Trade deficit reaches Rs 1,577bn in 11 months of current FY

KATHMANDU: The country has witnessed a trade deficit of Rs 1,577 billion in the first 11 months of the current fiscal year, which is 25% more compared to the previous fiscal year 2020/21, according to the Department of Customs. The country’s trade deficit was Rs 1,262.11 billion in the same period in the previous fiscal year. During the review period, the country’s foreign trade stood at Rs 1,949 billion, which is 29.5% more than the previous fiscal year. In the first 11 months of the current fiscal year, the country imported goods worth Rs 1,763.22 billion against Rs 1,383.36 billion in the last fiscal year. Likewise, Nepal exported goods worth Rs 185.83 billion in the first 11 months of the ongoing fiscal year. During the review period of this fiscal year, Nepal imported petroleum products of Rs 267.3 billion. Of the import of petroleum products, diesel topped the import list with Rs 145.22 billion while LP gas of worth Rs 59.16 billion were imported during the 11 months of the current fiscal year. READ ALSO:

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