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China Turning into a Major Market for Nepalese Carpet

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China Turning into a Major Market for Nepalese Carpet
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April 22: The Chinese market is turning into a prime destination for Nepalese carpet industry. According to the Nepal Carpet Manufacturer and Exporter Association (NCMEA), China has become one of the major importers of Nepalese carpets after European countries and the USA.

The data maintained by the Department of Customs shows that Nepalese carpets worth Rs 98 million have been exported to China in the first five months of the current fiscal year. Likewise, in the Fiscal Year 2017/2018, carpets worth Rs 210 million were exported to the northern neighbor.  Similarly, the export of carpets to China in FY 2016/2017 was Rs 250 million.

The data of Trade and Export Promotion Centre (TEPC) shows that the overall export of Nepalese carpet has been declining in the last five years, but the export of carpet to China is on the rise.

The data shows Nepalese carpets worth Rs 7.40 billion were exported to the foreign market in 2013/2014. Likewise, the export of Nepalese carpets to the foreign market was Rs 7.14 billion in the Fiscal Year 2014/2015.

The major markets of Nepalese carpet include the United States, Germany, the United Kingdom, France, among others. Of the total production, 10 percent of Nepalese carpets are consumed in the domestic market. Countries like Morocco, India, China, Pakistan, Turkey, among others also produce carpets.  

 

 

 

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