Kathmandu, November 25: The trade deficit of the country has declined by 12.49 percent to stand at Rs 3.62 billion in the first four months of the current fiscal year, according to the Department of Customs. Such a decline could be attributed to a fall in imports and a rise in exports.
During the review period, the foreign goods worth amounting to Rs 402 billion have been imported according to the department. This is a decrease by 10.62 percent in comparison to the corresponding period last year.
Similarly, during the first four months of 2020/21, the country exported the goods amounting to Rs 40.2 billion. The figure is 10.81 percent more compared to the corresponding period last year.
Rs 3.62 billion The import of foreign goods has decreased while export has increased in the first four months of the current fiscal year 2077/78 BS. According to the data made public by the Department of Customs, the import of foreign goods has declined by 10 percent with the export rise by 10 percent. In the first four months of the current fiscal year, the foreign goods worth amounting to Rs 402 billion have been imported according to the department. This is a decrease of 10.62 percent in comparison to the corresponding period last year. Likewise, the goods exported during the period were worth amounting to Rs 40.2 billion which was a 10.81 percent increment in comparison to the last year. According to the data, Nepal saw a trade deficit of Rs 3.62 billion in the corresponding period of four months. This is a 12.49 percent decline compared to the last year. —
