Nepal's trade deficit hits Rs 649.68 billion in first five months
Summary
Nepal's trade deficit reached Rs 649.68 billion in the first five months of the fiscal year, driven by a 15.83% rise in imports and a 58.17% increase in exports. India remains the largest trading partner with a significant trade deficit. Key imports include petroleum products and soybean oil, while notable exports feature large cardamom and carpets.
Key Points
- Nepal's foreign trade deficit widened sharply to Rs 649.68 billion in the first five months of the fiscal year.
- Total foreign trade was Rs 882.69 billion, with imports of Rs 766.18 billion and exports of Rs 116.50 billion.
- Imports grew by 15.83% and exports surged by 58.17% compared to the same period last year.
- India is Nepal's largest trading partner, with a trade deficit of Rs 339.02 billion.
