Thursday Aug 11, 2022
Thursday Aug 11, 2022

Nepal’s export growth increases 32.19pc in 10 months in FY 2077/078

2021 May 24, 14:56, Bagmati
This undated image shows a vessel laden with export goods. Photo courtesy: Pixabay

Nepal’s export growth has increased by 32.19 per cent in 10 months in the fiscal year, 2077/078 BS. The country exported goods worth Rs 108.4 billion in the period against Rs 82.46 billion worth of goods exported in previous fiscal year, according to data with the Department of Customs.

Last FY, the government had aimed to export goods worth over Rs 100 billion. Likewise in the same period of the FY, 2077/078, the country imported goods worth over Rs 1,254 billion, a 22.34 per cent increment against the last FY. Goods worth more than 1,025 billion were imported in the same period last FY.

Similarly, the country’s trade deficit has increased 21.48 per cent. The figure of export and import of the country is 7.96 and 92.04 per cent respectively. The country has reported foreign trade deficit amounting to more than Rs 1,145 billion. In the same period last FY, the country reported foreign trade deficit amounting to over Rs 943 billion. 

nepal export Department of Customs imports trade deficit
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