Both imports, exports improve in first four months

KATHMANDU: Nepal’s imports saw a marginal growth of 0.17% to Rs 513.39 billion in the first four months of the current fiscal year compared to the same period of the previous fiscal year. Nepal had imported

According to the foreign trade data released by the Department of Customs on Friday, exports grew at a faster pace, increasing by 4.16% to Rs. 52.67 billion from Rs. 50.57 billion in the previous year. The size of foreign trade saw a modest growth of 0.53% to Rs 566.06 billion compared to Rs 563.07 billion in the review period of the previous fiscal year.

The trade deficit also fell marginally by 0.26% to Rs 460.72 billion. The imports-to-exports ratio also improved slightly, declining from 10.14 to 9.75. Exports accounted for 9.30% of total trade, up from 8.98% in the same period of the previous fiscal year. The share of imports in total trade, however, decreased slightly to 90.70%, down from 91.02% in the same period last year.