KATHMANDU, April 12: The war in the European continent has its impact on the handicraft industry here in Nepal. President of the Federation of Handicraft Associations of Nepal, Prachanda Shakya, said handicraft exports to Europe have decreased by 20 percent.

KATHMANDU, March 3: Cement exports have raised hopes in foreign trade due to the government’s implementation of effective policies, at a time when the country’s a significant trade deficit. The government’s encouragement of cement exports has resulted in a five-fold increase this year compared to the previous year.

KATHMANDU, Aug 23: After India imposed a 40 percent duty on onion exports, businessmen have stopped importing onions.

In a welcome development for Nepal's economy, the trade deficit has declined by 15.45 percent, reaching Rs 1.454 trillion in the fiscal year 2022/23. This significant drop is largely attributed to the government's measures to check imports, responding to concerns over depleting foreign currency reserves and a fall in people's income due to the recession. While this reduction in the trade deficit is undoubtedly a positive step, it is essential to recognize that there is still a long way to go before achieving a sustainable balance in trade.

KATHMANDU, Jan 8: Nepal can now enjoy easy access to a dry port in Bangladesh to export its yarn to third countries. Neighbouring Bangladesh has agreed to allow Nepal, a landlocked Himalayan country, to use its nearest dry port for the exports.

PARSA, June 26: Birgunj transit, the country's main trade transit, has witnessed a surge in exports by a whopping 73 percent to neighboring India and other third countries in the first 11 months of the current fiscal year, 2021/22 in comparison to the corresponding period of the previous FY.

KATHMANDU, OCT 14: Export of Nepali edible oil is likely to be affected after India reduced duties on the products imported also from other countries than its northern neighbor.

KATHMANDU, September 7: Nepal exported goods worth Rs 20.76 billion in the first month of the current fiscal year, which is more than double the amount that the country earned during the same period of the previous fiscal year.

KATHMANDU, August 5: The Department of Industry (DoI) has asked the government to provide cash incentives worth Rs 1.28 billion in total to 508 export-oriented industries.

KATHMANDU, June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 percent more than the same period of the last fiscal year, according to the Department of Customs.

KATHMANDU, May 25: Nepal’s earnings from merchandise exports crossed Rs 100 billion during the first ten months of the current fiscal year.

NEW DELHI, March 26: India has not imposed a ban on coronavirus vaccine exports and New Delhi will continue to supply vaccines in a phased manner, a government source told Reuters on Thursday.

BIRGUNJ, Aug 11: Nepali entrepreneurs have exported cooking oil worth Rs 12.67 billion to India after the export of cooking oil started in the Fiscal Year 2018/19.

BANGKOK, July 19: Thailand’s customs-cleared annual exports likely declined for a fourth straight month in June, down 5.0%, a Reuters poll showed on Friday, after falling 5.79% in the previous month.

KATHMANDU, April 28: Exports growth to China, the second largest trading partner of Nepal, has been falling in the current Fiscal Year 2018/19.

External sector position worsens further

February 15, 2019 12:39 pm

KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.

KATHMANDU, Dec 14: A report unveiled by the World Bank here today has projected Nepal's possibility to increase exports to South Asian countries by four-fold.

U.S. sanctions against Iran’s crude and condensate exports have cut shipments, but China and India -- the two biggest buyers of Iranian crude -- are expected to keep purchasing oil from Iran.

TOKYO, Oct 18: Japan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-U.S. trade war.

ILAM, July 14: A bulk of Nepal's vegetable exports via Kakarbhitta border point in eastern Nepal used to be tomatoes until the past fiscal year. However, with India stopping import of Nepali tomatoes, hundreds of farmers from Ilam district fear that their production this year will simply go waste with no one to purchase them.

OSLO, July 4: Norway’s Seafood Council said on Wednesday:

DUBAI, July 3: Iran’s President Hassan Rouhani said regional oil exports may be threatened if the United States tries to pressure its allies to stop buying Iranian crude oil, the official presidential website reported on Tuesday.

