August 1: The data about Nepal's exports in the last fiscal year was not encouraging despite the government efforts to promote the export trade.    
During the fiscal year 2022-23, Nepal's exports rate saw a decline of 21.4 percent.    
According to the Ministry of Industry, Commerce and Supplies, Nepal's total commodity exports amounted to Rs 157 billion during the last fiscal year.    
In a meeting of the Industry, Commerce and Labour and Consumers' Welfare Committee under the House of Representatives on Tuesday, commerce and supplies secretary Madhu Kumar Marasini said there was also a 16.1 percent drop in total imports last fiscal year. Nepal imported commodities worth Rs 1,611 billion in the review year.    
Nepal's total foreign trade also witnessed a fall last year. The country recorded foreign trade equivalent to Rs 1,786 billion which is less by 16.6 percent compared to the previous year.    
The assessment of primary data of the last fiscal year shows that the contribution of exports to the total trade is 8.9 percent followed by 91 percent imports.

In the fiscal year 2021-22, the export-import ratio was 1: 9.6 and it reached 1:10 last fiscal year.  -- RSS