Nepal imports goods worth over Rs 1.92 trillion from 164 countries

KATHMANDU: Nepal imported goods worth over Rs 1,920 billion from 164 countries in the fiscal year 2021/22, according to statistics unveiled by the Department of Customs today. The statistics show that Nepal purchased goods worth over Rs 1,200 billion from India alone while goods worth Rs 155 billion were exported in the last fiscal year. It means the country's trade deficit with India alone was over Rs 1,044 billion last fiscal year. After India, China is the second largest supplier to Nepal. In the period of one year, Nepal imported goods worth over Rs 264 billion and the export round figure was Rs 887 million, resulting in a trade deficit worth around Rs 264 billion.

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Trade deficit goes up The size of the country's trade deficit is increasing year by year. Last fiscal year, the figure for trade deficit increased by 23% compared to the previous fiscal year. According to the Department of Customs, last fiscal year, the trade deficit had reached over Rs 1,720 billion while it was over Rs 1,398 billion in the previous year. In the period of one year, Nepal saw foreign trade worth over Rs 2,120 billion and this was more by 26.15% with compared to the previous year. In the fiscal year 2020/21, the country's foreign trade transactions were worth around Rs 1,681 billion. READ ALSO:

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