KATHMANDU, April 6: Nepal has a total trade deficit of Rs 929.61 billion after the first eight months of the current fiscal year.

JHAPA, April 2: Nepal has been facing a trade deficit with Bangladesh for the past one decade.

JHAPA, April 3: Nepal has been facing a trade deficit with Bangladesh for the past one decade.

KATHMANDU, March 3: Cement exports have raised hopes in foreign trade due to the government’s implementation of effective policies, at a time when the country’s a significant trade deficit. The government’s encouragement of cement exports has resulted in a five-fold increase this year compared to the previous year.

KATHMANDU, Feb 21: The country's trade deficit in the first seven months of the current fiscal year has reached more than Rs 811 billion.

KATHMANDU, Jan 22: Nepal’s earnings from exports stood only one-tenth of its import expenses in the first half of the current fiscal year.

While export earnings declined 7.23 percent, import expenses fell 3.09 percent in the first half of the current fiscal year compared to the same period of last year. In the review period, Nepal had a trade deficit of Rs 424.44 billion alone with India.

KATHMANDU, Jan 18: Deputy Prime Minister (DPM) and Home Minister Narayan Kaji Shrestha has emphasized that hydroelectricity is the major means for reducing trade deficit and taking the country ahead towards prosperity, and the government has kept it in main priority.

KATHMANDU, Dec 25: Nepal recorded a trade deficit of Rs 579 billion in the first five months of the current fiscal year, which is attributed to a notable fall in the import expenses.

KATHMANDU, Dec 1: The value of the US dollar has reached an all-time high against the Nepali Rupee.

KATHMANDU, Nov 24:  Nepal’s trade deficit in the first four months of the current Fiscal Year (FY) 2023/24 has surpassed Rs 460 billion.

KATHMANDU, Oct 30: Nepal’s trade deficit stood at Rs 366.88 billion, an increase by 2.15 percent, in the first quarter of the current fiscal year.

Tucked between the towering Himalayas, Nepal has a rich cultural heritage and spectacular natural scenery. However, underneath this lovely frontage lies a complex economic issue – a persistent trade deficit.

KATHMANDU, Sept 19: Governor of the Nepal Rastra Bank (NRB), Maha Prasad Adhikari, has said the situation of trade deficit would end if power worth Rs 130 billion is exported annually.

KATHMANDU, Aug 3: Despite the government's efforts to increase domestic production and reduce the trade deficit, Nepal continues to experience trade imbalances with more than 133 countries. In the fiscal year 2022/23, Nepal engaged in trade with over 171 countries, but only managed to achieve a trade surplus with 38 of them.

In the midst of various challenges faced by Nepal in narrowing down its widening trade deficit, one significant ray of hope emerges in the form of the surging momentum seen in the export of cement. The FY 2022/23 witnessed Nepal earning around Rs 780 million from cement exports, a feat not to be underestimated.

KATHMANDU, July 25: Nepal suffered a trade deficit of Rs 1.454 trillion, a decline of 15.45 percent, in the last fiscal year, thanks to the government adopting measures to check imports citing the depleting foreign currency reserves along with a fall in the income of people due to recession.

The country spent a hefty amount on imports of petroleum and agricultural products

Nepal is currently facing various macroeconomic problems such as low economic growth, truncated capital expenditure, high trade deficit, dwindling revenue, rising public debt, and falling demand. Likewise, industrial businesses have not been able to operate at full capacity, with some industries even reaching the point of closure.

KATHMANDU, May 24: The country's trade deficit in the first 10 months of th4e current fiscal year stands at Rs 1.2 trillion.

JHAPA, May 20: Nepal’s trade deficit with Bhutan is over Rs 126 billion in the past five years. Exports and imports with Bhutan and Bangladesh are taking place through Kakadbhitta transit in the eastern border of the country.

Nepal has requested for preferential treatment of its primary products in bilateral trade with China to help address the widening trade deficit between the two countries. During the 15th meeting of the Bilateral Diplomatic Consultation Mechanism held in Beijing on Friday, Nepal's Foreign Secretary Bharat Raj Paudyal, who led the Nepali delegation, proposed preferential treatment of Nepal's primary products such as tea, coffee, herbal products, cooked buffalo meat, and other agricultural products.

KATHMANDU, Feb 22: Nepal’s import expense climbed to Rs 126.50 billion in the past one month during mid-January and mid-February after the government completely lifted the restrictions on imports.

KATHMANDU, Jan 24: Nepal’s trade deficit declined 19.15 percent in the first six months of the current fiscal year due to a notable fall in the import expenses.

KATHMANDU, Nov 23: Nepal withstood a trade deficit of Rs 587.46 billion in the first four months of the current fiscal year, a drop of 19.79 percent than the amount during the same period last year.

