Nepal’s foreign trade deficit has surged to Rs 649.68 billion in the first five months of the current fiscal year (mid-July to mid-December), according to the latest data from the Department of Customs. The country’s total foreign trade volume during the period reached Rs 882.69 billion.
Imports stood at Rs 766.18 billion, while exports amounted to Rs 116.50 billion. Compared to the same period last fiscal year, imports increased by 15.83 percent, and exports recorded a significant rise of 58.17 percent.
The data shows that Nepal’s trade deficit with India reached Rs 339.02 billion. Imports from India were valued at Rs 434.06 billion, while exports totaled Rs 95.04 billion. Similarly, imports from China stood at Rs 163.73 billion, against exports of just Rs 466.8 million.
On the positive side, Romania emerged as the top country with which Nepal recorded a trade surplus, totaling Rs 63.4 million. The country also maintained trade surpluses with Sweden and Iraq during the review period.
Petroleum products continued to dominate Nepal’s import list, with diesel imports worth Rs 45.6 billion, petrol worth Rs 27.33 billion, and cooking gas worth Rs 22.39 billion. Other major imports included smartphones amounting to Rs 19.13 billion, crude soybean oil worth Rs 46.97 billion, and iron products valued at Rs 21.84 billion.
Soybean oil was the single largest import commodity, with imports totaling Rs 46.55 billion. Nepal also imported large cardamom worth Rs 5.53 billion, carpets valued at Rs 4.13 billion, and sunflower oil worth Rs 3.73 billion during the period.
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