Nepal continues to reel under the impact of the coronavirus pandemic, with new cases spiking in recent weeks as the nation emerged from a strict nationwide lockdown.
Business activities in the country fell drastically as the pandemic hindered operations, reduced footfall in shops, and led to a decline in demand.
This, in turn, led to the fall in the nation’s import expenditure.
According to the Department of Customs, Nepal’s import expenditure dropped by 19.6% in the first month of the current FY 2020/21.
Nepal imported goods worth NPR 85.80 billion during mid-July and mid-August in the current fiscal, compared to NPR 106.72 billion worth import in the same period last fiscal.