India / Nepal

Overview In January 2024, India exported $539M and imported $62.1M from Nepal, resulting in a positive trade balance of $477M. Between January 2023 and January 2024 the exports of India have decreased by $-58.3M (-9.77%) from $597M to $539M, while imports decreased by $-4.84M (-7.23%) from $67M to $62.1M.

Trade In January 2024, the top exports of India to Nepal were Petroleum Products ($185M), Iron And Steel ($75M), Rice(Other Than Basmoti) ($33.9M), Indl. Machnry For Dairy Etc ($14.4M), and Drug Formulations, Biologicals ($14M). In January 2024 the top imports of India from Nepal were Spices ($11.1M), Vegetable Oils ($9.08M), Iron And Steel ($8.05M), Manmade Yarn,Fabrics,Madeups ($6.7M), and Misc Processed Items ($4.87M).

Growth In January 2024, the decrease in India's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Petroleum Products ($-32.8M or -15.1%), Iron And Steel ($-26.1M or -25.8%), and Two And Three Wheelers ($-19.1M or -89.8%). In January 2024, the decrease in India's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Vegetable Oils ($-38.9M or -81.1%), Moulded And Extruded Goods ($-947k or -37.2%), and Paint, Varnish And Allid Prodc ($-664k or -38.6%).