Exports of woolen products - another key exportable commodity - recorded a whopping 17.3 percent rise to Rs 2.02 billion during the review period.[break]
According to the preliminary data of Trade and Export Promotion Center (TEPC), exports of readymade garment grew by 20.8 percent to reach Rs 1.85 billion in the first five months of 2010/11. Similarly, exports of polyester and cotton yarn and lentils went up by 15.3 percent and 31.5 percent to Rs 4.11 billion and Rs 2.28 billion respectively.
However, export of pashmina products dropped by 8.3 percent to Rs 600 million, despite the government approving international trademark for pashmina products in a bid to boost exports.
The country´s exports during the period grew by 9.2 percent to Rs 27.24 billion.
Petroleum products topped the list of the country´s major imports during the period, overtaking iron and steels, which was the country´s largest during the first four months of the current fiscal year. Import of petroleum products increased by 10.2 percent to Rs 22.43 billion, while iron and steels imports grew by 40.1 percent to Rs 22.2 billion.
Similarly, the import of vehicles and spare parts shot up by 17.5 percent to Rs 11.91 billion during the review period. Machinery and spare parts imports too grew by 14.2 percent to Rs 9.91 billion.
The import of electronic and electrical equipment increased by 3.4 percent to Rs 8.08 billion during the review period, compared to the figures of same period last year. However, gold imports, which pushed up Balance of Payment deficit last year, dropped significantly to Rs 1.33 billion in the first five months from Rs 25.5 billion recorded during the same period last year.
Nepal imported goods worth Rs 150.7 billion during the review period, 4.7 percent lower than what the country had imported in the same period last year.
Country´s total foreign trade declined by 2.8 percent to Rs 177.95 billion during the review period.
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