Nepal’s high-value exports rise 23.85 percent in first quarter
Summary
Nepal’s high-value exports rose 23.85 percent in the first quarter of the current fiscal year, led by large cardamom, iron and steel products, jute products, readymade garments, pashmina, carpets, and felt. Overall exports jumped 57.03 percent, driven largely by re-exported edible oils.
Key Points
- High-value exports listed under Nepal Trade Integration Strategy 2023 increased 23.85 percent to Rs36.65 billion in the first three months of the current fiscal year.
- Overall exports rose 57.03 percent to Rs114.28 billion, mainly because of re-exported edible oils worth Rs58.42 billion.
- Large cardamom, dog chews, fabrics, footwear, ginger, iron and steel products, jute products, garments, tea, pashmina, carpets and felt all recorded growth.
- Trade expert Rabi Shankar Sainju said Nepal needs market diversification and product diversification, along with better processing and packaging to boost exports further.
