Imports from south fall while EVs boost imports from north
Imports from China to Nepal rose more sharply than expected in the first eleven months of the current fiscal year ending mid-June, while imports from India continued to tumble.
According to the Trade and Export Promotion Center, the national trade promotion body, Nepal’s imports from China increased by 34.8 percent in the review period. In comparison, imports from India fell by 3.1 percent.
Experts attributed ballooning imports from China to a sharp rise in the entry of electric vehicles (EVs). Likewise, a fall in imports from India has been attributed to the export curbs on food by the southern neighbour.
In terms of value, imports from China increased by Rs70.44 billion to Rs272.81 billion in the review period.
Import from India, however, dropped by Rs29.53 billion to Rs908.30 billion in the period. Read Article