Nepal’s international trade increased slightly in the first two months of the current 2024-25 fiscal year, though not as high as expected, according to the Department of Customs.
The total imports and exports from mid-July to mid-September stood at 287.63 billion Nepali rupees, up from 286.19 billion rupees over the same period in 2023-24.
The imports grew by 1.08 percent to 262.54 billion rupees, while exports declined by 5.12 percent to 25.09 billion rupees.
“The imports and exports are below our projection,” said Mukti Prasad Shrestha, director at the Department of Customs.
Nepal imported Chinese goods worth 52.1 billion rupees in the first two months of 2024-25, up from 46.54 billion rupees over the same period of last fiscal year.
According to the Department of Customs figures, exports to China were valued at 290.74 million rupees, down from last fiscal year’s 543.37 million rupees. (1 Nepal rupee equals 0.0075 U.S. dollars)
