Nepal’s Trade Deficit Surpasses Rs 7 Trillion, Imports Rising at a High Rate

According to the report published by Nepal Rastra Bank, the country's trade deficit has reached Rs 7.23 trillion in the first six months of the current fiscal year, marking a 4.4% increase.

During the review period, exports increased by 31.8% to Rs 98.79 billion, while imports grew by 7.1% to Rs 8.22 trillion. The export-import ratio has reached 12%.

Exports to India, China, and other countries grew by 46.1%, 19.7%, and 1%, respectively. In terms of commodities, exports of soybean oil, tea, polyester yarn, and cardamom have increased, while palm oil, zinc sheets, ginger, and ready-made garments have declined.

Similarly, imports of crude soybean oil, rice, transport equipment, and vehicles have surged, whereas imports of petroleum products, gold, and chemical fertilizers have declined. Additionally, imports worth Rs 88.56 billion were made from India using convertible foreign currency.