Export of carpet declines significantly, records Rs. 3.82 billion in seven months

Kathmandu: Export of woolen carpet, a major exportable product of Nepal, has declined significantly during the first seven months of the current fiscal year.

The export of carpet went down by 11.9 per cent to Rs. 3.82 billion during the review period, according to the trade report of Trade and Export Promotion Centre (TEPC).

Carpet worth Rs. 4.33 billion was exported during the same period of the last fiscal year and worth Rs. 7.29 billion over the last fiscal year.

However, the overall export of the country has increased by 11.9 per cent to Rs. 47.50 billion during the review period.

Export of readymade garment and cardamom increased by 12.7 per cent and 49.9 per cent to Rs. 3.08 billion and Rs. 3.3 billion in first seven months respectively.

Likewise, the export of yarns grew by 28.8 per cent to Rs. 4.54 billion during the review period.

Export of iron and steel products decreased by 1.8 per cent to Rs.  3.29 billion and lentils by 1.4 per cent to Rs. 590 million during the review period.

Nepal exported tea, ginger, pashmina, handicrafts, leather goods and noodles worth Rs. 2.21 billion, Rs. 400 million, Rs.1.24 billion, Rs. 360 million, Rs. 540 million, and 390 million respectively, the TEPC report stated.