KATHMANDU, May 21: Nepal's total foreign trade amounted to Rs 1692 billion in ten months of current Fiscal Year (FY) 2024/25.
According to the data of the Department of Customs (DoC), this marks an 18.37 percent increase in trade compared to the same period last year, during which the total foreign trade was Rs 1429.53 billion.
Nepal’s foreign trade declines, trade deficit reaches over Rs 1...
In the current FY's 10-month period, foreign trade has increased along with a rise in both imports and exports. Imports accounted for 87.12 percent, while exports made up 12.88 percent of the total trade. Accordingly, the country’s trade deficit has exceeded Rs 1250 billion.
According to the data from the DoC, by mid-April, the trade deficit stood at Rs 1256 billion. In comparison, the trade deficit during the same period last year was Rs 1.18 trillion.
DoC records show that the country imported goods worth Rs 1474.1 billion during the review period. During the same period last year, goods worth Rs 1334 billion were imported into Nepal. This shows a 13.11 percent increase in imports.
Similarly, Nepal’s exports increased by 72.71 percent by mid-April, during which the export value stood at Rs 217.91 billion. During the same period last year, goods worth Rs 126.17 billion were exported from Nepal.
