India / Nepal

Overview In July 2024, India exported $545M and imported $62.1M from Nepal, resulting in a positive trade balance of $483M. Between July 2023 and July 2024 the exports of India have decreased by $-45.3M (-7.68%) from $590M to $545M, while imports increased by $2.28M (3.81%) from $59.8M to $62.1M.

Trade In July 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 July 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 July 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 July 2024, the increase in India's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Spices ($7.62M or 218%), Iron And Steel ($6.92M or 611%), and Plywood And Allied Products ($3.18M or 7.82k%).