Patterns of Foreign Trade in Nepal

Patterns of trade refer to types/category of goods imported and exported. It is essential for the satisfaction of human needs/wants. There are two types of patterns of trade are as follows:

• Import trade
• Export trade

Import trade

A good or service brought into one country from another is called import trade. In Nepal, our import is higher than export.Due to the poor condition of industrialization, we massively import good from abroad.We mainly import agricultural tools,motor parts,computer parts,electronic parts,medicine,petroleum products,mobiles,cameras,laptops etc.

Export pattern

An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Due to poor performance of the industrial sector, our economy cannot well.Our export is not very satisfactory.Nepal generally exports agricultural products and herbs.The items we export are carpet,jute and its products,ghee,garments,cardamom,leather,food items,oil,tea,coffee etc.Generally,Nepal's export items are cheaper than the items we import.