Merchandise exports increase 43.8 pc, imports 14.2 pc in six months: NRB data

KATHMANDU: Nepal's merchandise exports increased 43.8% to Rs 142.02 billion during the first six months of fiscal year 2025/26 compared to a growth of 31.8% in the corresponding period of the previous year, according to the macroeconomic and financial situation report released by Nepal Rastra Bank (NRB) on Monday.

By destination, exports to India and other countries rose 57.0% and 10.7% respectively, while exports to China declined 66.7%. Exports of soyabean oil, cardamom, palm oil, jute goods, and shoes and sandals, among others, increased, whereas exports of zinc sheet, particle board, tea, woollen carpet, handicraft goods and other handicrafts, among others, decreased in the review period.

Likewise, merchandise imports grew 14.2% to Rs 939.02 billion in the review period, compared to a 7.1% increase a year earlier. Imports from India, China and other countries rose 5.9%, 22.1% and 32.4% respectively. Imports of crude soyabean oil, chemical fertiliser, transport equipment, vehicle and spare parts, silver and gold, among others, increased, whereas imports of hot rolled sheet in coil, edible oil, garlic, pulses and oil seeds products, among others, decreased.

The total trade deficit widened 10.1% to Rs 797.00 billion during the six months of 2025/26. Such a deficit had increased 4.4% in the corresponding period of the previous year. The export‑import ratio improved to 15.1% in the review period from 12.0% a year earlier.

The NRB also reported that merchandise imports from India against payment in convertible foreign currency amounted to Rs 86.86 billion in the review period. Such an amount was Rs 88.56 billion in the same period of the previous year.