Nepal Imports NPR 57.88 Billion in Agricultural Goods in Seven Months, Impacting Trade Deficit
Summary
Nepal imported agricultural goods worth NPR 57.88 billion in seven months of the fiscal year 2082/83, impacting the trade deficit and rural economy.
Key Points
- Nepal imported NPR 57.88 billion worth of food grains and vegetables in seven months of fiscal year 2082/83.
- NPR 35.62 billion was spent on importing 744,994.99 metric tons of food grains, with rice being the largest import.
- Over NPR 22 billion was spent importing pulses and vegetables, including significant quantities of kidney beans, lentils, and peas.
- The large volume of agricultural imports affects Nepal's trade deficit, foreign exchange reserves, and challenges domestic farming competitiveness.
