Nepal’s foreign trade declined significantly from the previous year with up to Rs600 billion deficit. In the past five months, Nepal imported 20.71% less goods than the same time period last year. The country’s recent exports are at Rs6.7 trillion which is 34.61% less than the same period last year. Although trade deficit has decreased by 18.77%, reduced demand for goods and services could lead to an economic recession. Nepal has imported agricultural products, food, vegetables, petroleum products, machinery and electrical equipment and iron worth Rs 2.3 trillion, Rs2 trillion, Rs2.4 trillion, Rs134 billion, Rs84 billion and Rs64 billion respectively.
from January 06, 2023 at 11:57AM Nepali Times