By Our Reporter  Nepal has exported goods worth only Rs. 100.6 billion during the first eight months of the current fiscal year 2023/24 while it imported petroleum products worth Rs. 184 billion during the same period. Hence, Nepal's total export was nearly half of the amount the country spent to import fuel. According to trade statistics made public by the Department of Customs on Tuesday, the country's exports have declined by 3.99 per cent during the first eight months of the current fiscal year compared to the same period of last fiscal year 2022/23. Goods worth only Rs. 100.61 billion have been exported during the review period of the current fiscal year while the country exported goods worth Rs. 104.79 billion in the corresponding period last fiscal year. The country exported goods worth Rs. 157 billion in 2022/23. Nepal’s export trade had set a record in the fiscal year 2021/22. The country exported goods worth Rs. 200.03 billion during that period, a record-high export of Nepal so far. The reduction in the export of soybean oil and palm oil led to a decline in the overall export during the review period. Export of soybean oil has dropped almost by 91 per cent and palm oil by 69 per cent during the review period as compared to the corresponding period last fiscal year. The country has exported soybean oil worth only Rs. 754 million in the first eight months of the current fiscal year while soybean oil worth Rs. 8.37 billion was exported in the first eight months of the last fiscal year. Similarly, palm oil worth Rs. 4.63 billion was exported in the first eight months of the current fiscal year while during the same period last fiscal year Nepal exported palm oil worth Rs. 15.18 billion. In the meantime, the export of sunflower oil has also decreased to Rs. 148 million during the review period. During the review period, yarn worth above Rs. 7.5 billion, carpet worth Rs. 8 billion, tea and coffee worth Rs. 2.5 billion and cardamom worth Rs. 5.17 billion have been exported. The data showed that the total export trade of Nepal is unable to support even the import of petroleum products. According to the statistics, the country has imported petrol worth Rs. 44.63 billion, diesel worth Rs. 88.88 billion, aviation fuel worth Rs. 13.75 billion, kerosene worth Rs. 761 million and liquefied petroleum gas (LPG) worth Rs. 35.88 billion during the review period. With the fall of the export business, the import also saw a decline during the period.