Despite growing trade deficit, export growth signals positive momentum for Nepal’s foreign trade.
Nepal recorded a historic surge in exports during the fiscal year 2081/82, increasing by 81.80% compared to the previous year. According to the Department of Customs, the country exported goods and services worth Rs. 277.03 billion, a sharp rise from Rs. 152.38 billion in the previous fiscal year.
Imports also grew by 13.25%, reaching Rs. 1.804 trillion in FY 2081/82, up from Rs. 1.592 trillion the year before.
As a result, Nepal’s trade deficit widened by 6%, climbing from Rs. 1.440 trillion to Rs. 1.527 trillion.
Overall, the country’s total foreign trade rose by 19.24%, reaching Rs. 2.081 trillion, compared to Rs. 1.745 trillion the previous year.
While exports showed a strong positive growth of 52.47% in total trade composition, imports remained slightly negative at 5.02%, signaling a gradual shift towards a more balanced trade outlook.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
