High Export Products in the Last Six Months: Soyabean Oil Leads the Chart

Kathmandu, February 2025 – Nepal’s export data for the past six months has revealed a significant trend in the country’s trade, with Soyabean Oil emerging as the highest-exported product, contributing Rs. 18.91 billion to the economy. The dominance of soyabean oil in the export sector can be attributed to its high demand in South Asian markets, particularly in India and Bangladesh. Despite global economic challenges, Nepal’s refined soyabean oil has remained a key revenue generator.

Major Export Performers

Apart from soyabean oil, Nepal has witnessed strong export performance in the textile, agriculture, and constructionsectors. The second highest exported product was Polyster Yarn & Thread, amounting to Rs. 6.55 billion, followed by Woolen Carpet at Rs. 5.61 billion. Nepal’s woolen carpets have a strong global presence, particularly in Europe and the United States, where they are valued for their quality and craftsmanship.

The country’s spice exports also performed well, with Cardamom recording exports worth Rs. 4.55 billion. Nepal is one of the leading producers of large cardamom, and its export is consistently in demand in India and Gulf countries.

Similarly, Zinc Sheets accounted for Rs. 4.51 billion in exports, showing strong demand in the construction sector of neighboring countries. Particle Board exports also saw a rise, contributing Rs. 4.24 billion, indicating a growing market for processed wood materials.

Agricultural and Herbal Products on the Rise

The export data also highlights the resurgence of Nepal’s agricultural and herbal industries. Tea and Jute Goods, two of Nepal’s traditional exports, recorded exports of Rs. 3.15 billion and Rs. 3.34 billion, respectively. Nepali tea, known for its organic and high-quality production, continues to gain international recognition.

Similarly, Readymade Garments brought in Rs. 2.84 billion, reinforcing Nepal’s position in the global textile industry. Additionally, the export of Ayurvedic Medicines (Rs. 1.00 billion) and Pashmina (Rs. 1.71 billion)showcases Nepal’s capability in herbal and natural product-based industries.

Challenges and Opportunities

Despite these positive export numbers, experts caution that global competition, high production costs, and trade barriers remain challenges. The soyabean oil sector, for instance, is highly dependent on imported raw materials, making it vulnerable to international price fluctuations.

Additionally, inconsistent policies, export restrictions, and logistical issues hinder Nepal’s full potential in international trade. Market analysts suggest that government support in infrastructure, subsidies for exporters, and better trade agreements can significantly boost Nepal’s export revenue in the coming years.

Looking ahead, Nepal needs to focus on diversification, value-added processing, and branding of its products to sustain and expand its position in the global market. With strategic investments and favorable policies, Nepal has the potential to increase its exports, strengthen its trade balance, and drive economic growth.