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By A Staff Reporter,Kathmandu, Apr. 21: Nepal’s export sector has witnessed a significant surge, with goods worth Rs. 188.19 billion exported in the first nine months of the current fiscal year 2024/25.
Compared to the same period last fiscal year, when exports stood at Rs. 113.94 billion, this represents a sharp increase of 65.16 per cent — a sign of healthy growth in the country’s foreign trade, according to a trade statistics of the Department of Customs made public on Sunday.
Goods worth Rs. 30.02 billion have been exported from the country in a single month of Chaitra (from March 14 to April 13, 2025). Goods worth Rs. 30 billion had been exported in the month of Falugn this year as well.
The country’s export sector has recorded impressive growth even during the nine months of the 2024/25 fiscal year, reflecting a healthy performance in the country’s foreign trade.
In the meantime, Nepal’s import trade has also improved during the review period of the current fiscal year. The country imported goods worth Rs. 1,309.53 billion during the first nine months. The import was Rs. 1,167.36 billion during the same period last fiscal year.
Goods worth Rs. 167.08 billion have been imported in a single month of Chaitra (from March 14 to April 13, 2025). The import trade has increased by 12.18 per cent during the review period as compared to same period last fiscal year.
With an increase in both exports and imports, the country’s foreign trade volume has reached Rs. 1,497.72 billion during the review period which is 16.89 per cent more than the previous year.
However, the trade deficit remains a challenge. It has widened by 6.96 per cent, reaching Rs. 1,121.33 billion during the review period. In the first nine months of 2023/24, the deficit was recorded at Rs. 1,053.42 billion.
Despite the rising trade deficit, substantial growth in exports reflects a positive trajectory for Nepal’s economy, particularly in boosting domestic production and international trade competitiveness.
The increment in the export of soybean oil, sunflower and tea and coffee has contributed to an increase in export trade during the review period.
The country has exported soybean oil worth Rs. 62.78 billion, soybean oil worth Rs. 9.2 billion and palm oil worth Rs. 1.83 billion during the review period.
Similarly, the country exported tea and coffee worth Rs. 3.64 billion, cardamom worth Rs. 6.26 billion during the first nine months of the current fiscal year. In the meantime, petroleum products worth Rs. 201 billion have been imported during the first seven months of the current fiscal year.
Diesel is the most imported commodity in the first seven months of the current fiscal year. Diesel worth Rs. 91.26 billion has been imported during the period.
Petrol worth Rs. 47.77 billion, aviation fuel worth Rs. 14.64 billion, liquefied petroleum gas worth Rs. 46.58 billion and kerosene worth Rs. 844 million were imported during the review period.
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