Trade deficit reaches to Rs. 307 billion in first four months

Kathmandu: The country’s trade deficit has increased by 11.1 per cent to Rs. Rs. 307.96 billion during the first four months of the current fiscal year compared to same period last fiscal year.

The export-import ration stood at 7.9 per cent in the review period compared to 8.1 per cent in the corresponding period of previous fiscal year, according to the report of Nepal Rastra Bank (NRB).

In the review period, exports increased by 7.5 per cent to Rs. 26.35 billion compared to an increase of 17 per cent in the same period of the previous year.

Exports to India, China and other countries rose by 2 per cent, 33.5 per cent and 13.3 per cent respectively. Commodity-wise exports of cattle feed, threads, vegetable ghee, readymade garments, among others, increased whereas export of juice, cardamom, G.I. pipes, woolen carpet, among others, decreased in the review period.

Likewise, imports increased by 10.8 per cent to Rs. 334.31 billion in the review period compared to an increase of 87.4 per cent in the same period of the previous year.

In the review period, imports from India and other countries increased by 12.2 per cent and 17.4 per cent respectively. However, imports from China decreased by 4.8 per cent during the first four months of the current fiscal year.

Commodity-wise imports of petroleum products, M.S. billet, vehicle and spareparts, among others, increased whereas imports of agriculture equipment and parts, electrical goods, chemical fertiliser, among others, decreased in the review period.

Based on customs points, the exports through Birgunj Customs Office and Krishnagar Customs Office decreased whereas exports from other customs points increased in the review period.

On the import side, imports through Tribhuwan International Airport Customs Office and Rasuwa Customs Office decreased whereas imports through other customs points increased in the review period, report said.