Analysis of Major Commodity Exports in Nepal (2023/24): Share in Total Exports and Percent Change

Nepal's major commodity exports over three time periods: annual exports for the fiscal year 2021/22, annual exports for the fiscal year 2022/23, and exports for the first nine months of the fiscal year 2023/24. Additionally, the data includes the share of each commodity in total exports and the percent change from the previous period.

Key Observations

1. Zinc Sheet:

   • 2021/22: 2841.7 million NPR

   • 2022/23: 7705.7 million NPR

   • 2023/24 (Nine Months): 8575.3 million NPR

   • Share in Total Exports: 7.5%

   • Percent Change: 58.1%

   • Interpretation: Zinc sheet exports have seen a substantial increase of 58.1%, indicating strong demand or improved production capabilities.

2. Polyster Yarn & Thread:

   • 2021/22: 9515.9 million NPR

   • 2022/23: 10550.2 million NPR

   • 2023/24 (Nine Months): 8250.8 million NPR

   • Share in Total Exports: 7.2%

   • Percent Change: 7.6%

   • Interpretation: This commodity has maintained a steady increase, showing resilience and steady demand in the market.

3. Woolen Carpet:

   • 2021/22: 9653.0 million NPR

   • 2022/23: 11505.3 million NPR

   • 2023/24 (Nine Months): 7816.5 million NPR

   • Share in Total Exports: 6.9%

   • Percent Change: -7.7%

   • Interpretation: Woolen carpet exports have decreased by 7.7%, which may reflect changing market preferences or increased competition.

4. Juice:

   • 2021/22: 6074.8 million NPR

   • 2022/23: 6629.8 million NPR

   • 2023/24 (Nine Months): 6303.4 million NPR

   • Share in Total Exports: 5.5%

   • Percent Change: 37.6%

   • Interpretation: Juice exports have increased by 37.6%, indicating growing demand for this product.

5. Palm Oil:

   • 2021/22: 41064.7 million NPR

   • 2022/23: 20509.1 million NPR

   • 2023/24 (Nine Months): 5714.4 million NPR

   • Share in Total Exports: 5.0%

   • Percent Change: -67.0%

   • Interpretation: Palm oil exports have dropped significantly by 67.0%, possibly due to changes in global market conditions or trade restrictions.

Total Exports

• Top 20 Commodities:

  • 2021/22: 108765.0 million NPR

  • 2022/23: 105243.8 million NPR

  • 2023/24 (Nine Months): 75065.4 million NPR

  • Percent Change: -5.3%

  • Interpretation: The top 20 commodities represent a major portion of total exports, with a slight decline indicating potential challenges in maintaining export levels.

• Other Exports:

  • 2021/22: 91265.8 million NPR

  • 2022/23: 51891.9 million NPR

  • 2023/24 (Nine Months): 38889.6 million NPR

  • Percent Change: -0.4%

  • Interpretation: Other exports have remained relatively stable, showing minor fluctuations.

• Total Exports:

  • 2021/22: 200031.0 million NPR

  • 2022/23: 157140.7 million NPR

  • 2023/24 (Nine Months): 113946.0 million NPR

  • Percent Change: -3.7%

  • Interpretation: The total exports show a slight decrease of 3.7%, suggesting a need for strategic planning to boost export activities.

Interpretation Summary

1. Zinc Sheet:

   • Dominates the export market with a 7.5% share and a 58.1% increase.

2. Polyster Yarn & Thread:

   • Steady increase with a 7.2% share and 7.6% growth.

3. Woolen Carpet:

   • Slight decline with a 6.9% share and -7.7% change.

4. Juice:

   • Increased demand reflected in a 37.6% rise.

5. Palm Oil:

   • Significant drop of 67.0%, indicating market challenges.

Conclusion

The data shows mixed trends in Nepal's export market, with some commodities like zinc sheet and juice showing strong growth, while others like palm oil and woolen carpets face declines. These insights can guide strategies to boost export performance