Nepal has registered a historic surge in exports, recording an 81.80% increase in the fiscal year (FY) 2081/82, as per the latest data from the Department of Customs. The country exported goods and services worth Rs 277.03 billion, a significant jump from Rs. 152.38 billion in the previous fiscal year.
However, imports also rose by 13.25%, reaching Rs. 1.84 trillion, up from Rs. 1.59 trillion last year. This has led to a 6% increase in the trade deficit, which now stands at Rs 1.527 trillion, compared to Rs. 1.44 trillion in the previous fiscal year.
Similarly, total foreign trade reached Rs 2.081 trillion, marking a 19.24% increase from last year’s Rs. 1.745 trillion. Exports now account for 52.47% of total trade growth, while imports contribute negatively (-5.02%) to the trade balance. Despite export growth, the widening trade deficit remains a concern for the economy.
The surge in exports indicates positive momentum in Nepal’s trade sector, but economists emphasize the need for policies to curb excessive imports and further boost domestic production.
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