KATHMANDU, May 22: Foreign trade of the country has decreased by about Rs 311 billion compared to the last fiscal year. According to the Department of Customs, in the 10 months of the current fiscal year (up to April), trade has decreased by Rs 311 billion this year due to a decline in imports and exports. Total foreign trade has decreased by 17.54 percent compared to the corresponding period of last FY.

KATHMANDU, Dec 28: The import of coffee has increased by twofold while its export has decreased by the same amount in the last five years, according to the data of National Tea and Coffee Development Board.

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.

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.