Nepal's Trade Deficit Widens by 11.2 Percent in First Eight Months of FY 2082/83
Summary
Nepal's trade deficit increased by 11.2% in the first eight months of FY 2082/83, reaching over 1 trillion rupees due to higher imports despite a rise in exports.
Key Points
- Nepal's foreign trade deficit rose by 11.2 percent to 1.098 trillion rupees in the first eight months of FY 2082/83.
- Exports increased by 20.8 percent to 191.11 billion rupees, with exports to India growing by 25.3 percent and exports to China declining by 53.7 percent.
- Imports rose by 12.5 percent to 1.289 trillion rupees, with imports from China and other countries increasing notably.
- The export-import ratio improved slightly from 13.8 percent to 14.8 percent compared to the previous year.
