July 26: Nepal imported goods from 164 countries during the last fiscal year (FY 2021-22).  

According to the data unveiled by the Department of Customs on Monday, Nepal imported goods worth over Rs 1,920 billion from those countries during the review year. The statistics show that Nepal purchased goods worth over Rs 1,200 billion from India alone while the export to India was worth Rs 155 billion. It means the country's trade deficit with India alone was over 1,044 billion during last fiscal year.

After India, China is the second largest supplier to Nepal as in one year Nepal imported goods worth over Rs 264 billion and exported goods worth Rs 887 million, resulting in a trade deficit worth around Rs 263 billion.  

Meanwhile, the country's trade deficit is increasing year by year. During the last fiscal year, trade deficit increased by 23 percent compared to the previous fiscal year.

According to the department, the trade deficit reached over Rs 1,720 billion during the last fiscal year while it was over Rs 1,398 billion in the previous year. -- RSS