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Nepal’s foreign trade declines, trade deficit reaches over Rs 1.3 trillion
June 24, 2024 12:40 pm
KATHMANDU, June 24: Nepal's trade deficit has soared to Rs 1.3 trillion, largely due to heavy reliance on foreign imports, even for goods that could be produced domestically. In the 11 months of the current fiscal year, imports amounted to Rs 1.454 trillion, while exports stood at only Rs 139.26 billion. This imbalance has resulted in a staggering trade deficit of Rs 1.315 trillion.
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