Nepal’s Trade Deficit Widens by Nearly 15% as Imports Surge Despite Export Growth
Summary
Nepal's trade deficit increased by nearly 15% due to a surge in imports despite healthy growth in exports in fiscal year 2082/83.
Key Points
- Nepal's trade deficit rose by approximately 14.92% in fiscal year 2082/83.
- Imports increased by about 14.82%, reaching Rs. 16.92 Kharba.
- Key imported goods include mineral fuels, animal fats and oils, iron and steel, and machinery.
- Exports grew by 14.25%, reaching Rs. 2.48 Kharba, driven by sectors like tea, coffee, spices, and apparel.
