Nepal faces trade deficit of Rs 119.10 billion in first month of current FY
Summary
Nepal recorded a trade deficit of Rs 119.10 billion in the first month of the current fiscal year, with exports rising nearly 96% but imports increasing over 11%.
Key Points
- Nepal faced a trade deficit of Rs 119.10 billion in the first month of the current fiscal year, a 2.55% increase from last year.
- The country had a trade deficit of Rs 64.08 billion with India and Rs 27.99 billion with China.
- Export earnings rose by 95.75% to Rs 23.93 billion, with soybean oil being the top export item.
- Import expenses rose by 11.42% to Rs 143.04 billion, with petroleum products ranking highest among imports.
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