KATHMANDU, OCT 31: Nepal’s trade deficit hit Rs 359.17 billion in the first three months of the current fiscal year, which was 13.13 percent less compared to that of the same period last year.

KATHMANDU, Sept 25: Nepal’s trade deficit lessened by 9.45 percent to Rs 302.28 billion as of the first two months of the current fiscal year.

KATHMANDU, August 24: Nepal recorded a trade deficit of Rs 116.47 billion in the first month of the current fiscal year, a fall of 10.38 percent compared to the same period in the last fiscal year.

KATHMANDU, July 7: About half of the total credit issued by banks and financial institutions (BFIs) is contributing to increase the trade deficit significantly, shows a study report conducted by the Confederation of Banks and Financial Institutions Nepal (CBFIN).

KATHMANDU, June 16: Prime Minister Sher Bahadur Deuba has said that it is the government's priority to reduce the trade deficit through export promotion and making domestic products of the highest quality.

KATHMANDU, June 10: Nepal's trade deficit has increased by 30.5 percent in the first 10 months of current fiscal year 2021/22 as compared to corresponding period of the previous fiscal year.

KATHMANDU, May 24: The country's foreign trade deficit has reached Rs 1 trillion 431 billion and 300 million in the first 10 months of the current fiscal year, 2021/22. This is 24.94 percent more than the trade deficit recorded in the corresponding period of last fiscal year.

KATHMANDU, May 19: Minister for Urban Development, Ram Kumari Jhakri has said that the vehicles running on petroleum products should be converted into electric vehicles as the import of petroleum products has increased the country’s trade deficit.

KATHMANDU, April 22: The country has witnessed an increase in its exports by 69.44 percent in the last nine months of the current fiscal year 2021/22, compared to corresponding period of the last fiscal year 2020/21.

KATHMANDU, April 19: Nepal Chamber of Commerce (NCC) and Nepal Handicrafts Federation have decided to work in cooperation to help reduce the yawning trade deficit. Realizing the fact that Nepali handicrafts have established Nepal's identity in the international market and contributed to reduce trade loss, they have agreed to further enhance their cooperation.

KATHMANDU, March 22: Prime Minister Sher Bahadur Deuba on Tuesday directed the government bodies concerned to forward policies and programs that could help reduce the country’s widening trade deficit.

KATHMANDU, Feb 22: Nepal spent Rs 343.82 billion more money to import foreign goods during the first seven months of the current fiscal year, compared to the same period of the previous year.

KATHMANDU, Jan 23: Nepal’s trade deficit reached Rs 880.49 billion in the first half of the current fiscal year, which was 46.64 percent more than the value during the same period last year.

KATHMANDU, Dec 23: Nepal’s trade balance in the first five months plunged to a negative Rs 735.48 billion, despite the country achieving a notable gain in its export earnings.

PARSA, Dec 5: The export of Nepali products to neighboring India and other countries through the Birgunj Customs Office has increased significantly in the first quarter of the current fiscal year, 2021/22.

KATHMANDU, Nov 24: Nepal’s trade deficit in the first four months of the current fiscal year widened by 56.83 percent compared to the same period in 2020/21 despite a notable rise in the export earnings during the period.

KATHMANDU, Nov 14: Imports have skyrocketed amid declining remittance inflows to the country and declining dollar reserves. Compared to last year, imports have increased by 63.73 percent in the first three months of the current Fiscal Year. Trade deficit has increased by 58 percent to Rs 413 billion.

KATHMANDU, Oct 26: Nepal’s trade deficit widened by 68.13 percent to Rs 543.57 billion in the first three months of the current fiscal year.

KATHMANDU, Oct 10: Nepal’s import expense on silver surged multifolds in the first two months of the current fiscal year.

KATHMANDU, Sept 27: Nepal’s trade deficit surged by a whopping 70.75 percent in the first two months of the current fiscal year on the back of the country’s soaring import expense.

KATHMANDU, July 22: Nepal’s trade deficit in the last fiscal year rose 27.26 percent to Rs 1.398 trillion despite a notable rise in export earnings during the period.

KATHMANDU, June 23: Nepal’s trade deficit rose by 24.61 percent in the first eleven months of the current fiscal year on the soaring imports compared to the slow export growth.

KATHMANDU, May 25: Nepal’s earnings from merchandise exports crossed Rs 100 billion during the first ten months of the current fiscal year.

KATHMANDU, April 22: Nepal imported goods worth Rs 1.11 trillion in the first nine months of the current fiscal year, which is almost equal to the total import expenses of Rs 1.19 trillion that the country made in the entire period of fiscal year 2019/20.

KATHMANDU, April 13: Nepal’s trade deficit that was on the path of correction mode in the past several months has started to worsen again with escalating imports following a decline in the negative impacts of the COVID-19.