Country exports worth Rs 44 bn in last two months

Kathmandu: Commodity exports have shown encouraging growth since the beginning of the current Fiscal Year 2021/22.

In the first two months of the current fiscal year, Nepal has exported a total of Rs. 44 billion. Exports had stood at Rs. 20.44 billion in the first two months of the previous Fiscal Year 2020/21 alone.

Exports have grown by 115.43 percent this year. Soybeans and palm oil account for a large share of exports. Such oil is imported from third countries and exported to India. Which is encouraging Nepal’s export market data.

According to the customs department, the share of exports in foreign trade has also increased by 19.74 percent. Nepal’s exports accounted for 12.28 percent of exports, while imports accounted for 87.72 percent.

Along with exports, imports have also increased significantly in the current fiscal year. Goods worth Rs 314.51 billion have been imported in the last two months. This is 75.86 percent compared to the previous fiscal year.