain domestic production, especially for specific types of toys or for quick-to-market needs. California: Has a concentration of toy design and some manufacturing. Examples: Mattel (though most production is overseas, some specialty items might be produced domestically), small independent toy makers. Pennsylvania: Home to some smaller toy and game manufacturers. Examples: K'NEX Brands. Wisconsin: Known for some specialty toy and game production, particularly wood toys. Examples: Plan Toys USA.   It's important to note that while the US has the capability to manufacture similar types of goods to those imported from Nepal, the scale of production, cost competitiveness, and specific product characteristics can differ significantly. Nepal often specializes in handcrafted and natural products, leveraging its unique resources and artisanal skills. The recent US tariffs on broader imports might create some opportunities for Nepalese products to be more price-competitive in the US market, as manufacturing costs in other countries with higher tariffs could increase.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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