KATHMANDU, Feb 22: Nepal’s import expense climbed to Rs 126.50 billion in the past one month during mid-January and mid-February after the government completely lifted the restrictions on imports.

KATHMANDU, Jan 24: Nepal’s trade deficit declined 19.15 percent in the first six months of the current fiscal year due to a notable fall in the import expenses.

KATHMANDU, Nov 23: Nepal withstood a trade deficit of Rs 587.46 billion in the first four months of the current fiscal year, a drop of 19.79 percent than the amount during the same period last year.

KATHMANDU, OCT 31: Nepal’s trade deficit hit Rs 359.17 billion in the first three months of the current fiscal year, which was 13.13 percent less compared to that of the same period last year.

KATHMANDU, Sept 25: Nepal’s trade deficit lessened by 9.45 percent to Rs 302.28 billion as of the first two months of the current fiscal year.

KATHMANDU, August 24: Nepal recorded a trade deficit of Rs 116.47 billion in the first month of the current fiscal year, a fall of 10.38 percent compared to the same period in the last fiscal year.

KATHMANDU, July 7: About half of the total credit issued by banks and financial institutions (BFIs) is contributing to increase the trade deficit significantly, shows a study report conducted by the Confederation of Banks and Financial Institutions Nepal (CBFIN).

KATHMANDU, June 16: Prime Minister Sher Bahadur Deuba has said that it is the government's priority to reduce the trade deficit through export promotion and making domestic products of the highest quality.

KATHMANDU, June 10: Nepal's trade deficit has increased by 30.5 percent in the first 10 months of current fiscal year 2021/22 as compared to corresponding period of the previous fiscal year.

KATHMANDU, May 24: The country's foreign trade deficit has reached Rs 1 trillion 431 billion and 300 million in the first 10 months of the current fiscal year, 2021/22. This is 24.94 percent more than the trade deficit recorded in the corresponding period of last fiscal year.

KATHMANDU, May 19: Minister for Urban Development, Ram Kumari Jhakri has said that the vehicles running on petroleum products should be converted into electric vehicles as the import of petroleum products has increased the country’s trade deficit.

KATHMANDU, April 22: The country has witnessed an increase in its exports by 69.44 percent in the last nine months of the current fiscal year 2021/22, compared to corresponding period of the last fiscal year 2020/21.

KATHMANDU, April 19: Nepal Chamber of Commerce (NCC) and Nepal Handicrafts Federation have decided to work in cooperation to help reduce the yawning trade deficit. Realizing the fact that Nepali handicrafts have established Nepal's identity in the international market and contributed to reduce trade loss, they have agreed to further enhance their cooperation.

KATHMANDU, March 22: Prime Minister Sher Bahadur Deuba on Tuesday directed the government bodies concerned to forward policies and programs that could help reduce the country’s widening trade deficit.

KATHMANDU, Feb 22: Nepal spent Rs 343.82 billion more money to import foreign goods during the first seven months of the current fiscal year, compared to the same period of the previous year.

KATHMANDU, Jan 23: Nepal’s trade deficit reached Rs 880.49 billion in the first half of the current fiscal year, which was 46.64 percent more than the value during the same period last year.

KATHMANDU, Dec 23: Nepal’s trade balance in the first five months plunged to a negative Rs 735.48 billion, despite the country achieving a notable gain in its export earnings.

PARSA, Dec 5: The export of Nepali products to neighboring India and other countries through the Birgunj Customs Office has increased significantly in the first quarter of the current fiscal year, 2021/22.

KATHMANDU, Nov 24: Nepal’s trade deficit in the first four months of the current fiscal year widened by 56.83 percent compared to the same period in 2020/21 despite a notable rise in the export earnings during the period.

KATHMANDU, Nov 14: Imports have skyrocketed amid declining remittance inflows to the country and declining dollar reserves. Compared to last year, imports have increased by 63.73 percent in the first three months of the current Fiscal Year. Trade deficit has increased by 58 percent to Rs 413 billion.

KATHMANDU, Oct 26: Nepal’s trade deficit widened by 68.13 percent to Rs 543.57 billion in the first three months of the current fiscal year.

KATHMANDU, Oct 10: Nepal’s import expense on silver surged multifolds in the first two months of the current fiscal year.

KATHMANDU, Sept 27: Nepal’s trade deficit surged by a whopping 70.75 percent in the first two months of the current fiscal year on the back of the country’s soaring import expense.

KATHMANDU, July 22: Nepal’s trade deficit in the last fiscal year rose 27.26 percent to Rs 1.398 trillion despite a notable rise in export earnings during the period.

