Import and Export in Nepal : While the import is 11 half billion and export is 1 billion only

Apr Sun 2024 03:38:01

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Import and Export in Nepal : While the import is 11 half billion and  export is 1 billion only

Kathmandu. Goods worth more than 11.5 billion have been imported till March of the current financial year. According to the data released by the Customs Department, the import in March decreased by 2.84 percent to 11 trillion 67 billion 3698 million rupees.

While the import reaches 11.5 trillion, the export is limited to 1 trillion 13.94 billion 66 million rupees. Exports have also decreased by 3.66 percent compared to the same period of last financial year. During the same period last year, a total of 1 trillion 18 billion 27 billion 99 million rupees worth of goods were exported.

According to the data released by the department, a total of 10 trillion 53 billion till March there is a trade loss of Rs 42 crore 38 lakh. The share of imports in the total trade is 91.11 percent while the share of exports is only 8.89 percent.

In the 9 months of 2080-81, the monthly average of 1 trillion 29 billion rupees was imported, while the export was limited to 12.5 billion rupees. Nepal has been doing foreign trade with more than 150 countries. Among them, India has the most trade. According to the data, 7 trillion 29 billion 65 crores have been imported from India.