Home / Knowledge / News / Apparel/Garments / Nepal struck with heavy trade deficit
Nepal struck with heavy trade deficit
Oct '10
Statistics released by the Ministry of Commerce and Supplies' Trade and Export Promotion Centre (TEPC) state that, trade deficit in Nepal for 2009-10 fiscal has gone up to Rs. 314.66 billion, which is 41.5 percent higher than in 2008-09.

During the period, whereas the country's imports surged by 29.1 percent to touch Rs. 375.61 billion, its exports depicted a fall of 11.1 percent and stood at Rs. 60.95 billion.

Overall overseas trade of the country comprises of 14 percent exports and 86 percent imports. The mounting trade deficit is mainly attributable to availability of restricted number of items on the export list, coupled with meagre sourcing ability of the country.

Moreover, such rising imports and falling exports have even caused the country to lose much of its valuable foreign currency.

Government here stated that, they are endeavouring to perk up garment and carpet exports, this fiscal.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search