KATHMANDU, DEC 13, 2012
In the first three months of the current fiscal year, total trade deficit with India has increased to 42.7 per cent.
“Trade deficit with India has increased by 42.7 per cent during the review period in contrast to a decline by 1.2 per cent in the same period last year,” states the central bank data.
Meanwhile, total trade deficit with other countries increased by 37.5 per cent as compared to an increase of 27.7 per cent during the same period the previous year. Total trade deficit during the first three months has increased by 40.8 per cent to Rs 115.75 billion.
According to the central bank’s review of the first three months, total export to India increased by six per cent as compared to an increase of 12.9 per cent the previous year. The export of GI pipes, jute sackings, polyester yarn, textiles, juice and pashmina, among others, increased to India. Whereas the export of handicraft goods, readymade garments, paper, pulses, etc, observed a fall during the first three months.
Meanwhile, total imports from India went up by 36 per cent during the review period as compared to an increase of 1.1 per cent in the same period last fiscal year, states the central bank data.
According to it, imports from India has increased primarily owing to an increase in the import of petroleum products, MS billet, chemical fertilisers, cement and rice, among others.
Exports to other countries increased by 31 per cent as compared to a slight increase of 0.6 per cent in the same period of the previous year. Likewise, exports to other countries went up primarily due to an increase in the export of pulses, tanned skin
and readymade leather goods, among others.
Imports from other countries increased by 36.3 per cent as compared to an increase of 21.9 per cent in the corresponding period of the previous year.
Imports from other countries increased mainly because of an increase in the import of pipe and pipe fittings, telecommunication equipment, gold, readymade garments and edible oil, among others. Due to the increase in imports, the ratio of exports to imports declined to 15.2 per cent in the review period from 18 per cent a year ago.
Source: THT
In the first three months of the current fiscal year, total trade deficit with India has increased to 42.7 per cent.
“Trade deficit with India has increased by 42.7 per cent during the review period in contrast to a decline by 1.2 per cent in the same period last year,” states the central bank data.
Meanwhile, total trade deficit with other countries increased by 37.5 per cent as compared to an increase of 27.7 per cent during the same period the previous year. Total trade deficit during the first three months has increased by 40.8 per cent to Rs 115.75 billion.
According to the central bank’s review of the first three months, total export to India increased by six per cent as compared to an increase of 12.9 per cent the previous year. The export of GI pipes, jute sackings, polyester yarn, textiles, juice and pashmina, among others, increased to India. Whereas the export of handicraft goods, readymade garments, paper, pulses, etc, observed a fall during the first three months.
Meanwhile, total imports from India went up by 36 per cent during the review period as compared to an increase of 1.1 per cent in the same period last fiscal year, states the central bank data.
According to it, imports from India has increased primarily owing to an increase in the import of petroleum products, MS billet, chemical fertilisers, cement and rice, among others.
Exports to other countries increased by 31 per cent as compared to a slight increase of 0.6 per cent in the same period of the previous year. Likewise, exports to other countries went up primarily due to an increase in the export of pulses, tanned skin
and readymade leather goods, among others.
Imports from other countries increased by 36.3 per cent as compared to an increase of 21.9 per cent in the corresponding period of the previous year.
Imports from other countries increased mainly because of an increase in the import of pipe and pipe fittings, telecommunication equipment, gold, readymade garments and edible oil, among others. Due to the increase in imports, the ratio of exports to imports declined to 15.2 per cent in the review period from 18 per cent a year ago.
Source: THT
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