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Handicraft export down 8 percent

Posted by: NTN Admin | Date: November 12, 2009

Exports of Nepali handicraft products to third countries have decreased by 8.1 percent during the first quarter of the current fiscal year compared to the same period last year.

Nepal exported textile and non-textile handicraft goods worth Rs. 829 million during the first quarter.

During the same period last year, exports amounted to Rs. 902. According to the Federation of Handicraft Associations of Nepal (FHAN), the fall was mainly due to a decrease in the export of pashmina products, woollen goods, silk products, handmade paper products and wood crafts.

During the period, pashmina exports, which is one of the major export products, declined by 31.26 percent to Rs. 154 million.

Woollen goods decreased by 10.94 percent to Rs. 159 million, silk products went down by 26.88 percent and handmade paper products and wood crafts declined by 16.55 percent and 31.38 percent respectively. As per FHAN data, the export of textile products declined by 14.87 percent to Rs. 487 million against Rs. 572 million during the same quarter last year.

The export of non-textile products has registered a growth of 3.63 percent thanks to a rise in the sale of silver products.

Silver products have increased by 18.09 percent amid reports of adulteration with cadmium. Nepal exported silver products worth Rs. 121 million against Rs. 102 million during the same period last year. Similarly, the export of felt products has also increased by 31.08 percent.

Exports amounted to Rs. 102 million during the period compared to Rs. 78 million previously. Metal craft also registered a growth of 8.89 percent to Rs. 90 million.

The top five countries importing Nepali handicraft are the U.S.A. (Rs. 223 million), Germany (Rs. 87 million),

Japan (Rs. 74 million), the U.K. (Rs. 69 million) and Canada (Rs. 51 million).