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Nepal Faces Trade Deficit In Agro Products Too

Nepal had experienced a trade deficit of 1.26 billion even in agricultural products from a single custom point in last 11 months. The import of agricultural products has exceeded export at Kakadbhitta customs.

While agricultural products worth Rs 8.67 billion were imported from the Kakadbhitta customs, the export of agricultural products was only Rs 7.41 billion during 11 months of this fiscal year.

Data shows black cardamom as the major export product from Nepal. A total of 800 metric tonnes of black cardamom worth Rs 3.94 billion was exported in this period. The cardamom produced in Nepal is exported to India, Bangladesh and Russia as well. Other export product included tea, lentil, amliso, ginger, medicinal herbs, plywood, wild garlic etc.

In the meantime, soybean is the largest import from this customs point. Seventy metric tons of soybean worth Rs 3.80 billion were imported from Bangladesh. The soybean is mostly used as livestock feed.

Similarly cereal amounting to over Rs 980 million and legumes of Rs 1.33 billion were imported in the same period.

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