Nepal's Trade Deficit Rises 24.9% in First Month of FY
Summary
Nepal’s merchandise trade deficit widened 24.9 percent to Rs 148.74 billion in the first month of the current fiscal year. Exports rose 61.7 percent and imports climbed 31.0 percent, driven by higher shipments to India and China and increased imports of petroleum products and fertilizers.
Key Points
- Nepal’s merchandise trade deficit rose 24.9 percent to Rs 148.74 billion in the first month of the current fiscal year.
- Merchandise exports increased 61.7 percent to Rs 38.70 billion, with sharp growth in shipments to India and China.
- Exports of soybean oil, palm oil, polyester yarn, jute goods and particle board increased, while Ayurvedic medicines, herbs and some other items declined.
- Merchandise imports rose 31.0 percent to Rs 187.44 billion, led by petroleum products, chemical fertilizers, edible oil and crude soybean oil.
