Import/export gets momentum

Kathmandu: The market, which has shrunk due to the corona virus epidemic, is slowly gaining momentum. This is also indicated by foreign trade.

In the first five months of the current Fiscal Year, a total of Rs. 525.49 billion worth of goods have been imported. Goods worth Rs 50.05 billion have been exported in the first five months alone.

However, overall imports declined by 9.59 percent compared to the same period last year. However, compared to the first month of the current Fiscal Year, the recent months have been easing in terms of foreign trade.

According to the data for the last five months, exports also increased by 5.12 percent compared to the same period of the previous year.

The size of the overall foreign trade has declined in the last five months. The total foreign trade in the current fiscal year is Rs. 575.55 billion. Such amount was Rs. 628.87 billion in the corresponding period of the previous year. Overall foreign trade fell 8.48 percent.

However, due to very low growth in exports, it has not been able to play a role in reducing the trade deficit.

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