Friday Aug 19, 2022
Friday Aug 19, 2022

Rs 880 billion loss in trade market


Nepalnews
2022 Feb 09, 20:35, Kathmandu

The country has recorded a huge trade deficit. In the first six months of the current fiscal year, Rs 880 billion trade loss was recorded by Nepal Rastra Bank (NRB).

The trade loss in total goods is 46.6 per cent. The loss however decreased by 5.8 per cent as compared to the same period last year. In the review period, the export-import ratio has reached 11.9 per cent. It was 9.2 per cent in the same period last fiscal.

In these six months, imports worth Rs 191 billion was made from India, while such import in the same period of the last fiscal year was R 83.1 billion. However, the export of total goods in these six months amounted to Rs 118 billion.

Similarly, in the review period, net foreign direct investment recorded an increase by 48.1 percent, thereby reaching Rs 11.34 billion.

The balance of payment is at the loss of Rs 241.23 billion. In the same period of the corresponding year, BoP loss was at Rs 124.92 billion.

Moreover, the remittance inflow decreased by 5.5 percent, thereby reaching Rs 468.45 billion in this period.


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trade deficit Nepal Rastra Bank Remittance inflow
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