Export business increased by 73 percent due to customs concession and advance payment facility in edible oil export. In the 10 months of the current financial year, goods worth 2 trillion 17 billion 91 crore rupees have been exported. This export amount is the highest ever. Goods worth 1 trillion 26 billion 17 crores were exported in 10 months of the last financial year.

According to the data released by the Customs Department on Wednesday, despite the increase in export trade, there is no improvement in the country's trade deficit. In the 10 months of the current financial year, the trade deficit has reached 12 trillion 56 billion 27 billion rupees. This amount is about 7 percent more than the same period of last financial year. During that period of the financial year 2080/81, the trade deficit was 11 trillion 77 billion 18 billion rupees. 

In the financial year 2078/79, goods worth 2.3 billion were exported for the first time. Since then (in 10 months of 2081/82) exports have exceeded 2 trillion 17 billion rupees, the department said. Overall export trade has increased due to edible oil. The share of edible oil among exported items is 41 percent. During that period, edible oil worth 88 billion 87 crore rupees has been exported. 

The customs rate of oil imported into India from other countries has reached 27 percent. Goods produced in Nepal with 30 percent value addition get duty-free entry into the Indian market," said Ravi Sainju, a commercial expert. "That's why industrialists have imported and processed crude oil and sent it to India. As a result, exports have increased abnormally, it is not sustainable.'  According to the data of the

department, the most exported soybean oil is 78.78 billion, and sunflower oil is 10.9 billion. The export of palm oil has reached 3 crore rupees. The raw material of edible oil has been imported from America, Argentina, Ukraine, Indonesia, Malaysia, Thailand. The share of edible oil (crude) in the import trade in 10 months is 7.5 percent. In the 10 months of the current financial year, 14 trillion 74 billion 18 billion worth of goods have been imported. 

Among the imported goods, cooking oil (raw material) has been imported worth 1 trillion 11 billion 13 billion. Out of which soybeans (crude oil) were imported worth 81.89 billion rupees, sunflower (crude oil) 24.64 billion rupees and palm oil (crude oil) worth 4.6 billion rupees. Crude oil thus imported was processed and exported to India by industrialists. Industrialists are also excited because they will get advance payment when exporting to India along with customs concessions. 

In the 10 months from July to April of the current financial year, goods worth 14 trillion 74 billion 18 billion have been imported. This amount is 13.11 percent more than the same period of last financial year. According to the department, goods worth 13 trillion 3.35 billion were imported in 10 months of the last financial year. The first number of imports is diesel worth 1.2 billion 38 crores. The second number is soybean oil (raw material). 

In third place, petrol is imported worth 53.5 billion rupees, LP gas for cooking is worth 51.81 billion rupees. Similarly, iron worth 41.49 billion, smartphones worth 28.76 billion, steel iron worth 28.75 billion, sunflower oil (crude) worth 24.64 billion, rice worth 18.95 billion, gold worth 17.12 billion, aviation fuel worth 16.14 billion, corn worth 14.97 billion have been imported.