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The Diplomat Nepal
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Started 2 days ago · Updated 2 days ago

Nepal's Edible Oil Imports Surge Due to Re-export Model

Photo · english.ratopati.com

Nepal's edible oil imports have significantly increased in the first 10 months of fiscal year 2082/83, reaching over 145.33 billion rupees. This surge is primarily driven by a re-export model where Nepali industries import crude oil, process it, and then re-export it to India, taking advantage of trade agreements.

  • In the first 10 months of FY 2082/83, Nepal imported 873.148652 million liters of edible oil and related products.
  • The government collected 10.476293 billion rupees in revenue from these imports.
  • Soybean oil constitutes the largest share of imports, valued at over 106.8245 billion rupees, followed by sunflower and palm oil.
  • Nepali businesses import crude oil from countries like Argentina and Brazil for processing and re-export to India under the South Asian Free Trade Area (SAFTA).

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