•      Fri Nov 22 2024
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Nepal records import worth Rs 300 billion in first two months



FILE – In this July 18, 2018, photo, soybean farmer Michael Petefish holds soybeans from last season’s crop at his farm near Claremont in southern Minnesota. China’s government says its importers are inquiring about prices for American soybeans and pork in a possible goodwill gesture ahead of talks aimed at ending a tariff war with Washington. (AP Photo/Jim Mone)

KATHMANDU: Nepal has recorded import worth over Rs 300 billion and export worth over Rs 44 billion in the first two months of the current fiscal year 2021/22.

In the statistics unveiled by the Department of Customs here Friday, the import of foreign goods stood at Rs 314 billion while the export of Nepal-made products was recorded at Rs 44.3 billion.

However, the import increased by 75.86 per cent while export went up by 115.43 per cent. Trade deficit at over Rs 200 billion

Similarly, the Department has revealed that Nepal recorded trade deficit by Rs 270 billion in the first two months of current fiscal year.

The trade deficit in the corresponding period last year was Rs 158 billion.