Nepal continues to reel under the impact of the coronavirus pandemic<\/a>, with new cases spiking in recent weeks as the nation emerged from a strict nationwide lockdown.<\/p>\n Business activities in the country fell drastically as the pandemic hindered operations, reduced footfall in shops, and led to a decline in demand.<\/p>\n This, in turn, led to the fall in the nation’s import expenditure.<\/p>\n According to the Department of Customs, Nepal\u2019s import expenditure dropped by 19.6%<\/strong> in the first month of the current FY 2020\/21.<\/p>\n Nepal imported goods worth NPR 85.80 billion during mid-July and mid-August in the current fiscal, compared to NPR 106.72 billion worth import in the same period last fiscal.<\/p>\n <\/p>\n Some of the top imports include:<\/strong><\/p>\n On the other hand, Nepal\u2019s export value stood at NPR 9.62 billion during the review period in the current fiscal, up by 8.86% from last fiscal.<\/p>\n ALSO READ | Nepal Federal Budget 2020\/21: Highlights and Key Announcements<\/a><\/strong><\/p>\n Some of the top exports include:<\/strong><\/p>\n The significant fall in imports and the rise in exports have led to the dramatic fall of 22% in the trade deficit.<\/p>\n The trade deficit stood at NPR 76.18 billion in the first month of the current fiscal, against NPR 97.88 billion in the last fiscal.<\/p><\/blockquote>\n Likewise, the ratio of import to export declined to 8.92 from 12.08.<\/p>\n Stay Tuned to NepaliSansar<\/a> for Latest Business News<\/a>!<\/p>\n\n
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