Foreign trade up to Rs 255.96 billion

Foreign trade increased by 1.6 per cent during the first seven month of the present fiscal year.

During the first seven month of the fiscal year 2010-11 total foreign trade of Nepal increased to Rs 255.96 billion compared to same period last fiscal year, revealed Trade and Export Promotion Centre statistics.

Share of Export and Import trade is 15 per cent and 85 per cent respectively in the total foreign trade occurred. As per the TEPC data of total export of Nepal increased by 9.8 per cent that is Rs 38.72 billion while total import increased by 0.3 per cent that is Rs 217.69 billion in comparison to first seven month data of 2009-10. During the last FY export and import ratio was 1:6.2 whereas the ratio has now has become 1:5.7.

The main export items from Nepal are woollen Carpet, Readymade Garment (RMG), Lentils, Polyester, and other textile products, iron, steel, handicraft products, silver jewellery, noodles, toothpaste, tea, ginger, betel nuts, handmade paper, leather, pashmina shawl, and herbs. Woollen carpet worth Rs 2.74 billion was exported in the first seven months