Nepal Records Rs 500 Billion Foreign Trade In First Three Months Of Current FY

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In the first three months of the current fiscal year, the country’s foreign trade surged by 68.13 percent. In the first three months of the previous fiscal year, it was valued Rs 323 billion 315 million 953 thousand.

According to the Department of Customs, it reached Rs 543 billion 576 million 54 thousand in the same period this year. The Department of Commerce issued data on international trade for the first quarter of the current fiscal year on Tuesday, showing that imports climbed by 63.73 percent in the first three months of this fiscal year compared to the same period last fiscal year.

Imports totaled Rs 478 billion, 523 million, and 220,000. In the first three months of the previous fiscal year, imports totaled Rs 292 billion 269 million 860 thousand.

In the first three months of this fiscal year, the import-export ratio of foreign commerce was 88.03:11.97. According to the figures, exports climbed by 109.54 percent in the first three months of this fiscal year compared to the same period last year.



In the first three months of the previous fiscal year, exports totaled Rs 31 billion 46 million 93 thousand. In the first three months of the current fiscal year, it was Rs 65 billion 528 million 34 thousand.

In the first three months of the current fiscal year, the trade deficit widened by 58.28%, reaching Rs 413 billion470 million 386 thousand. In the previous fiscal year’s same period, it was Rs 261 billion 223 million 767 thousand. In the first three months of the current fiscal year, imports outnumber exports by 7.36 times. (RSS)

source: myrepublica

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