Import

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81 1
Business | Market | Economy

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81

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Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability. Imports Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba. […]

Nepal's 7-Month Trade Snapshot: Imports Dip 2.31%, Trade Deficit Narrows 1.77%, Exports Down 7.07% 7
Business | Market | Economy

Nepal’s 7-Month Trade Snapshot: Imports Dip 2.31%, Trade Deficit Narrows 1.77%, Exports Down 7.07%

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In the initial seven months of the current fiscal year, spanning from Shrawan to Magh in the Nepali calendar, Nepal’s imports reached Rs. 8.97 Kharba, indicating a slight decrease of 2.31% compared to the corresponding period in the previous year, where imports totaled Rs. 9.19 Kharba. During this period, the trade deficit has also witnessed

Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24 9
Business | Market | Economy

Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24

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The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports

"Nepal Rastra Bank's Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators" 15
Business | Market | Economy

“Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”

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Nepal Rastra Bank, the central bank of Nepal, has released an overview of the current macroeconomic and financial situation in Nepal, based on data from the first two months ending in mid-September 2023. Inflation and Forex Reserves:The central bank reported an estimated year-on-year inflation rate of 8.19%. Nepal’s gross foreign exchange reserves stood at $12.01

"Nepal Rastra Bank Eases Import Regulations" 19
Business | Market | Economy

“Nepal Rastra Bank Eases Import Regulations”

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  A Letter of Credit (LC) is a crucial financial tool in global trade that ensures a secure exchange of goods and payments between international buyers and sellers. Functioning as a guarantee from the buyer’s bank, the LC assures the seller of payment upon meeting specified conditions, including delivering goods and providing necessary documents. This

"Nepal's Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports" 21
Business | Market | Economy

“Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”

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  Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing

Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha 23
Business | Market | Economy

Surge in Electric Vehicle Imports Impacts Government Revenue in Jestha

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  The import of electric vehicles in the month of Jestha saw a significant rise, with 3,800 units being imported. This increase in import numbers was observed as businesses are increasingly turning to electric vehicles due to challenges in importing petroleum vehicles. The customs department provided statistics indicating that the import consisted of electric cars,

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