KATHMANDU, NOVEMBER 24

The country's trade deficit in the first four months of the current fiscal year 2080-81 BS (2023-24) has surpassed Rs 460 billion.

According to data released by the Department of Customs, the trade deficit reached Rs 461 billion, 938 million, and 93 thousand by mid-November.

During this period, the country's foreign trade value exceeded Rs 563 billion, with imports totaling over Rs 512 billion and exports amounting to Rs 50.56 billion.

Comparing these figures to the corresponding period in the last fiscal year, imports decreased by 3.79 percent, exports by 7.68 percent, trade deficit by 3.34 percent, and overall foreign trade by 4.15 percent. India remains Nepal's largest trade partner.

In the first four months of the current fiscal year, Nepal-India trade stood at over Rs 347 billion, resulting in a trade deficit of over Rs 281 billion.