KATHMANDU, June 23: Nepal’s trade deficit rose by 24.61 percent in the first eleven months of the current fiscal year on the soaring imports compared to the slow export growth.

KATHMANDU, May 25: Nepal’s earnings from merchandise exports crossed Rs 100 billion during the first ten months of the current fiscal year.

KATHMANDU, April 22: Nepal imported goods worth Rs 1.11 trillion in the first nine months of the current fiscal year, which is almost equal to the total import expenses of Rs 1.19 trillion that the country made in the entire period of fiscal year 2019/20.

KATHMANDU, April 13: Nepal’s trade deficit that was on the path of correction mode in the past several months has started to worsen again with escalating imports following a decline in the negative impacts of the COVID-19.

KATHMANDU, Feb 21: Nepal’s imports which had remained comparatively low for the past few months owing to the measures implemented to control the spread of COVID-19 in the country have now started to rise compared to the slow export growth.

KATHMANDU, Jan 22: Nepal has been importing goods worth more than Rs 100 billion a month on an average, compared to the exports worth mere Rs 10 billion a month.

KATHMANDU, Dec 24: Nepal’s trade deficit in the first five months of the current fiscal year declined by 10.91 percent compared to the same period last year, providing some cushion to the country’s foreign currency reserve being spent to settle the huge imports bills.

KATHMANDU, Sept 28: Nepal’s trade deficit during the period of mid-July to mid-September declined by 24.93 percent, significantly lowering the import expenses.

KATHMANDU, July 27: Nepal’s trade deficit in the last fiscal year dropped by 16.71% to Rs 1.1 trillion with a fall of a double digit percent point in import expenses.

KATHMANDU, June 29: Nepal’s trade deficit in the first 11 months of the current fiscal year has narrowed down by 16.43 percent, compared to the same period in 2019/20.

KATHMANDU, March 24: Nepal's trade deficit in the first eight months of the current fiscal year reached Rs 849.33 billion, a decline of 4.34% compared to the same period in the last fiscal year.

Grow your own plants

February 25, 2020 10:40 am

Importing fruit plants for commercial production should not be encouraged because our quarantine and monitoring systems are weak

KATHMANDU, Jan 10: Nepal’s export is likely to take a hit with the Indian government’s decision to impose restriction on the import of palm oil.

KATHMANDU, Jan 2: The government's efforts to narrow down trade deficit have yielded some positive results. However, it has hit the target of import tax collection, putting the government authority in pressure to manage financial resources from alternative sectors.

KATHMANDU, Nov 30: Trade deficit of the country shrunk by 8.9% in the first four months of the current fiscal year – FY2019/20 to Rs 414.02 billion compared to the corresponding period of the previous fiscal year.

Nepal is a food deficit country, importing both cereals and high-value agriculture commodities due mainly to slow agricultural growth rates. The government’s commitment to check the country’s ever widening trade deficit by boosting farm production is difficult to achieve unless implementation is improved.

Migrant workers bring in skills

September 18, 2019 00:30 am

Let’s use returning migrants’ skills and earnings to increase domestic production

KATHMANDU, July 30: Total trade deficit of the country jumped by 14.26% to Rs 1.32 trillion in the last fiscal year 2018/19.

KATHMANDU, July 29: Economists and experts of Nepal and India have stressed the need to increase the competitiveness of Nepali products and improve logistics services to gradually bring down Nepal's widening trade deficit with its southern neighbor.

KATHMANDU, June 15: In a recent statistics released by the Department of Customs (DoC) based on data from 23 major ports of Nepal, trade deficit of the country has risen to Rs 1,099.6 billion in the first 10 months of the current Fiscal Year 2018/19.

KATHMANDU, May 16: Nepal has seen a ballooning trade deficit of billions of rupees annually as it failed to adopt the export-oriented economic policy.

Nepal enjoys trade surplus with only two dozen countries out of 151 trading partners

KATHMANDU, April 28: Exports growth to China, the second largest trading partner of Nepal, has been falling in the current Fiscal Year 2018/19.

KATHMANDU, Feb 14: President Bidya Devi Bhandari has stressed promotion of promoting export in the country in the wake of the ballooning trade deficit.

Tap the opportunities

January 8, 2019 01:30 am

Low level of economic integration combined with untenable trade deficit is making Nepal vulnerable to external shocks

KATHMANDU, Dec 28: Nepal's trade deficit widened by 36.11 percent to Rs 569.49 billion in the first five months of the current fiscal year 2018/19 compared to same period of the last fiscal year 2017/18 as exports growth fail to catch up the rapidly surging imports bill.