RMG export down by 58 pc

Export of Nepali readymade garments (RMG) has plunged by 58 percent in the month of April compared to the same period last year.

According to Garment Association Nepal (GAN), the total export of garments to the US dwindled by 58 percent and the total value of garment exported in April was $5,29,569.42. Garment export plunged by 31 percent in March, with total export worth $6,82,410.88.

Export in February reduced by 55 percent, and the total value of Nepali readymade garment (RMG) exported was $9,15,275 which was a reduction of 65 percent compared to the total export in the same period in 2008.

In January, Nepali RMG export to the US declined 73 percent compared to the same period last year.

The total value of RMG exported to the US in January stood at $7,06,964.17, which was Rs 2,650,747.91 during the same period in 2008.

In 2008, the total value of Nepali RMG exported to the US was $13,609,071.77, a deceleration of 45 percent as compared to the year 2007 when the total value of Nepali RMG exported was $24,812,146.55.

GAN has ascribed internal disruptions like labour disputes, strikes and load-shedding to the dismal performance of the sector. nepalnews.com May 06 09