KATHMANDU: Merchandise exports increased by 37.8 percent during the eleven months of 2020/21 reaching Rs.121.25 billion compared to an increase of 0.2 percent in the same period of the previous year.
According to the Nepal Rastra Bank report released today, destination-wise, exports to India and other countries increased 43.3 percent and 25.9 percent respectively whereas exports to China decreased 17.4 percent.
Exports of soyabean oil, cardamom, polyester yarn and threads, jute goods, woolen carpet, among others, increased whereas exports of palm oil, pulses, zinc sheet, wire, cattle feed, among others, decreased in the review period.
Similarly, during the eleven months of 2020/21, merchandise imports increased 25.7 percent to Rs.1383.36 billion against a decrease of 15.3 percent a year ago. The NRB further mentions that destination-wise, imports from India, China, and other countries increased 32.2 percent, 24.0 percent, and 9.9 percent respectively.
Imports of transport equipment and parts, crude soyabean oil, M.S. billet, rice, telecommunication equipment, and parts, among others, increased whereas imports of aircraft spare parts, crude palm oil, video television and parts, cold rolled sheet in coil, silver, among others, decreased in the review period.
The NRB report further states that based on customs points, exports from Tatopani, Kanchanpur, and Rasuwa Customs Offices decreased whereas exports from all the other customs points increased in the review period.
On the import side, imports from all the other customs points increased except Tatopani and Rasuwa Customs Offices in the review period.
According to NRB, the total trade deficit increased 24.6 percent to Rs.1262.11 billion during the eleven months of 2020/21.
Such deficit had decreased 16.4 percent in the same period of the previous year. The export-import ratio increased to 8.8 percent in the review period from 8.0 percent in the same period of the previous year.
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