Exports Surge by 81%, Trade Deficit Crosses NPR 1.5 Trillion

In the fiscal year 2081/82, Nepal's total foreign trade reached NPR 1.745 trillion, according to the Department of Customs. While exports surged by 81.8%, imports increased by 13.25% compared to the previous year.

Trade Figures for FY 2081/82 vs. 2080/81

Indicator 2081/82 (Current Year) 2080/81 (Previous Year) Change
Total Trade NPR 1.745 trillion NPR 1.745 trillion (same) -
Imports NPR 1.804 trillion NPR 1.592 trillion +13.25%
Exports NPR 277.3 billion NPR 152.38 billion +81.8%
Trade Deficit NPR 1.527 trillion NPR 1.440 trillion +6%

Key Takeaways:

  • Despite an 81% surge in exports, the trade deficit still widened by 6%, crossing NPR 1.5 trillion.

  • Imports remain dominant, accounting for NPR 1.804 trillion compared to NPR 277.3 billion in exports.

  • The trade deficit rose from NPR 1.440 trillion (2080/81) to NPR 1.527 trillion (2081/82).

Analysis:

  • Export growth is positive but insufficient to offset the high import dependency.

  • Trade imbalance persists, indicating Nepal’s reliance on foreign goods.