Nepal's Trade Deficit Widens in First Month of Fiscal Year 2082/83, Import Risen to Rs. 1.43 Kharba While Export Sees 95.75% Increase
Summary
Nepal's trade deficit rose by 2.55% in the first month of fiscal year 2081/82 as imports increased to Rs. 1.43 Kharba while exports grew by 95.75%.
Key Points
- Nepal's trade deficit increased by approximately 2.55 percent in the first month of fiscal year 2081/82.
- Imports rose by about 11.42 percent, reaching approximately Rs. 1.43 Kharba compared to Rs. 1.28 Kharba previously.
- Mineral fuels, oils, fats, steel, and vehicles were major contributors to the increase in imports.
- Exports grew significantly by 95.75 percent, reaching Rs. 23.93 Arba, driven by goods like fats, fibres, carpets, coffee, tea, and spices.
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