Nepal's Foreign Trade Deficit Reaches NPR 237.44 Billion in the First Two Months of the Current Fiscal Year

The data for Nepal's foreign trade (import/export) in the first two months of the fiscal year 2081/82 has been released. According to the figures published by the Customs Department on Monday, the country incurred a trade deficit of NPR 237.44 billion during the months of Shrawan and Bhadra.

Foreign Trade Deficit: NPR 237.44 billion
Total Import Value: NPR 262.54 billion
Total Export Value: NPR 25.09 billion

Comparison of Imports and Exports:

In the same period last year, Nepal imported goods worth NPR 259.74 billion, while exporting goods worth NPR 26.44 billion. In the current fiscal year, import volumes have slightly increased, whereas exports have declined.

Import-Export Ratio:

During the review period of the current year, Nepal's import-export ratio stood at only 10.46%. This means that for every NPR 89.54 worth of goods imported, the country could export goods worth only NPR 10.46.

Nepal has witnessed a significant trade deficit in the first two months of the current fiscal year. Despite a slight increase in imports, the decline in exports has led to a growing trade deficit. This situation highlights the imbalance in Nepal's foreign trade and underscores the need to reconsider economic policies.