Nepal | August 10, 2020

Exports to China rise substantially

Himalayan News Service
Share Now:

Kathmandu, July 21

The country’s exports to China increased substantially in the first 11 months of the last fiscal year as exports of pashmina, handicraft products, tea, wheat flour and noodles rose by two- to three-folds as compared to the corresponding period of the previous fiscal.

Nepal’s exports to China stood at around Rs three billion in the first 11 months of fiscal 2017-18, compared to Rs 1.57 billion in the same period of fiscal 2016-17, according to statistics unveiled by Nepal Rastra Bank.

Nepal’s exports to the northern neighbour declined sharply after the devastating earthquake of April 25, 2015. However, exports to China started reviving from last fiscal.

The country had exported goods worth Rs 2.18 billion to China in fiscal 2013-14. The country’s exports to China declined to Rs 2.16 billion in 2014-15 as the earthquake struck Nepal in April 2015 and it remained at around Rs 1.50 billion for two consecutive fiscal years.

Traders have said that exports to China have been gradually reviving since the last fiscal.

“Though the volume of Nepal’s exports to China is not significant, it is on the rise, which is encouraging,” said Bishnu Bahadur Khatri, immediate past president of Nepal Trans Himalaya Border Commerce Association.

Export of wheat flour increased by more than three-folds to Rs 24.6 million in the review period. Similarly, export of tea, pashmina and noodles increased by two-folds in the first 11 months compared to the same period of fiscal 2016-17.

The country exported tea worth Rs 27.4 million, pashmina (Rs 72.7 million) and noodles (Rs 80 million), according to
the central bank. Likewise, export of handicraft products doubled in the review period to Rs 124.8 million.

Meanwhile, the country imported goods worth Rs 142.79 billion from China in the first 11 months of the previous fiscal, which is an increase by 25 per cent. The import-export gap with the northern neighbour has been widening due to low exports from Nepal.

The government of China has granted ‘duty-free, quota-free’ facility to 8,030 Nepali goods considering its status of a least developed country. However, utilisation of the facility has been dismal due to supply-side constraints. Exporters said that Nepal has not even been able to capitalise on its potential of exporting agro and livestock products due to lack of internationally accredited labs in the country.

A version of this article appears in print on July 22, 2018 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Transitional Justice, court, justice, punishment, law

Judiciary: Public should maintain restraint on comments about court order/verdicts

We should not forget that it is the court that upholds justice, protect people's rights. Had the judiciary not been there, whatever the two powerful organs of the state — executive and legislature — wanted to happen, could happen. It is the judiciary that checks the excesses of the executive and Read More...

Messi helps Barca sink Napoli to reach last eight

Barcelona beat Italians 3-1 for 4-2 aggregate win Messi scores and earns penalty at empty Nou Camp Barca face Bayern in Champions League last eight BARCELONA: A fired-up Lionel Messi led Barcelona to a 3-1 win at home to Napoli on Saturday for a 4-2 aggregate victory which took the Read More...

Lewandowski dazzles as Bayern crush Chelsea to reach last eight

MUNICH: Robert Lewandowski struck twice and set up two more goals as Bayern Munich cruised past Chelsea 4-1 on Saturday to reach the Champions League quarter-finals with a 7-1 aggregate victory and remain on course for a treble of titles. The Bavarians will be on an 18-game winning streak acr Read More...

PM Oli tells Madi delegation to Build Ram's idol and promote Ayodhyapuri as his place of birth

Kathmandu, August 8 At a time when the entire country is concerned about the sharp rise in coronavirus cases, Prime Minister KP Sharma Oli is trying to convince everybody that Lord Ram’s birth place is in Ayodhyapuri, area of Madi Municipality, Chitwan. The PM, who had made a phone call to W Read More...

Activist Iih to end hunger strike today

Kathmandu, August 8 Youth activist Iih, initiator of ‘Enough is Enough’ campaign, is set to end his 21- day hunger strike tomorrow, as the government has agreed to meet the demands of the satyagrahis. Iih has been staging the fast-unto-death strike demanding government’s effective role i Read More...

Maintain essential health services during COVID-19 response: WHO

KATHMANDU, AUGUST 8 World Health Organisation has urged member countries, including Nepal, in the South-East Asia Region to accelerate resumption of disrupted health-care services, hit by the pandemic, as an integral part of the COVID-19 response. “The pandemic has put immense strain on heal Read More...


Young woman dies for want of treatment

BIRGUNJ, AUGUST 8 Bishnu Lama, 22, of Chhapakaiya, Birgunj-2, died for want of treatment in Birgunj this morning. Various hospitals, including Birgunj-based Narayani Hospital had refused to admit Lama, who had experienced breathing complications. She was taken to Corona Special Hospital, Ganda Read More...

Swab sample collected from communities

DHANGADHI, AUGUST 8 Swab samples have been collected to diagnose whether the virus has spread in the community level of the Sudurpaschim Province. The provincial government has started collecting swab samples from communities as the province is at a high risk of infection. Director at Sudur Read More...