Nepal’s Seven-month foreign trade records Rs 955 billion deficit

Nepal’s total foreign trade in the first seven months of the current fiscal year reached Rs 1,291.63 billion, with the trade deficit widening to over Rs 955 billion. Imports stood at Rs 1,123.48 billion, while exports totaled Rs 168 billion. The largest deficit remains with India at Rs 491 billion, followed by China at over Rs 234 billion. Petroleum products continue to account for a major share of imports. However, Nepal recorded modest trade surpluses with countries such as Romania, Norway and Iceland.