India continues to hold its position as Nepal’s largest trading partner, according to the latest Nepal Trade Statistics released by the Department of Customs. As of mid-September in the fiscal year 2024-25, Nepal’s trade deficit reached NPR 237.45 billion.
Nepal currently maintains trade relations with 145 countries, but has a trade deficit with over 100 of them. Among its neighbors, Nepal faces the highest trade deficit with India and China, amounting to NPR 144.67 billion and NPR 51.80 billion, respectively.
Nepal exports a variety of goods to India, including hydroelectric power, resin, agricultural produce, yarn, pashmina shawls, hide and skins, handicrafts, as well as silver and gold jewelry. On the other hand, Nepal’s imports from India primarily consist of petroleum products, chemical fertilizers, salt, sugar, rice, vehicles, copper, and cotton, among other items.
Sweta Singh (Kathmandu)