Nepal is running a trade deficit with countries including India, China, Argentina, UAE, Indonesia, Thailand, Brazil, Malaysia, Australia, Qatar, Canada, and Japan.
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Although Nepal trades with more than 148 countries, is trade with all of them profitable? According to the statistics of the Customs Department, Nepal trades profitably with 34 countries and trades in deficit with 114 countries.
According to the Customs Department, it has been doing profitable trade with countries including Denmark, Romania, Sweden, Niger, Iraq, Samoa, Iceland, Seychelles, New Caledonia, Fiji, Lebanon, Norway, and Colombia.
While importing goods worth Rs 69.735 million from Denmark, Nepal has exported goods worth Rs 45.33 million. With Romania, it has made a profit of Rs 63.469 million. While importing goods worth Rs 17.830 million from Romania, Nepal has exported goods worth Rs 81.299 million.
It is doing loss-making trade with countries including India, China, Argentina, UAE, Indonesia, Thailand, Brazil, Malaysia, Australia, Qatar, Canada, and Japan.
According to the department, Nepal has exported goods worth Rs 95.42 billion while importing goods worth Rs 434 billion from India. Nepal has exported goods worth Rs 466.8 million while importing goods worth Rs 163.73 billion from China. The department does not publish the data of countries with trade of less than Rs 100,000 separately.
