Nepal's Foreign Trade Reaches NPR 1.48 Trillion in First Eight Months of FY 2082/83

Kathmandu. Nepal's foreign trade reached NPR 1.48 trillion in the first eight months of the current fiscal year 2082/83. According to the data from the Department of Customs, the country's total foreign trade increased by 13.55 percent during the review period to reach this level. 

The department's statistics show that out of this total, imports amounted to NPR 1.289 trillion and exports were valued at NPR 191.11 billion. 

Imports totaled NPR 1.289 trillion during the review period. This is 12.54 percent higher than imports during the same period last year. Imports in the corresponding period last year stood at NPR 1.145 trillion. Imports worth NPR 165.76 billion were recorded in the month of Falgun alone. 

Significant improvement was also observed in export trade during this period. By the end of Falgun, Nepal exported goods worth NPR 191.11 billion, which is 20.83 percent higher than the previous year. Exports during the same period last year were limited to only NPR 158.17 billion.

According to the data, there has been some improvement in the import-export ratio. While last year for every NPR 1 of export, there was an import of NPR 7.24, this year the ratio has decreased to NPR 6.75.

The share of exports in total foreign trade increased from 12.13 percent last year to 12.91 percent this year. Conversely, the share of imports slightly decreased from 87.87 percent to 87.09 percent.