Nepal, Sept. 17 -- Nepal's export trade surged sharply in the first month of the current Fiscal Year (FY), rising by 95.7 percent to Rs 23.93 billion. In contrast, exports during the same period last year had declined by 9.6 percent.

By destination, exports to India increased by 156.7 percent, while exports to China and other countries dropped by 65.2 percent and 1.4 percent, respectively.

On a commodity basis, exports of soybean oil, palm oil, polyester yarn, cardamom, and jute goods increased, whereas exports of zinc sheets, particle boards, woolen carpets, foam and tea decreased.

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Meanwhile, the country's trade deficit in the first month amounted to ...