Monthly export and import for the first 7 months of FY 2019/20. Source: Nepal Rastra Bank
Monthly export for the first 7 months of FY 2019/20. Source: Nepal Rastra Bank
Monthly import for the first 7 months of FY 2019/20. Source: Nepal Rastra Bank
Monthly export and import for the first 7 months of FY 2019/20. Source: Nepal Rastra Bank

Imports decreased by 3.6% whilst export increased by 22.4% over the corresponding period of previous year. Trade imbalance decreased by 5.3% over the corresponding year. The picture may deteriorate in coming months considering the effect of COVID-19 and decline in export of palm oil. India dominates the foreign trade representing 62.4% of total trade.

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