In the first two months of the current financial year, imports of 3 trillion 5 billion, exports of 47 billion, trade deficit increased by 8.59 percent to 2 trillion 57 billion 83 billion
In the first two months of the current financial year (July and August), goods worth 3 trillion 5 billion 15 billion rupees have been imported. This amount is 16.23 percent more than the same period of last financial year. In the first two months of the financial year 2081/82, the import was 2 trillion 62 billion 54 crores.
According to the foreign trade data released by the Customs Department on Tuesday, the import of non-importable items to domestically produced items has increased. The upcoming festival has also increased the import of clothes and other goods. As a result, the import and export gap has increased. Goods worth 47.31 billion rupees were exported in July and August. This amount is 88.57 percent more than the same period of last financial year. In July and August of financial year 2081/82, exports were worth 25.9 billion rupees. This year, along with the import, the export amount has also increased.
In the first month of the current fiscal year, goods worth 1 trillion 43 billion were imported. Goods worth 23.93 billion rupees were exported. By August, imports have increased modestly. Same is the case with exports. According to the department, soybean raw material is the number one item to be imported. Soybean raw material worth 21 billion 64 crore 77 lakh rupees has been imported in two months.
Soybean raw materials imported from third countries are processed in Nepal and exported to India. Due to export rebates and advance payment facilities, traders export soya bean oil to India instead of selling it domestically. Soybean raw materials and oil have increased overall import and export trade.
In the second place, diesel worth 14 billion 91 crore rupees has been imported. Petrol worth 10.58 billion, LP gas worth 9.43 billion, iron worth 8.87 billion, gold worth 3.12 billion, aviation fuel worth 2.85 billion have been imported. Corn worth 2.71 billion rupees, sunflower raw materials worth 2.23 billion rupees, rice worth 2.14 billion rupees, apples worth 2.3 billion rupees, which can be produced locally, have been imported.
Soybean oil is the leading export item. Soybean oil worth Rs 20.42 billion has been exported in two months of the current financial year. Second, carpets worth 1.58 billion, safflower oil worth 1.38 billion, palm oil worth 1.31 billion, yarn worth 88 billion, cardamom worth 85 billion, juice worth 77 billion have been exported.
According to the department, the most goods worth 1 trillion 46 billion rupees have been imported from Birganj customs post. In the second place, goods worth 48.22 billion rupees were imported from Bhairahawa customs checkpoint, 41.49 billion rupees from Biratnagar checkpoint, 31.63 billion rupees from Tribhuvan International Airport customs checkpoint, and 11.12 billion rupees from Nepalgunj checkpoint.
In exports, the highest export value was 16.78 billion rupees from Birganj customs post, 14.24 billion rupees from Biratnagar, 6.22 billion rupees from Tribhuvan International Airport customs post and 4.79 billion rupees from Bhairahawa.
Along with import and export, the country's trade deficit has also increased. In the first two months of the current financial year, the country's trade deficit increased by 8.59 percent to 2 trillion 57 billion 83 billion rupees. While in the first two months of the last fiscal year, the trade deficit was 2 trillion 37 billion 44 million rupees. As the import of goods continues to increase, the government has collected 77.63 billion in revenue.
