Open AccessForeign Trade Situation of Nepal
Author(s) -
Shiva Sharan Shrestha
Publication year - 2016
Publication title -
pyc nepal journal of management/pyc nepal journal of management
Language(s) - English
Resource type - Journals
eISSN - 2738-9847
pISSN - 2091-0258
DOI - 10.3126/pycnjm.v9i1.41136
Subject(s) - pace , balance of trade , international trade , rest (music) , international economics , balance (ability) , economics , business , geography , biology , medicine , geodesy , neuroscience , cardiology
This study analyzes the growth, direction and trade balance of Nepal’s foreign trade for the period 2005/6 to 2014/15. The study finds that the import has grown rapidly (at an annual average rate of 17%) and the import at snail’s pace (at an annual rate of 4%) over the study period. As a result the trade balance is negative and growing every year. Such a trend can’t sustain for long. Further, Nepal’s foreign trade is too much dependent (exceeding two-third of both export and import) on India which needs to be diversified to rest of the world.