Kathmandu: In the first seven months of the current fiscal year, Nepal recorded foreign trade worth Rs 1 trillion 291 billion 63 crore 20 lakh. According to the Department of Customs, during the review period, imports amounted to Rs 1 trillion 123 billion 48 crore 62 lakh, while exports stood at Rs 168 billion 14 crore 58 lakh.
During this period, the country faced a trade deficit of Rs 955 billion 34 crore 3 lakh.
With India, in the past seven months, Nepal imported goods worth Rs 629 billion 29 crore 59 lakh and exported goods worth Rs 137 billion 51 crore 74 lakh, resulting in a trade deficit of Rs 491 billion 77 crore 51 lakh.
With China, imports amounted to Rs 235 billion 38 crore 23 lakh, while exports were only Rs 90 crore 1 lakh, leading to a trade deficit of Rs 234 billion 48 crore 22 lakh.
According to the data published by the department, Nepal also recorded trade deficits with:
Argentina: Rs 66 billion 11 crore 66 lakh
United Arab Emirates: Rs 39 billion 77 crore 98 lakh
Indonesia: Rs 12 billion 64 crore 45 lakh
Meanwhile, countries where Nepal recorded trade surplus include:
Romania: Rs 5 crore 52 lakh
Norway: Rs 3 crore 33 lakh
Iceland: Rs 2 crore 57 lakh
Petroleum products accounted for the highest imports. During this period:
Diesel worth Rs 69 billion 91 crore 22 lakh
Petrol worth Rs 38 billion 13 crore 86 lakh
Cooking gas worth Rs 31 billion 85 crore 9 lakh
Other imports included:
Iron and iron products worth Rs 31 billion 9 crore 12 lakh
Smartphones worth Rs 21 billion 32 crore 61 lakh
Crude soybean oil worth Rs 59 billion 13 crore 82 lakh
Gold worth Rs 21 billion 20 crore
Among exports, the highest was:
Soybean oil worth Rs 66 billion 78 crore 87 lakh
Other exported goods included:
Cardamom worth Rs 8 billion 61 crore 20 lakh
Sunflower oil worth Rs 5 billion 78 crore
Carpets worth Rs 5 billion 71 crore 88 lakh 69 thousand
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