Argentina Ranks Third Among Nepal’s Largest Import Partners: Key Imported Products Revealed

In the first 10 months of the current fiscal year, Nepal has engaged in import/export trade with more than 150 countries. India, China, and Argentina are the main trading partners of Nepal. From Argentina, the primary imports include crude soybean oil, sunflower oil, corn, dry beans, and sesame seeds.

May 24, Kathmandu – Data shows that Nepal has conducted trade with over 150 countries during the first 10 months of the current fiscal year (mid-July to mid-April). However, the majority of the trade volume is concentrated with a few countries. India holds the top position, followed by China in second place, and Argentina ranks third. Argentina, a South American country, is geographically distant from Nepal.

During this fiscal year, Nepal imported goods worth NPR 9.527 billion from Argentina, while exports to Argentina remained low at NPR 3.6 million.

According to the statistics, the main imports from Argentina are crude soybean oil and crude sunflower oil. These oils are processed in Nepal with value additions and then exported primarily to India.

Within 10 months, Nepal imported 503.1 million liters of crude soybean oil from Argentina, valued at approximately NPR 8.1 billion. Additionally, 82.9 million liters of crude sunflower oil were imported, with an estimated cost of NPR 1.336 billion.

Moreover, Nepal imported 778,000 kilograms of corn from Argentina, worth about NPR 76.3 million. Dry beans/seeds imports totaled 75,000 kilograms with a cost of NPR 9.724 million. Sesame seed imports amounted to 117,300 kilograms, valued at NPR 263.92 million, according to the data.