Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

Mobile sets and telecom equipments top Nepal's import from China

September 16, 2019


Abstract : Mobile sets and telecommunication equipment topped the chart in Nepal's imports from China in the last fiscal year 2018-19 that concluded in mid-July, Nepal's central bank said.

KATHMANDU, Sept. 16 (Xinhua) -- Mobile sets and telecommunication equipment topped the chart in Nepal's imports from China in the last fiscal year 2018-19 that concluded in mid-July, Nepal's central bank said.

According to recently unveiled report on macroeconomic and financial situation of the Himalayan country, Nepal Rastra Bank stated that mobile sets and telecommunication equipment; readymade garment; electrical goods' machineries and parts and television and parts occupied the top five position in terms of volume of imports from China.

The Himalayan country imported total goods worth 1.8 billion U.S. dollars as of last fiscal from China as the northern neighbour became second largest trading partner of the Himalayan country.

Nepal imported mobile sets and telecommunication equipments worth 200 million U.S. dollars topping the chart followed closely by the import of readymade garments worth 184 million U.S. dollars.

The Himalayan country imported electrical goods worth 178 million U.S. dollars, machineries and parts worth 166 million U.S. dollars and television and parts worth 90 million U.S. dollars. These five items covered nearly half of the total imports from China as their combined value stood at 818 million U.S. dollars, according to Nepal's central bank's statistics.

"Telecommunications, electrical and electronic items are dominant in total import from China," Gunakar Bhatta, chief of the research department, at Nepal's central bank, told Xinhua on Saturday. Most of the mobile sets manufactured in China are imported to Nepal and Chinese companies like Huawei and ZTE are involved in Nepal's telecom equipment businesses.

But readymade garment is also an important component of imports being imported from China. Although Nepal also imports garments from various other countries, China has remained dominant in terms of sheer volume of imports. "We are heavily dependent on China for readymade garments which are cheaper and affordable," Bachhu Poudel, president of Nepal Trans Himalayan Border Commerce Association, a grouping of traders involved in export-import between the two countries.

As Dashain, the biggest festival of Nepali Hindus, is approaching, Nepali traders have imported readymade garments in large volumes because the garments are heavily sold during this festival.

In the last fiscal year, Nepal exported goods worth 18 million U.S. dollars to China, a meager figure compared to imports, according to the central bank report.


Scan the QR code and push it to your mobile phone

Keyword: China-Nepal mobile-sets

Reading:

Economic Watch: China gears up for switch to new housing loans interest rate policy

S.China city subway adopts facial recognition

Interview: "Co-innovation" between Chinese, German companies to create better products for consumers: IFA director

China mobile gaming industry sees rapid growth in overseas markets

World IoT Expo 2019 commences in Wuxi, east China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial