Nepal sees decline in both imports and exports in first quarter of fiscal year

Kathmandu, October 23 — Both imports and exports have decreased during the first three months of the current fiscal year 2081/82. According to the Department of Customs, imports have declined by 4.17% and exports by 6.11% compared to the same period in the previous fiscal year. During this three-month period, Nepal has engaged in foreign trade amounting to NPR 4 trillion 29 billion 130 million. This has resulted in a trade deficit of NPR 3 trillion 52 billion 370 million. The reduction in both imports and exports has led to a 3.96% decrease in the trade deficit compared to the...

सम्बन्धित सामग्री

Nepal sees decline in both imports and exports in first quarter of fiscal year

Kathmandu, October 23 — Both imports and exports have decreased during the first three months of the current fiscal year 2081/82. According to the Department of Customs, imports have declined by 4.17% and exports by 6.11% compared to the same period in the previous fiscal year. During this three-month period, Nepal has engaged in foreign trade amounting to NPR 4 trillion 29 billion 130 million. This has resulted in a trade deficit of NPR 3 trillion 52 billion 370 million. The reduction in both imports and exports has led to a 3.96% decrease in the trade deficit compared to the...

Nepal’s trade declines, remittances surge

KATHMANDU: In the first month of the current fiscal year 2024/25 ending mid- August, Nepal saw a decline in both imports and exports, with imports dropping by 0.6% and exports falling by 9.6%, according to the ‘Current Macroeconomic and Financial Situation ‘ report released by the Nepal Rastra Bank. Despite this, remittance inflows surged by […]

Phulbari-Banglabandh checkpoint resumes operation

JHAPA, Aug 10: The Phulbari-Banglabandh checkpoint, a trilateral trade route of Nepal, India and Bangladesh, has resumed operation as the political crisis in Banglkadesh normalized. With this, imports and exports between Nepal and Bangladesh have also resumed.

Phulbari-Banglabandh checkpoint resumes operation

JHAPA, Aug 10: The Phulbari-Banglabandh checkpoint, a trilateral trade route of Nepal, India and Bangladesh, has resumed operation as the political crisis in Banglkadesh normalized. With this, imports and exports between Nepal and Bangladesh have also resumed.

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries. Nepal’s Foreign Trade Declines by Rs 36.69 Billion Nepal’s foreign trade dropped by Rs 36.69 billion in the first 10 months of the fiscal year, totaling Rs 1.429 trillion. Both imports and exports declined, with […]

Trade deficit declines by over 1.50 percent

KATHMANDU, FEBRUARY 21: In the first seven months of the current fiscal year, both imports and exports of the country have declined. During the review period, the imports of goods and services went down by 2.31 percent to Rs 897 billion 943 million 800 thousand. Similarly, the exports of the same saw a decrease of […] The post Trade deficit declines by over 1.50 percent appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

BRI will take Nepal to the path of Sri Lanka

The leadership level of any country has a great role in determining the fate of the country. The ratio of imports and exports in that country also makes a difference as to where the country is going. In the case of Nepal, import is higher than export. We are spending about 93 percent of our […]

Trade affected in eastern Nepal as bridge collapses near Nepal-India border

Biratnagar, January 7 A bridge near the Rani customs point in Biratnagar has collapsed affecting imports and exports from the area. The Biratnagar Customs Office says the bridge, which was in a dire state, collapsed on Thursday resulting in trucks bearing goods for Nepal still stuck in India. Indian trucks are also stuck in Nepal, […] The post Trade affected in eastern Nepal as bridge collapses near Nepal-India border appeared first on OnlineKhabar English News.

GST waiver on Nepal-bound transit cargo can save Rs 1.2b annually

KATHMANDU, Oct 8: Transportation cost on Nepal's third country imports and exports via India has come down by at least Rs 15,000 per container after India waive Goods and Services Tax (GST) on all transit services provided to Nepal.