Nepal imports mobile phones worth Rs 23 billion and gold worth Rs 18 billion in six months
Summary
Nepal's export earnings in the first six months of the fiscal year were insufficient to cover fuel imports, with imports of mobile phones and gold also significantly high.
Key Points
- Nepal earned Rs 142.01 billion from exports but spent Rs 142.75 billion on fuel imports in the first six months of the fiscal year.
- Diesel was the largest imported item at Rs 58.27 billion, followed by petrol and LPG.
- Nepal imported mobile phones worth Rs 23.298 billion and gold worth Rs 18.8326 billion in the same period.
- Foreign trade grew by 17.36 percent with exports increasing by 43.76 percent, reducing the trade deficit but it still stood at Rs 797 billion.
