Exports Increases By 32 Percent
May 24, 2021 | Investopaper
Exports have increased by 32.19 percent during the ten months of the current fiscal year 2077/78. The export of domestic goods amounted to Rs. 108.47 billion during this period as compared to Rs 82.64 billion in the corresponding period of the previous year.
The government had set a target of exporting over Rs. 100 billion in the fiscal year 2066/67. After 11 years, the target has been achieved in the first ten months of the current fiscal year.
Similarly, foreign goods worth Rs. 1,254.11 billion have been imported in the ten months period. Imports have increased by 22.34 percent compared to the same period last year. In the corresponding period of the previous year, goods and services worth Rs. 1,025.13 were imported.
Thee trade deficit has increased by 21.48 percent this year. The share of imports in foreign trade is 92.4 percent. In the corresponding period of the previous year, Nepal had a trade deficit of Rs. 943.73 billion.
