Nepal imported smartphones worth over Rs 2.86 arab in Shrawan, the first month of FY 2080/81, the latest report from the customs department shows. This could be a commendable start to the new Fiscal Year for the mobile phone industry which saw many ups and downs last year.
As per the report, Nepali traders spent over Rs 2 arab, 86 crores, 84 thousand bringing in 1 lakh 79 thousand, 9 hundred and 97 units of smartphones in Shrawan. Likewise, the government generated Rs 53 crore, 49 lakh, and 46 thousand in revenues from smartphone imports during the same month.
The latest figures must excite the industry compared to how it fared last year for the same period. In Shrawan FY 2079/80, smartphones worth Rs 1 arab, 57 crores, 43 lakhs, and 57 thousand were imported into the country. In total, 1 lakh, 76 thousand, 2 hundred, and 49 units of smartphones entered the country during that period.
Nepal imported most smartphones in Shrawan FY 2080/81 from China
As per the report, Nepal imported smartphones from 28 different countries in Shrawan in FY 2080/81. As usual, China continues to be Nepal’s largest smartphone import partner while India stands second.
Notably, Nepal imported 1 lakh, 23 thousand, and 957 units of smartphones from China. The total number of phones was worth 1 arab, 90 crores, 36 lakhs, and 39 thousand. During that time, the Nepali government raked in Rs 35 crores, 54 lakhs, and 4 thousand.
Similarly, 55 thousand, 6 hundred, 84 units of smartphones came from India worth Rs 94 crores, 28 lakhs, and 78 thousand. The government drew in Rs 17 crore, 58 lakhs, and 71 thousand in revenues.
The US, UAE, Vietnam, etc. were other major smartphone import partners for Nepal.
|1,23,957 (China)||Rs 1.90 arab||Rs 35.54 crore|
|55,684 (India)||Rs 94.28 crore||Rs 17.58 crore|
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The last fiscal year was forgettable for the smartphone industry in Nepal. The phone ban, economic recession, and global supply issues undermined the Nepali smartphone market. The same trend is expected for at least the early months of this fiscal year as well. However, the festive season is approaching and the industry could see its inventory filled up for consumers.
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