KATHMANDU, Jan 29: Eight years after signing a transit agreement with China, Nepal has started exporting goods to third countries using Chinese ports. Nepal, which is only dependent on India for international trade with third countries, has started sending goods to third countries using China's land.
While export earnings declined 7.23 percent, import expenses fell 3.09 percent in the first half of the current fiscal year compared to the same period of last year. In the review period, Nepal had a trade deficit of Rs 424.44 billion alone with India.
KATHMANDU, Dec 8: The Bangladesh government has decided to import 40 MW of electricity from Nepal. A meeting of the Economic Affairs Committee of the Council of Ministers on Wednesday gave in-principle approval to the proposal to import electricity from Nepal.
As Nepal's electricity export to India surges to over Rs 12.50 billion in the first four months of the current fiscal year, it is high time for the nation to recognize the gold mine lying in its hydropower potential.
KATHMANDU, Nov 24: Despite relying on imports for various goods, Nepal has achieved self-sufficiency in the carpet industry. In the first four months of the current fiscal year (FY) 2023/24, the country exported carpets and floor coverings worth around Rs 4 billion.
KATHMANDU, Oct 26: Nepal's ghee exports have been on the rise, showcasing the country's potential in this sector. In the fiscal year 2020/21, the Dairy Development Corporation (DDC) initiated the export of Nepalese ghee to Japan, with a private company purchasing the ghee produced by the government institution.
KATHMANDU, Oct 24: As a result of increased production and a decline in local consumption, the sales cycle for dairy products has experienced disruption. To address this issue, the government is actively seeking international markets for these products.
NEW DELHI, Oct 20 : The Indian government has permitted exports of over 1 million tons of non-basmati white rice to Nepal, Cameroon, Cote d'Ivore, Guinea, Malaysia, the Philippines and Seychelles, officials said on Thursday.
KATHMANDU, Oct 11: Nepal's palm oil exports to its neighboring country, India, have plummeted by 50 percent, marking a significant decrease in the fiscal year 2022/23 compared to the previous year. The Trade and Export Promotion Center reported that palm oil exports in 2022/23 were limited to Rs 20.51 billion, a sharp drop of 50.1 percent from the previous fiscal year's figure.
BARA, July 22: Following a significant decrease in vegetable production due to heavy rains in India's Uttar Pradesh last week, Nepali tomato exports are experiencing a surge in demand and finding a robust market in the neighboring country. This surge is attributed to the seamless customs process that allows Nepalese vegetable producers to send their goods to the Indian market without any hindrance.
The export of haylage from Nepal to China on Saturday represents a significant milestone in the economic cooperation between these two nations. With the successful shipment of 10 containers of animal feed from Bharatpur to Shigatse in Tibet Autonomous Region (TAR) of China, this achievement not only signifies the growth of Nepal's agricultural industry but also brings high hopes and promising opportunities for both countries.
KATHMANDU, April 30: After wheat and rice, India will also now stop exporting sugar. The Indian government has started preparations to stop the export of sugar after it became difficult to meet the domestic demand.
Nepal's electricity production has reached a milestone of 2,689.83 MW, and the capacity is expected to cross 2,800 MW by the end of the current fiscal year. This achievement is a testament to the country's progress in the power sector, thanks to both the public and private sector's contributions.
KATHMANDU, April 12: During the first eight months of Fiscal Year 2022/23, merchandise exports decreased 29.1 percent to Rs 104.80 billion against an increase of 82.9 percent in the same period of the previous year.
KATHMANDU, March 23: During the first eight months of the current Fiscal Year 2022/23, Nepal has imported goods worth one trillion rupees. According to the data of the Department of Customs, goods worth over 1 billion were exported, while the country imported goods worth Rs 1.38 trillion during the period.
KATHMANDU, March 12: Both export and import have decreased in the first seven months of the current fiscal year 2022/23. This is stated in the Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) today.
SARLAHI, Feb 23: The Agriculture Wholesale Bazaar Management Committee (AWBMC) in Sarlahi has exported agricultural products worth over Rs 1 billion in seven months of the current fiscal year, 2022/23.
KATHMANDU, Feb 7: The Government of Nepal today unveiled its National Pashmina Sector Export Strategy 2022-2026', which is expected to enhance the supply capacities of the private sector and reconnect the sector with regional and global markets for more Himalayan Chyangra Pashmina exports.
KATHMANDU, Dec 17: Palm oil and soybean oil, which had been giving Nepal a notable amount of export earnings for the past few years, witnessed a sharp decline in exports in the first four months of the current fiscal year.
As agriculture has not been able to attract the youth even in the rural areas, the farmlands in various districts in the country are left fallow. And we have been consuming agricultural products by importing them from abroad. We have been importing almost everything we consume including rice, corn, wheat, potatoes, edible oil, spices etc.