Kathmandu, 9 November: Nepal’s foreign trade continues to improve even during the Covid-19 pandemic with the export-import ratio dropping down to 1:9:4 in the first three months(mid-July to mid-October) of the current fiscal year 2020/21 from 1:12.3 last year.
The total size of the export has also increased significantly and reached Rs. 31.05 billion which is 14.3 percent higher than last year’s Rs.27.2 billion, accordion to the Trade and Export Promotion Centre (TEPC). Nepal’s trade deficit has reduced by 15.1 percent this year.
The total export is lifted by a single product – soybean oil. Its export amounted to Rs. 7.6 billion – about one fourth of the total export- from last year’s Rs. 1.47 billion. Other major export items are tea, woolen carpet, yarn, jute and its products, readymade garments, cardamom, felt products and juices.
People’s News Monitoring Service
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