KATHMANDU, Oct. 28 (Xinhua) -- Nepal's foreign trade grew by nearly 41 percent in the first quarter of the current fiscal year 2026-27 that began in mid-July, the Department of Customs said on Wednesday.
During the first quarter, Nepal's total trade reached over 761 billion Nepali rupees (about 5 billion U.S. dollars) from about 540 billion rupees in the same period of the previous fiscal year, according to statistics released by the department.
Nepal exported goods worth 114.28 billion rupees, with exports rising by 57.03 percent year on year. Imports surged by 38.18 percent to 646.78 billion rupees. With imports far exceeding exports, Nepal's trade deficit widened by 34.71 percent.
India remained Nepal's largest trading partner, accounting for over half of the country's total imports, according to the customs data. India was also the largest market for Nepali goods, accounting for over 80 percent of Nepal's export earnings. ■
