During the first ten months of the current fiscal year 2077/78, exports increased by 32.19 per cent. Domestic products exports totalled Rs. 108.47 billion during this time, up from Rs. 82.64 billion in the previous year’s corresponding period.
In the fiscal year 2066/67, the government set a target of exporting more than Rs. 100 billion. The target was met in the first ten months of the current fiscal year, after 11 years.
In the same ten-month stretch, international products worth Rs. 1,254.11 billion were imported. As compared to the same time last year, imports have risen by 22.34 per cent. Goods and services worth Rs. 1,025.13 were imported in the same timeframe the previous year.
This year’s trade deficit rose by 21.48 per cent. Imports account for 92.4 percent of total foreign trade. Nepal had a trade deficit of Rs. 943.73 billion in the same period the previous year.