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<p>Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.</p>
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<p>Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.</p>
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<p>Exports to India decreased by 35.9 percent during the review period compared to a drop of 6.4 percent in the same period of the previous year. The fall in exports to India is attributed mainly of the fall in the exports of zinc sheet, juice, textiles, polyster yarn, among others. The export had decreased by Rs. 46.7 million to Rs. 906 million in 1970/71 due to the Indian blockade in the form of quantitative restriction on exports.</p>
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<p>Likewise, the imports from all customs points declined due to the protest and unofficial blockade imposed by India on southern trade customs points, the economic outlook released by the central bank reads.</p>
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<p>Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.</p>
<p>Exports to India decreased by 35.9 percent during the review period compared to a drop of 6.4 percent in the same period of the previous year. The fall in exports to India is attributed mainly of the fall in the exports of zinc sheet, juice, textiles, polyster yarn, among others. The export had decreased by Rs. 46.7 million to Rs. 906 million in 1970/71 due to the Indian blockade in the form of quantitative restriction on exports.</p>
<p>During the review period, merchandise imports shrank by 31.9 percent to Rs. 130.49 billion. Such imports had gone up by 24.4 percent to Rs. 191.72 billion in the same period of the previous year. The slowdown in imports is attributed mainly to a decrease in imports of petroleum products on account of unofficial economic blockade imposed by India on trade routes in the Southern parts of the country.</p>
<p>Similarly, total trade deficit during the review period contracted by 32.8 percent to Rs. 113.68 billion compared to an expansion of 29.1 percent in the same period of the previous year. Trade deficit with India, China and other countries narrowed down by 35.3 percent, 11.2 percent, 38.6 percent respectively in the review period.</p>
<p>The FOB based trade deficit decreased by 32.7 percent to Rs. 109.81 billion in the review period. Such deficit had gone up by 29.6 percent in the same period of the previous year, according to the central bank. RSS</p>
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<p>However, the balance of payments has remained favorable due to the contraction in imports and upsurge in transfer income.</p>
<p>Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.</p>
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<p>During the review period, merchandise imports shrank by 31.9 percent to Rs. 130.49 billion. Such imports had gone up by 24.4 percent to Rs. 191.72 billion in the same period of the previous year. The slowdown in imports is attributed mainly to a decrease in imports of petroleum products on account of unofficial economic blockade imposed by India on trade routes in the Southern parts of the country.</p>
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November 22: The Nepal Rastra Bank (NRB) has said that country's merchandise exports decreased significantly by 25.4 percent to Rs 16.81 billion in the first three months of 2015/16 compared to a drop of 2.3 percent to Rs 22.53 billion in the same period of the previous year. The total exports decreased due to a fall in exports to India, China and other countries in the review period on account of current unfavorable circumstances.
Likewise, the imports from all customs points declined due to the protest and unofficial blockade imposed by India on southern trade customs points, the economic outlook released by the central bank reads.
However, the balance of payments has remained favorable due to the contraction in imports and upsurge in transfer income.
Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.
Exports to India decreased by 35.9 percent during the review period compared to a drop of 6.4 percent in the same period of the previous year. The fall in exports to India is attributed mainly of the fall in the exports of zinc sheet, juice, textiles, polyster yarn, among others. The export had decreased by Rs. 46.7 million to Rs. 906 million in 1970/71 due to the Indian blockade in the form of quantitative restriction on exports.
During the review period, merchandise imports shrank by 31.9 percent to Rs. 130.49 billion. Such imports had gone up by 24.4 percent to Rs. 191.72 billion in the same period of the previous year. The slowdown in imports is attributed mainly to a decrease in imports of petroleum products on account of unofficial economic blockade imposed by India on trade routes in the Southern parts of the country.
Similarly, total trade deficit during the review period contracted by 32.8 percent to Rs. 113.68 billion compared to an expansion of 29.1 percent in the same period of the previous year. Trade deficit with India, China and other countries narrowed down by 35.3 percent, 11.2 percent, 38.6 percent respectively in the review period.
The FOB based trade deficit decreased by 32.7 percent to Rs. 109.81 billion in the review period. Such deficit had gone up by 29.6 percent in the same period of the previous year, according to the central bank. RSS
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'title' => 'Exports down due to blockade, Tarai unrest: NRB',
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'summary' => 'November 22: The Nepal Rastra Bank (NRB) has said that country's merchandise exports decreased significantly by 25.4 percent to Rs 16.81 billion in the first three months of 2015/16 compared to a drop of 2.3 percent to Rs 22.53 billion in the same period of the previous year. The total exports decreased due to a fall in exports to India, China and other countries in the review period on account of current unfavorable circumstances.',
'content' => '<p>November 22: The Nepal Rastra Bank (NRB) has said that country's merchandise exports decreased significantly by 25.4 percent to Rs 16.81 billion in the first three months of 2015/16 compared to a drop of 2.3 percent to Rs 22.53 billion in the same period of the previous year. The total exports decreased due to a fall in exports to India, China and other countries in the review period on account of current unfavorable circumstances.</p>
<p>Likewise, the imports from all customs points declined due to the protest and unofficial blockade imposed by India on southern trade customs points, the economic outlook released by the central bank reads.</p>
<p>However, the balance of payments has remained favorable due to the contraction in imports and upsurge in transfer income.</p>
<p>Exports to China dropped by 66.5 percent in the review period contrary to an increase of 93.2 percent in the same period of the previous year. This fall is mainly attributed to the decrease in the exports of tanned skin, readymade garments, noodles, rudrakshya among others, according to the NRB.</p>
<p>Exports to India decreased by 35.9 percent during the review period compared to a drop of 6.4 percent in the same period of the previous year. The fall in exports to India is attributed mainly of the fall in the exports of zinc sheet, juice, textiles, polyster yarn, among others. The export had decreased by Rs. 46.7 million to Rs. 906 million in 1970/71 due to the Indian blockade in the form of quantitative restriction on exports.</p>
<p>During the review period, merchandise imports shrank by 31.9 percent to Rs. 130.49 billion. Such imports had gone up by 24.4 percent to Rs. 191.72 billion in the same period of the previous year. The slowdown in imports is attributed mainly to a decrease in imports of petroleum products on account of unofficial economic blockade imposed by India on trade routes in the Southern parts of the country.</p>
<p>Similarly, total trade deficit during the review period contracted by 32.8 percent to Rs. 113.68 billion compared to an expansion of 29.1 percent in the same period of the previous year. Trade deficit with India, China and other countries narrowed down by 35.3 percent, 11.2 percent, 38.6 percent respectively in the review period.</p>
<p>The FOB based trade deficit decreased by 32.7 percent to Rs. 109.81 billion in the review period. Such deficit had gone up by 29.6 percent in the same period of the previous year, according to the central bank. RSS</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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