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
Trade

Trade between Nepal and China grows despite COVID-19

July 26, 2021


Abstract : Trade between Nepal and China grew by over 28 percent in the 2020-21 fiscal year that ended in mid-July despite the raging COVID-19 pandemic, showed the latest figures released by the Nepali Department of Customs.

KATHMANDU, July 25 (Xinhua) -- Trade between Nepal and China grew by over 28 percent in the 2020-21 fiscal year that ended in mid-July despite the raging COVID-19 pandemic, showed the latest figures released by the Nepali Department of Customs.

The two-way trade increased to 234.93 billion Nepali rupees (1.96 billion U.S. dollars) in the last fiscal year, as against 183.93 billion Nepali rupees (1.54 billion U.S. dollars) over the previous fiscal year.

Nepal's imports from China surged to 233.92 billion Nepali rupees (1.95 billion U.S. dollars) in 2020-21, up from 181.92 billion Nepali rupees (1.52 billion U.S. dollars) in the previous year, according to the Nepali department.

Meanwhile, the Nepali exports to China fell to 1 billion Nepali rupees (8.37 million U.S. dollars) from 1.19 billion Nepali rupees (9.97 million U.S. dollars) in the previous year.

The South Asian country has imposed a lockdown twice to contain the virus, though the restrictive measures have been eased in the past weeks.

"Nepal-China trade grew in line with an overall growth in trade in the last fiscal year," Shishir Ghimire, information officer at the Department of Customs, told Xinhua. "Even during the lockdown, we continued to open customs offices for international trade."

In the 2020-21 fiscal year, Nepal's international trade increased by around 29 percent to some 14 billion U.S. dollars. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China-Nepal international cooperation

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