In the third quarter of the current fiscal year 2082/83, Nepal’s exports exceeded NPR 200 billion, marking an 18.46 percent increase compared to the previous year. Total imports for the first nine months have reached NPR 1.49 trillion, with petroleum products constituting the largest share at NPR 250 billion. The foreign trade deficit stands at NPR 1.267 trillion, and the import-export ratio is 6.69. India and China remain Nepal’s primary trading partners.
7 Baishakh, Kathmandu – During the third quarter (Shrawan-Chaitra) of the fiscal year 2082/83 alone, export business surpassed NPR 200 billion. This figure reflects an 18.46 percent growth compared to the same period last year. According to the Customs Department, until the end of Chaitra in the previous fiscal year, exports totaled NPR 188.19 billion. The preceding fiscal year set a new record with total exports of NPR 277.03 billion.
This year, there has been a significant increase in the export of vegetable and animal ghee oil, contributing to an overall acceleration in exports. Nepal imports these goods from third countries and re-exports them to India. Export of ghee oil exceeded NPR 10.5 billion within nine months. Additionally, spices, coffee, and tea exports surpassed NPR 1.498 billion. However, the sustainability of the current export trend is questionable due to higher growth in import-dependent goods compared to Nepal’s less competitive export products.