DARCHULA, June 29: Over 30 kgs Yarsagumba have been so far exported from Darchula district this year.

KATHMANDU, June 22: Nepal exports pashmina to 47 countries of the world, the Pashmina Industry Association has stated.

It’s been over a week since Gulf countries stopped importing fruit and vegetables from Kerala, following the Nipah outbreak.

BEIJING, June 3: U.S. and Chinese officials have discussed specific American export items Beijing might buy as part of its pledge to narrow its trade surplus with the United States, U.S. Commerce Secretary Wilbur Ross said Sunday as the two sides began a new round of talks in Beijing aimed at settling a simmering trade dispute.

ILAM, May 9: Indian customs officials have obstructed export of readymade tea to India, according to industrialists.

KATHMANDU, April 26: The export of tea, coffee, mate, and spices jumped 36.5 percent to Rs 6.5 billion in the first eight months of Fiscal Year 2017/18 as compared to statistics of last year to top the list of Nepal's exports.

KATHMANDU, April 12: Prime Minister K P Sharma Oli said there is no point talking about talking about trade deficit as the country does not have anything to sell in the international market.

QATAR, MAR 4: Qatar is expected to import high-quality mineral water from Nepal by 2019, according to professor Ramesh Prasad Koirala, Nepal’s ambassador to Qatar.

Tea exports grow by 26 percent

February 20, 2018 06:45 am

KATHMANDU, Feb 20: The five-month protest in Darjeeling has become a boon for Nepali tea industries.

KATHMANDU, Feb 3: Nepal’s exports increased by 13 percent in the first half of Fiscal Year 2017/18, datae from the Department of Customs (DoC) shows.

KATHMANDU, Jan 26: Indian Ambassador to Nepal Manjeev Singh Puri said that there could be obstruction imposed on Nepal's export of ginger to India over phytosanitary requirement as agreed between the two countries.

KATHMANDU, Jan 25: Boosting agricultural production and exports for narrowing the trade deficit are priorities in all periodic plans and fiscal policies, but these priorities never get implemented in reality. Ginger is among several competitive products affected by such inaction.

PALPA, Jan 19: Palpa district has been exporting bay leaf and cinnamon worth more than Rs 70 million a year to India for the past few years.

KATHMANDU, Nov 8: Official figures of pashmina exports in the Fiscal Year 2016/17 show a decline of 11.31 percent year on year. However, traders claim that real foreign currency earning through pashmina export is rising steadily.

LONDON, Sept 26: Brent oil prices hovered near 26-month highs on Tuesday, supported by Turkey’s threat to cut crude exports from Iraq’s Kurdistan region and signs of quicker market rebalancing.

GULMI, Aug 8: A single village in Gulmi exported litchi worth Rs 1 million this year. Chyurek village of Ruru Rural Municipality exported litchi worth Rs 1 million to other districts.

PANITANKI (INDIA), July 19: Ginger exports from the eastern customs point of Kakarbhitta resumed Wednesday after a hiatus of 19 days.

Middle East threat to gas exports

June 12, 2017 00:05 am

Middle East threat to gas exports

Infographics: Middle East threat to gas exports

KATHMANDU, April 25: Hike in cargo handling fee will affect the ailing export sector, according to the Confederation of Nepalese Industries (CNI).

BIRATNAGAR, Jan 3: Six industries of Biratnagar have been affected after India imposed a huge Countervailing Duty (CVD) on jute being exported to its territory.

Rosin, turpentine exports on the rise

December 20, 2016 00:40 am

KATHMANDU, Dec 20: Export of rosin and turpentine is increasing in recent years.

JHAPA, Nov 29: Even a small decision taken by India has been delivering a big jolt to the Nepali economy because of our reluctance to reduce trade dependency on the southern neighbor and the government negligence to diversify export products.

BAITADI, Nov 24: Baitadi, a district in the far-western, in the fiscal 2072-73 BS, exported herbs weighing 979 quintals.

Reviving exports

August 25, 2016 00:25 am

Nepal is not a coastal state. But we pursue trade policies as if we are a coastal state