Nepal’s Trade Deficit Widens by 6.2% Despite 46.5% Surge in Exports

Nepal’s trade deficit expanded by 6.2% year-on-year in the first seven months of FY25, despite a significant 46.5% rise in exports, according to the latest data from the Department of Customs.  

Total foreign trade increased by 13.3% to Rs 1,115.79 billion by mid-February 2025, up from Rs 984.77 billion in the same period last year. Imports rose by 10.09% to Rs 988.58 billion, while exports surged to Rs 127.2 billion, compared to Rs 86.83 billion in the corresponding period last year.  

As a result, Nepal’s trade deficit reached Rs 861.38 billion, up from Rs 811.11 billion in the same period last fiscal year.