Nepal’s Exports Surge by 57.20% While Trade Deficit Widens by 6.22%; Import Surges By 11.20%

In the first eight months of the fiscal year 2081/82, Nepal's trade report indicates concerning trends in the nation's economic landscape. The trade deficit, the difference between imports and exports, has risen by approximately 6.22 percent.

Import Trends:

During this period, imports exhibited an incline of about 11.20 percent, amounting to approximately Rs. 11.45 Kharba. In the corresponding period of the previous fiscal year, imports totaled Rs. 10.30 Kharba.

The most significant imported goods included mineral fuels, iron and steel, electrical machinery, mechanical appliances, and vehicles. This escalation in these imports underscores shifts in consumer demand and industrial requirements within the country. 

Export Trends:

Conversely, Nepal's exports reached Rs. 1.58 Kharba by the end of Falgun, with the highest volumes driven by sectors such as coffee, tea, spices, carpets, and man-made staple fibers. This marks an impressive 57.20% increase compared to the previous year, when exports were valued at Rs. 1 Kharba , reflecting a positive trend for the country's trade.