Home / Knowledge / News / Apparel/Garments / Nepal's garment exports surge 52.8% in first 8 months
Nepal's garment exports surge 52.8% in first 8 months
12
May '14
The exports of readymade garments from Nepal increased by a sharp 52.8 percent to Np Rs. 3.615 billion (US$ 37.633 million) during the first eight months of the ongoing financial year that began on July 16, 2013, compared to exports of Rs. 2.366 billion during the corresponding period of the previous fiscal, according to the figures released by the Trade and Export Promotion Centre.
 
Woolen carpet exports fetched Rs. 4.801 billion during the eight-month period, showing a rise of 36.1 percent over Rs. 3.527 billion exports made during the same period in previous financial year, the data showed.
 
The exports of cotton, polyester and other yarns earned Rs. 4.028 billion for Nepal during the period under review, up 6.1 percent year-on-year, while fabric exports grew at 5.9 percent year-on-year to Rs. 3.76 billion.
 
Exports of woolen and Pashmina shawls from Nepal increased by 0.6 percent year-on-year to 1.466 billion during the eight-month period, as per the data.
 
Meanwhile, Nepal’s imports of articles of apparel and clothing accessories jumped by 22.4 percent year-on-year to Rs. 7.707 billion, whereas its imports of man-made staple fibres climbed 14.1 percent year-on-year to Rs. 6.723 billion. Imports of cotton yarn and fabrics also increased by 4.4 percent to Rs. 3.158 billion.
 
In fiscal year 2012-13 that ended on July 15, 2013, Nepal earned Rs. 5.66 billion from exports of woolen carpets, Rs. 3.824 billion from readymade garments, Rs. 5.835 billion from yarns, Rs. 5.399 billion from fabrics, and Rs. 2.179 billion from woolen and Pashmina shawls.
 
In comparison, Nepal spent Rs. 4.373 billion on import of cotton yarn and fabric, Rs. 8.711 billion on man-made staple fibres, and Rs. 8.99 billion on articles of apparel and clothing accessories.
 

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search