Nepal's trade deficit increases five folds; touches NRs 1,162 billion

Nepal's trade deficit jumped five folds in the last decade increasing to NRs 1,162.10 billion as imports have been skyrocketing and exports have slowed to a crawl in the review period, according to a media report.

Nepal imported goods worth NRs 1,243.29 billion against exports worth NRs 81.19 billion which has resulted in a trade deficit of NRs 1,162.10 billion in the last fiscal, Kathmandu Post reported, citing the annual trade statistics of last fiscal 2017-18 unveiled by the Department of Customs yesterday