While football fans are focused on the competition on the field, the economic relations of the two countries with Nepal seem to be different. According to the statistics of the Department of Customs, there is a huge imbalance in Nepal’s trade with Argentina.

According to statistics, Argentina is the third largest importer of goods to Nepal after India and China.TAG_OPEN_p_112 In the current fiscal year, Nepal imported goods worth Rs 105 billion from Argentina while exports were limited to Rs 15.2 million. On this basis, Nepal’s trade deficit with Argentina has reached more than one trillion five billion rupees.

Nepal has imported goods worth Rs 1 TAG_OPEN_p_111 5 billion from Spain, another opponent of the World Cup final. Nepal’s export to Spain has reached Rs 330 million. In this way, the trade deficit with Spain is around Rs 14.67 billion.

TAG_OPEN_p_110 This shows that Nepal’s trade deficit with Argentina is almost eight times that of Spain.

Nepal has been importing soybean oil and sunflower oil from Argentina.TAG_OPEN_p_109 The data on global trade also shows that Argentina is one of the major suppliers of soybean oil to Nepal.

According to trade experts, the crude oil imported from Argentina is processed in Nepal and consumed in the domestic market and a large amount is re-exported to India.TAG_OPEN_p_108 In recent years, soybean oil has become one of the major export commodities of Nepal.

Nepal has been importing livestock, industrial goods and various consumer goods from Spain.TAG_OPEN_p_107

{{TAG_OPEN_p_106} While Argentina and Spain are competing for the World Cup title, Argentina is clearly ahead in Nepal’s trade relations. But this initiative is not due to Nepal’s exports, but to excessive dependence on imports. Therefore, no matter who wins on the football field, Argentina is still seen as a very influential partner in terms of Nepal’s trade balance.