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Lesson Structure of Foreign Trade in Nepal
8.6

FACTS Imports in Nepal decreased to 84170.10 million
to Understand NPR in March from 89972.80 million NPR in February of 2016.
Imports in Nepal average 29341.68 million NPR from 2001
until 2016. It mainly imports oil, gold, iron, steel, clothes,
electronic appliances, food and vehicles.

Read the following passage:

Eighty-five percent of the Nepalese exports consist of food and raw materials.
Seventy percent of total imports consist of food, gasoline, oil, cigarettes and
other minor items. In the last few years, though the imports of finished
consumption goods have increased, imports of food have decreased. Imports
of goods related to industrial development have been increasing. Nepal, like
many other developing countries, depends on the export of primary goods
and the import of consumer goods and producer goods. Fluctuations in the
rise of primary goods and the import of consumer goods and producer goods
many have adverse effects upon the Nepalese development effort if corrective
measures are not taken. Most of the Nepalese trade, i.e. more than 90 percent
is with India. Trade with China is still relatively small. Trade with overseas
countries is very small, although it has been increasing during the last few
years. Nepal exports jute and jute goods to overseas countries and imports
construction materials, producer and consumer goods from these countries.
Imports of capital goods will continue to increase, a part of which must come
from hard currency areas. Therefore, to meet hard currency payments, export
to overseas countries must be increased.

The above passage is about the status of trade in Nepal. The structure of foreign trade
depends on the nature of goods that a country imports and exports. The nature of
goods which are imported to Nepal and exported from Nepal is the structure of foreign
trade in Nepal. The structure of foreign trade in Nepal is given below:

Export Structure

Nepal is economically poor country. It has not been able to produce goods adequately.
The goods from Nepal exports are mostly agricultural raw materials like tea,
yarshagumba (cordyceps), ginger, cardamom, ghee, oilseeds, jute products, etc.

305 Dynamic Social Studies - Book IX