Nepal's Trade Deficit At Rs. 6.49 Kharba for Seven Months of FY 2082/83; Both Import and Export Inclines
Summary
Nepal's trade deficit reached Rs. 6.49 Kharba in the first seven months of fiscal year 2082/83, with imports rising by 13.65% to Rs. 11.23 Kharba and exports increasing by 32.19% to Rs. 1.68 Kharba.
Key Points
- Nepal's trade deficit rose by approximately 10.52 percent in the first seven months of fiscal year 2082/83.
- Imports increased by about 13.65 percent to Rs. 11.23 Kharba compared to Rs. 9.88 Kharba in the previous fiscal year.
- Major imports included mineral fuels, mineral oils, animal/vegetable fats and oils, iron and steel, and electrical machinery.
- Exports increased by about 32.19 percent to Rs. 1.68 Kharba, led by animal/vegetable fats and oils, coffee, tea & spices, man-made fibres, carpets, and apparel sectors.
