Trade Deficit at Eastern Border Increases by 40.85%
Summary
The trade deficit through the Kakarbhitta eastern border rose 40.85 percent to more than Rs 36.38 billion in FY 2082/83. Imports climbed faster than exports, widening the import-export imbalance despite overall foreign trade growth.
Key Points
- The trade deficit through the Kakarbhitta border increased by 40.85 percent to over Rs 36.38 billion in FY 2082/83.
- Imports rose 22.71 percent to Rs 62.68 billion, while exports increased only 4.15 percent to Rs 26.30 billion.
- Total foreign trade through the border grew 16.57 percent to Rs 88.99 billion.
- The import-export ratio widened from 2.02 to 2.38, and imports' share of total trade increased to 70.44 percent.
