What is the present status of international trade in Nepal
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Present situation of foreign trade of Nepal
Nepal'sforeigntrade is in deficit. The trade is India-centered, but the government has started trade diversification by keeping trade relation with other countries. Nepal exports raw materials at a low price and imports manufactured goods at the high price.
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Nepal had a total export of 740,742.91 in thousands of US$ and total imports of 10,037,840.17 in thousands of US$ leading to a negative trade balance of -9,297,097.26 in thousands of US$The trade growth is 3.66% compared to a world growth of 5.68%. GDP of Nepal is 30,641,380,604 in current US$.
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