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Nepal's exports to China grow 27.7%, those to India grow 3.2%

Nepal’s export to China has seen a sizeable growth in the first three months of Fiscal Year 2017/18, while export growth to India remains slow.

According to the Current Macroeconomic and Financial Situation of Nepal (first three months) unveiled by the Nepal Rastra Bank (NRB) in Kathmandu on Sunday, Nepal’s exports to China in the review period grew 27.7 percent year-on-year, while exports to India expanded by only 3.2 percent. 

Nepal exported goods worth Rs 493 million to India, while it imported products worth Rs 10.75 billion from the southern neighbour in the review period. Export of tea, wheat flour and tanned leather to China recorded a growth of 531.2 percent, 141.1 percent and 110 percent in the review period.

Exports to India of other products like cardamom and linseed fell. Cardamom export fell by 54.3 percent in the review period compared to a decline of 26.2 percent in the first three months of 2016/17. Export of linseed fell by 100 percent, compared to a growth of 475.1 percent in the first three months of 2016/17.

Export of fruits, ghee, ginger, vegetables and turmeric also declined in the first three months of the current fiscal year compared to same period on the previous fiscal year.

According to the report, Nepal’s export to other countries increased by 9.2 in the first three months of the current fiscal year.

1 Indian Rupee = 0.015 US Dollar

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