Notes, Exercises, Videos, Tests and Things to Remember on Patterns of Foreign Trade in Nepal
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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:
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.
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.
Patterns of trade refer to the types /category of goods imported and exported.
The imports items in Nepal are agriculture tools,motor parts,computer parts,electricals parts,mobiles,cameras,laptop etc.The export items in Nepal are carpet,jute ghee,leather oil,tea,coffee etc
Due to the poor condition of industrialization,we heavily import goods from abroad like computer parts,electronic parts,mobiles,cameras,laptops etc.but our export is not very satisfactory,we generally export agriculture products and herbs.Nepal export items are cheaper than the item we import.
The development of industry determines the economic status of the nation.The more industries,the better financial position.