Birgunj’s foreign trade increased by 44%, imports increased from Rs 577 billion to Rs 73 billion
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BIRGUNJ: Foreign trade increased by 44% in the first ten months of the current fiscal year 2021/22.
According to the Birgunj Customs Office, a total of 650 billion rupees of foreign trade was processed from mid-July to mid-April this year.
This is about Rs 200 billion more than the review period of the previous year. From mid-July to mid-April of the 2020/21 financial year, foreign trade stood at Rs. 452 billion, according to Customs data.
The previous year, foreign trade had also declined due to the contraction of imports, exports and markets due to the coronavirus pandemic.
While the import from Birgunj is Rs 577 billion in 10 months, the export is only Rs 73 billion, according to customs.
However, this is 93% more than the same period last year. During the reporting period, various domestic products worth Rs. 37 billion were exported through this checkpoint.
Customs data shows that Nepal has a trade deficit of Rs. 503 billion in total trade through this port alone. This is 34 percent more than the previous year’s review period. This deficit was Rs 376 billion during the same period.
Vehicles, petroleum products and industrial raw materials are mainly imported from Birgunj. Of the top 20 items imported from this port, 19 are commodity-related items. Ready-to-wear alone received Rs 7.5 billion.
According to customs, refined soybean oil, palm and sunflower oil, fabric, yarn, dog or cat food, beverages, carpets and toothpaste were exported from Birgunj. Footwear, medicine raw materials, ready-made garments, bags and bags are also exported.