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

Courtesy: VF Corporation

Apparel/Garments | On 5th May 2016

VF Corp’s Q1 2016 revenue up 2% to $2.8 billion

VF Corporation reported a rise of 2 per cent in its total revenue to...

Textiles | On 5th May 2016

Brazilian cotton prices rise nearly 10% in April

Firm demand, decrease in supply from important cotton growing...

Apparel/Garments | On 5th May 2016

Kishore Biyani named Future Retail’s vice-chairman

Future Retail has appointed its Independent Director VK Chopra as...

Interviews View All

James A. Hayward
Applied DNA Sciences

How crucial is the need to authenticate the quality of textiles used in...

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Mr. Subhash Bhargava
Colorant Limited

What is the current scenario for colorants and specialty chemicals in...

Mr. Narendra Dalmia
Strata Geosystems (India) Pvt. Ltd.

Mr. Narendra Dalmia has a experience of about 35 years in a wide variety...

Mr. Anant Kanoi
TechFab India Industries Ltd

Mr. Anant Kanoi is the Managing Director of TechFab India Industries Ltd....

Robin Grankvist
OrganoClick AB

<i><b>Robin Grankvist</b> talks about PFCs, additives and various...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search