Nepal's Foreign Trade Increases by 14.75% in First 10 Months of FY 2082/83, Trade Deficit Widens
Summary
Nepal's foreign trade grew by 14.75% in the first 10 months of FY 2082/83, with imports rising more than exports, leading to a 14.92% increase in the trade deficit.
Key Points
- Nepal's foreign trade increased by 14.75% to Rs 19 kharba 41 arba 60 crore in the first 10 months of fiscal year 2082/83.
- Imports grew by 14.82% to Rs 16 kharba 92 arba 64 crore during the same period.
- Exports increased by 14.25% to Rs 2 kharba 48 arba 96 crore, but remain significantly lower than imports.
- The trade deficit widened by 14.92% to Rs 14 kharba 43 arba 67 crore, with imports accounting for 87.18% of total trade compared to 12.82% for exports.
