Carpet export plunges by 25pc

Post Report

BIRGUNJ, Nov 14 – Plagued mainly by a whopping tumble in the export of hand-knotted woolen carpet to Europe, the overall carpet export, during the first three months of the current fiscal year, recorded a plunge of 25 per cent.

According to the statistics complied by the Birgunj Customs, the overall export of carpet to the third countries during the period remained 376,214 square meter whereas the such export during the same period last year was 512,482 square meter.

Despite a whopping decline in the volume of export of the woolen carpet, the overall carpet export earnings has increased as compared to the same period last year mainly due to the depreciation of Nepali currency against dolor.

The total first quarter export earnings has touched Rs 1.83 billion whereas such incomes during same period last year was Rs 1.57 billion.

The most worrisome fact for the Nepali carpet industry is the dire decline of 50 per cent in the export of carpet to the Europe, particularly to Germany.

The overall export of the carpet to the Europe, during the period, has plunged by around 50 per cent and remained 65,000 square meter against 116,166 square meter recorded during the like period last year.

With a plunge of around 100,000 square meter, carpet export towards Germany has also declined to touch just 257,520 square meter whereas such export last year was 361,943 square meter.

However, the robust growth in the carpet export towards America largely prevented the overall export industry from a complete collapse. The export to America, during the period, recorded a robust surged of 45 per cent and jumped to 48,684 square meter from 26,464 square meter.