Nepal's International Trade Performance: Fiscal Year 2082/83 Review
Summary
Nepal's foreign trade volume reached Rs. 2,411.66 billion in Fiscal Year 2082/83, with imports rising 16.20% and exports growing 13.81%, resulting in a trade deficit of Rs. 1,781 billion.
Key Points
- Nepal's total foreign trade volume in FY 2082/83 was Rs. 2,411.66 billion, a 15.88% increase from the previous year.
- Imports increased by 16.20% to Rs. 2,096.37 billion, while exports rose by 13.81% to Rs. 315.29 billion.
- The trade deficit widened to Rs. 1,781 billion from Rs. 1,517 billion in the previous fiscal year.
- Rising global commodity prices and domestic factors like politics and elections contributed to increased trade volume.
