Export to China soars by 254 pc

The export to China has increased by 254 percent in the first five months of the current fiscal year 2012/13.

According to Trade and Export Promotion Centre (TEPC), increase in the demand for carpets and medicinal herbs were the main factors behind the upward movement.

The export of carpet has surged by 479 percent while medical herbs witnessed 478 percent rise.

Similarly, the exports of metal idols rose by 406 percent, animal hide and skin by 376 percent and wheat flour by 203 percent. These are the top five products exported to China during the review period.

During the review period, Nepal exported goods worth Rs. 1.21 billion to China while the same was Rs. 342.4 million during the same period last fiscal year.

Similarly, the import from China has also increased by 36.7 percent to Rs 30.59 billion