Home / Knowledge / News / Apparel/Garments / Nepal's garment exports rise 46.4% in first 9 months
Nepal's garment exports rise 46.4% in first 9 months
28
Jun '14
The exports of readymade garments from Nepal increased by a sharp 46.4 percent to Np Rs. 4.018 billion (US$ 41.77 million) during the first nine months of the ongoing financial year that began on July 16, 2013, compared to exports of Rs. 2.744 billion made 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. 5.487 billion during the first three quarters of the current fiscal, showing a rise of 39 percent over Rs. 3.946 billion exports made during the same period in previous financial year, the data showed.
 
The exports of cotton, polyester and other yarns earned Rs. 4.632 billion for Nepal during the period under review, up 8.3 percent year-on-year, while fabric exports grew at 2.8 percent year-on-year to Rs. 4.073 billion.
 
However, exports of woolen and Pashmina shawls from Nepal decreased by 0.5 percent year-on-year to 1.577 billion during the nine-month period, as per the data.
 
Meanwhile, Nepal’s imports of articles of apparel and clothing accessories jumped by 22.33 percent year-on-year to Rs. 8.546 billion, whereas its imports of man-made staple fibres climbed 8.4 percent year-on-year to Rs. 7.575 billion. Imports of cotton yarn and fabrics increased by 5.71 percent to Rs. 3.56 billion during the period under review.
 
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

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Erik Sy

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

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search