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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>
<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>
<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>
<p>Experts state that the spending capacity of Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>
<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added. </p>
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<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>
<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Experts state that the spending capacity of Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>
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<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>
<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Experts state that the spending capacity of Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>
<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added. </p>
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Experts state that the spending capacity of Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>
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October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal’s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).
The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.
Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.
The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.
Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.
Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.
Experts state that the spending capacity of Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.
Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
