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.

KATHMANDU, Dec 2: Finance Minister Yuba Raj Khatiwada has said that there is no point of being worried about trade deficit, rather it is a time to discuss ways to come out of it.

KATHMANDU, Nov 30: Trade deficit of the country increased by a whopping 40.3 percent to Rs 454.47 billion in the first four months of Fiscal Year 2018/19.