Imports rise by 53.3 percent in 11 months

19 May 2024

Imports rise by 53.3 percent in 11 months
KATHMANDU: In 11 months of the fiscal year 2021/22, import of goods and services increased to Rs 185 billion 840 million with a whopping rise by 53.3 percent. Likewise, total import of goods has increased to 1,763 billion 220 million, a rise by 27.5 percent. Total trade deficit has increased to Rs 1577 billion 390 million with a rise by 25 percent. Meanwhile, remittance inflow has gradually improved. Due to noted rise in the import, the status of balance of payment will be worsening. In the first 11 months of the fiscal year 2021/22, current accounts has witnessed loss of Rs 595 billion 730 mi... Read More
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