Nepal suffered a total of $17.6mn trade deficit a day during the first eight months of the current fiscal year, government data showed yesterday.
According to data released by Trade and Export Promotion Center (TEPC), an agency that documents the foreign trade data, the Himalayan country imported goods worth $20.31mn a day and supplied items equaling to $2.70mn a day.
“The per day trade loss soared up due to the massive import of goods including, petroleum products, iron and steel products, vehicles, machinery, electronics and food commodities from India and third country, the report said.
Nepal suffered trade deficit of $4.23bn in the first eight months of fiscal year 2013-14, up by 17.8% compared to the trade deficit it suffered during the same period in the last fiscal year.
As per the data the country imported goods and services worth $4.88bn during the first eight months of 2013/14 while recorded the export of goods and services worth only $64.8mn.
Remaining
According to data released by Trade and Export Promotion Center (TEPC), an agency that documents the foreign trade data, the Himalayan country imported goods worth $20.31mn a day and supplied items equaling to $2.70mn a day.
“The per day trade loss soared up due to the massive import of goods including, petroleum products, iron and steel products, vehicles, machinery, electronics and food commodities from India and third country, the report said.
Nepal suffered trade deficit of $4.23bn in the first eight months of fiscal year 2013-14, up by 17.8% compared to the trade deficit it suffered during the same period in the last fiscal year.
As per the data the country imported goods and services worth $4.88bn during the first eight months of 2013/14 while recorded the export of goods and services worth only $64.8mn.
Remaining
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