Home / Knowledge / News / Textiles / Handicrafts shipped to around 80 countries
Handicrafts shipped to around 80 countries
13
Jun '09
Nepali handicraft goods saw an export hike of 17 percent in the first nine months of ongoing fiscal year. Weakening of Nepali currency is the reason behind this growth, noted exporters.

Nepali handicraft goods worth Rs. 2.22 billion have been exported to around 80 different countries between mid-July 2008 and mid-April 2009. These exports stood at Rs. 1.89 billion in the corresponding period last year, revealed the Federation of Handicraft Association of Nepal (FHAN).

However, in terms of US currency, the exports of handicraft products from Nepal in the nine months of this fiscal had fallen by 0.3 percent to US$29.51 million. During the first nine months of the current fiscal, dollar was valued between Rs. 68.85 and Rs. 80.15, whereas in the same period of last fiscal year it averaged between Rs. 64.45 and Rs. 65.44.

But the increase in US dollars against the Nepali currency doesn't provide a blanket explanation for the increment recorded by certain export items. For instance, exports of Pashmina products went up as the Pashmina companies diversified their products range.

These products witnessed an increase of 31 percent and touched Rs. 573.65 million in first nine months of this fiscal. This is because, exporters of Nepal, now export wide range of Pashmina products, including sweaters and ponchos along with Pashmina shawls.

This year, Nepali Pashmina products made up for 26 percent of the total handicraft exports. These pashmina products were exported to around 40 countries of the world, while 35 percent of the total Pashmina products, worth Rs. 200.95 million were exported to the US alone, making that country the biggest importer of Nepali Pashmina goods.

In these nine months, exports of woolen products also went up by 27 percent to Rs.336.95 million. These exports make up 15 percent of the total handicraft exports. Exports of other textile items such as felt, cotton, hemp and Dhaka products also witnessed an increase, in terms of both, Nepali as well as US currency.

While the export of non-textile items such as exports of silver jewelry, which amounted to 12 percent of total handicraft exports, also experienced a marginal growth of 8 percent and touched Rs. 265.05 million. But this figure fell down by nine percent in US dollar terms.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Cross-border e-com pilot zones in 22 Chinese cities

Apparel/Garments | On 21st Jul 2018

Cross-border e-com pilot zones in 22 Chinese cities

As part of its ‘firm commitment’ to open up, China has identified 22...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kamal Kulshreshth

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

John Kelley

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

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

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


July 2018

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

news category


Related Categories:

Advanced Search