Viratanagar Customs Sees Significant Growth in Foreign Trade
Summary
Viratanagar customs recorded a sharp rise in foreign trade in the first quarter of the current fiscal year, with imports up 67 percent and exports up 36 percent. Growth in raw materials, fuel, processed oil, and noodles contrasted with declines in vehicle, clothing, and jute exports.
Key Points
- Total imports through the Viratanagar customs border rose 67 percent year-on-year to Rs 98.26 billion in the first quarter of the current fiscal year.
- Exports increased 36 percent to Rs 29.35 billion, driven by higher shipments of processed soybean oil, noodles, and pasta.
- Imports of industrial raw materials such as pure iron, soybean oil, LPG, and palm oil surged, while vehicle and finished-goods imports declined sharply.
- Viratanagar Customs Office collected Rs 10.15 billion by the end of Asoj, 95.87 percent of its target and 21.61 percent more than last year.
